Notice Of Demand Pursuant To Section 218 Of The Companies Act, 1965 By Lembaga Hasil Dalam Negeri

21 May 2004

Type

Announcement
Subject NOTICE OF DEMAND PURSUANT TO SECTION 218 OF THE COMPANIES ACT, 1965 BY LEMBAGA HASIL DALAM NEGERI

Contents :

Telekom Malaysia Berhad ("TMB") hereby announces that Rego Multi-Trades Sdn. Bhd. (109061-T) ("Rego"), a wholly-owned subsidiary of Celcom (Malaysia) Berhad has on 21st May 2004 been served with a notice of demand pursuant to Section 218 Companies Act 1965 by Lembaga Hasil Dalam Negeri ("LHDN Notice").


By the said Notice, LHDN is seeking the sum of RM5,245,421.33 which it claims under a court judgment dated 13 January 2004 (“Sum”) obtained by the Government of Malaysia vide Kuala Lumpur High Court Civil Suit No. S1-21-2003 (“Judgment”) and to be paid within 21 days of the receipt of the said Notice failing which it would be deemed that Rego is unable to pay its debts and winding-up proceedings would be commenced against Rego.

Rego through its tax consultant has disputed liability for the alleged tax assessed which the LHDN claims as tax payable for the assessment years of 1986 until 2000 (Current Year Basis).

Rego is seeking professional advice and proposes to resist the LHDN’s claim.

Announcement Info

Company Name TELEKOM MALAYSIA BERHAD
Stock Name TELEKOM
Date Announced 21 May 2004
Category General Announcement
Reference No TM-040521-65714