PROGRAM OVERVIEW
Effective on 31 January 2017 Companies Act 2016 has repealed Companies Act 1965 (Act 125) (“CA 1965”) and has changed the landscape of company law in Malaysia. This will undoubtedly transform the local corporate landscape and support the ease of doing business in Malaysia.
The Act aims to spur entrepreneurship, deregulate aspects of the corporate process, and introduce the concept of corporate rescue mechanism for ailing companies. This seminar will offer information and insights into the Act that would change the whole landscape of current company laws practices where new procedures and documentations will be used. Though certain simplifications on corporate administration have been introduced, the legal and governance aspects of corporation continue to be high.
10 Key Updates and Latest Changes to the Companies Act via the Companies Amendment Bill 2019
- Section 66 only to apply to specific type of documents
- Redemption of Preference Shares out of capital (Section 72)
- AGM of Public Company: Appointment of Auditor – S.340
- Dismissals of Applications for Judicial Management Order – S.409
- Companies to provide sufficient Security for Costs – S.580A
- Definition of “subsidiary” and “holding company” – Section 4
- Power to alter share capital – Section 84
- Application to disallow variation of class rights – Section 93
- Accounting periods of company within a group – Section 247
- Qualification of liquidator – Section 433
100% HRD Corp Claimable Course: Skim Bantuan Latihan Khas
For more information, please contact the following Program Consultant:
Mr. Azrul / email: azrul@cfrontier.com / Tel: +6088731410
Ms. Tracy / email: tracy@cfrontier.com / Tel: +6088731570
Ms. Emily / email: emily@cfrontier.com / Tel: +6088731412
Ms. Joan / email: joan@cfrontier.com / Tel: +6088731575
