The Companies Act 2016 and Companies Regulations 2017 (“new Act”) have mostly come into force as of 31 January 2017. The new Act aims to reduce the cost of doing business in Malaysia while increasing protection for stakeholders of a company. As part of this objective, the incorporation pro...
On 19 April 2019, the Companies Commission of Malaysia (“”). Guidelines on application by directors or members to strike off the name of a company under section 550 of the Companies Act 2016: Pursuant to section 549(a) of the...
A director has primary responsibility to manage the affairs of the company and has both the fiduciary duties and statutory duties to act in the best interests of the company. The duties of a director originate from many sources including the common law, t...
An application of Registration of a company in Malaysia asks for a fee of RM1200. Under the new Companies Act 2016, an applicant has to pay this to the SSM. However, under the old Companies Act 1965, each incorporation application accompanied by the payment as per the following schedule: T...
The new Companies Act will undoubtedly transform Malaysia’s corporate landscape. Underpinning the changes are the aims of spurring entrepreneurship, making the corporate vehicle more attractive for businesses, deregulating certain aspects of the corporate process, and to introduce the concept of corporate...
The Company's nature of operations is to act as a special purpose acquisition company. 2. ACCOUNTING POLICIES Basis of preparation The interim condensed unaudited financial statements for the period ended 30 September 2023 have been prepared in accordance with IAS 34 Interim Financial Reporting. The...
consolidation, integration - the act of combining into an integral whole; "a consolidation of two corporations"; "after their consolidation the two bills were passed unanimously"; "the defendants asked for a consolidation of the actions against them" 2. incorporation - learning (of values or atti...
When an investorregisters a company in Thailandthen the business must provide an address from this country. According to the Thai Foreign Business Act, even if you don’t intend to start a new business in this country, but only to open a representative office or abranch, at registration, yo...
Relations Newsroom Ethics Samsung Design Business Area Brand Identity Careers Company Info. Our mission & values Our promise to perform responsibly as a leading, global company. Samsung is committed to complying with local laws and regulations as well as applying a strict global code of conduct to...
Company directors (Malaysia & Singapore) : an indepth study of their rights, duties, responsibilities, rewards and liabilities Section (hereafter 'section' or 's') 172(1) of the CA 2006 requires a director of a company to act "in the way he considers, in good faith, would be most like...