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PUTRAJAYA (Jan 5): The Federal Court on Wednesday ruled that there is no mandatory obligation on Bursa Malaysia Securities Bhd’s part as a stock exchange, to immediately delist a company when a winding-up order is made against the listed entity. “As long as the wound-up company remains listed, the liquidator, being the controlling person of the company, has to comply with the AMLR (Ace Market Listing Requirements),” said Federal Court Judge Datuk P Nalini. ....
Malaysiakini guilty of contempt, but not its chief editor. The decision today would affect the running of news portals in accomodating its readers comments and may affect Facebook and Twitter comments as well. The judiciary s number two, namely Court of Appeal president Tan Sri Rohana Yusuf found Malaysiakini liable for contempt beyond reasonable doubt. Malaysiakini was represented by Datuk Malik Imtiaz Sarwar and Surendra Ananth, while senior federal counsel Suzana Atan and S Narkunavathy appeared for the Attorney General who initiated the contempt. Justice Rohana said having considered the defence of no knowledge and the rebuttals raised, they are satisfied with the facts and evidence before them that ....