COMPANIES ACT 2016 (ACT 777), REGULATIONS & RULES (AS AT 5TH MAY 2019)

Under the Companies Act 2016, a company incorporated is not required to have a crafted/formal constitution. Under the previous Companies Act 1965, all companies' constitution are crafted by the promoters/company secretary and mostly adopted the form under Third Schedule (Memorandum of Associati...

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Bibliographic Details
Corporate Author: Malaysia Legal Research Board (Compiler)
Format: Book Chapter
Language:English
Published: Petaling Jaya, Selangor International Law Book Services 2019
Series:Laws of Malaysia
Subjects:
Online Access:Click Here to View Status and Holdings.
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Summary:Under the Companies Act 2016, a company incorporated is not required to have a crafted/formal constitution. Under the previous Companies Act 1965, all companies' constitution are crafted by the promoters/company secretary and mostly adopted the form under Third Schedule (Memorandum of Association) or Fourth Schedule (Table A/Articles of Association). The new Act intends to modernize and simplify the workings of companies. As such, having a formal constitution is now optional so long as the provisions of the Companies Act 2016 is adhered to. Essentially, the Companies Act 2016 is sufficient to regulate the operations of a company without a crafted "constitution".
Physical Description:660 pages 24 cm
ISBN:9789678927833