Section 395. Non-application of this Subdivision

This Subdivision shall not apply to—

(a) a public company;

(b) a company which is a licensed institution or an operator of a designated payment system regulated under the laws enforced by the Central Bank of Malaysia;

(c) a company which is subject to the Capital Markets and Services Act 2007; and

(d) a company which creates a charge over its property or any of its undertaking.