PROGRAM OVERVIEW

The New Companies Act 2016 (the Act) was passed on 15 September 2016 and The Companies Amendment Act 2019 has taken effect in 2020. The Act aims to spur entrepreneurship, deregulate aspects of the corporate process, and introduce the concept of a corporate rescue mechanism for ailing companies. Though certain simplifications on corporate administration have been introduced, the legal and governance aspects of corporation continue to be high.

This online training will provide participants with the latest information, judgements and practical insights relative to the Act that had changed the landscape of current company laws practices. Participants will also gain the opportunity to discuss and learn from ongoing court cases and prosecutions relevant to this act..

10 Key Updates and Latest Changes to the Companies Act via the Companies Amendment Bill 2019

  1. Section 66 only to apply to specific type of documents
  2. Redemption of Preference Shares out of capital (Section 72)
  3. AGM of Public Company: Appointment of Auditor – S.340
  4. Dismissals of Applications for Judicial Management Order – S.409
  5. Companies to provide sufficient Security for Costs – S.580A
  6. Definition of “subsidiary” and “holding company” – Section 4
  7. Power to alter share capital – Section 84
  8. Application to disallow variation of class rights – Section 93
  9. Accounting periods of company within a group – Section 247
  10. Qualification of liquidator – Section 433

LEARNING OUTCOME

  • Insights and understanding on key aspects of the new Companies Act 2016
  • Gain an understanding on roles and duties of the company Directors
  • Introduction of the Solvency Statement for certain transactions
  • New duties and obligations for Auditors and Company Secretaries

NOTE: THIS COURSE IS 100% HRD CORP SBL-KHAS CLAIMABLE

For inquiries, please contact the following Program Consultant:

Ms. Emily / email: emily@cfrontier.com / Tel: +6088731412  

Mr. Azrul / email: azrul@cfrontier.com / Tel: +6088731410  

Ms. Joan / email: joan@cfrontier.com / Tel: +6088731570

Ms. Tracy / email: tracy@cfrontier.com / Tel: +6088731575

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