Company: VCIG
Filing Date: 2025-09-25
Form Type: F-3
Source: 0001213900-25-091277
Chunk: 28

Company: VCI Global Ltd
Filing Date: 2025-09-25
Form: F-3
Chunk 28
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 to the BVI High Court for an order on such conduct.

Any member of a company may apply to the BVI High
Court for the appointment of a liquidator for the company and the Court may appoint a liquidator for the company if it is of the opinion
that it is just and equitable to do so.

The BVI Act provides that any member of a company
is entitled to payment of the fair value of his shares upon dissenting from any of the following:

| (a) | a merger; |

| (b) | a consolidation; |

| (c) | any sale, transfer, lease,                                                                                                             
 exchange or other disposition of more than 50 per cent in value of the assets or business of the company if not made in the usual or   
 regular course of the business carried on by the company but not including (i) a disposition pursuant to an order of the court having  
 jurisdiction in the matter; (ii) a disposition for money on terms requiring all or substantially all net proceeds to be distributed to 
 the members in accordance with their respective interest within one year after the date of disposition; or (iii) a transfer pursuant   
 to the power of the directors to transfer assets for the protection thereof;                                                           |

| (d) | a redemption of 10 per cent,                                                                                                           
 or fewer, of the issued shares of the company required by the holders of 90 percent, or more, of the shares of the company pursuant to 
 the terms of the BVI Act; and                                                                                                          |

| (e) | an arrangement, if permitted 
 by the BVI High Court.       |

Generally, any other claims against a company
by its members must be based on the general laws of contract or tort applicable in the BVI or their individual rights as members as established
by the company’s memorandum and articles of association.

The BVI Act provides that if a company or a director
of a company engages in, proposes to engage in or has engaged in, conduct that contravenes the BVI Act or the memorandum and articles
of association of the company, the BVI High Court may, on the application of a member or a director of the company, make an order directing
the company or director to comply with, or restraining the company or director from engaging in conduct that contravenes the BVI Act or
the memorandum and articles of association.

Indemnification of Directors and Executive Officers and Limitation of Liability. BVI law does not limit the extent to