Malaysian Companies Act 2016

Nor azimah abdul aziz deputy ceo regulatory enforcement companies commission of malaysia.

Malaysian companies act 2016. These typographical revisions were made under the powers of the revision of laws act 1968. Under ca 2016 this is governed by sections 131 133. An act to provide for the registration administration and dissolution of companies and corporations and to provide for related matters. 1 this act may be cited as the companies act 2016.

Enacted by the parliament of malaysia as follows. S 131 states that a company may only make a. It is through this act that the companies in malaysia followed the prior rules and regulations. The malaysian companies act 1965 was very famous.

This article will provide an overview of the ca 2016. The ca 2016 reformed almost all aspects of company law in malaysia. The company secretary s registration with the registrar of companies. Minimum number of members.

Short title and commencement. Tightening or relaxing the. And the corporate rescue mechanisms. Faqs on the companies act 2016 act 777 background to the review process and new malaysian companies act faqs on the companies amendment bill 2019 documents to be lodged with the registrar for execution by directors officers or members of a company under the companies act 2016.

Then it is known that the companies act changed from 1965 to 2016. The companies commission of malaysia ssm has made an important announcement that the companies act 2016 act 777 has been reprinted as at 1 november 2018 with certain minor revisions. Ca 2016 s 618 3 allows companies a twenty four month. The companies act 2016 ca 2016 repealed the companies act 1965 ca 1965 and changed the landscape of company law in malaysia.

For the purposes of this division approved accounting standards has the meaning assigned to it in section 2 of the financial reporting act 1997 subsidiary except for section 246 has the meaning assigned to it in the approved accounting standards issued by the malaysian accounting standards board established under the financial reporting act 1997. Highlights of the companies act 2016 by. The companies act 2016 came into force in malaysia on january 31 2017. Companies commission of malaysia.

Effectively all companies in malaysia will now have to operate under the companies act. The malaysian companies act 2016 came into function after 31 st january. The companies act has been newly formed from 1965 to 2016.