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Company Law

Solvency Statement – Its Significance and Concerns

New Companies Act 2016 started its operation on 31 January 2017. It aims to balance the need to make it easier for companies to do business, while safeguarding the interest of stakeholders. [If you miss out on the write up on the changes introduced by CA 2016, click here to read more]. The introduction of

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Company Law

COMPANIES ACT 2016 : COME INTO OPERATION TODAY (31 JAN 2017)

With the spirit of Chinese New Year holidays thick in the air, TODAY is the FIRST DAY OF OPERATION for the NEW COMPANY LAW. THE Companies Act 2016 (Act 777) will come into operation from 31 January 2017. On the 26.1.2017, the long-awaited P.U. (B) 50/2017 with its title APPOINTMENT OF DATE OF COMING INTO OPERATION

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Company Law

Company Law 2016 : Operate on 31st January 2017 onwards

THE Companies Act 2016 (Act 777) and The Companies Commission (Amendment) Malaysia Act will come into operation on 31 January 2017. Despite Companies Act 2016 received Royal Assent on 31 August 2016 (gazetted on 15 September 2016), the Act did not state what is the implementation date. SSM side however has mentioned in press release that it will be implemented

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Company Law

COMPANIES ACT 2016 : GAZETTED FINALLY !

Further to the latest news reporting by SSM, Datuk Zahrah (CEO of SSM) stated that the New Companies Act will be implemented in stages in NEXT YEAR (2017). The Bill has finally turn into a LAW now ! Last 15th September 2016 marked an important mile stone in the development for Business Administration for companies in Malaysia. Further to the passing of the Companies Bill in

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Company Law

Company Law 2016 : Take Effect Next Year

CONFIRMED NEW COMPANIES ACT TO BE IMPLEMENTED IN 2017! Based on latest news reporting by SSM, Datuk Zahrah (CEO of SSM) stated that the New Companies Act will be implemented in stages in NEXT YEAR (2017). As we enter last month of the third quarter, for those who are still unaware of the revolutionary changes brought about by the New Companies Act, it is time to START

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Company Law

Companies Bill 2015 [ PART III ] : New Rule On Dividend Distribution

Further to our email sent last month summarising Key Changes Affecting Directors & Shareholders (Click here to read Part II, if you miss out on that).  This week we look into the changes affecting profit distribution by company, ie. DIVIDEND DISTRIBUTION.  [UPDATE: The Bill has received Royal Assent on 31 August 2016 and has been gazetted on 15 September 2016 as the

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Company Law

Dewan Negara : Approved Companies Bill 2015

The Companies Bill 2015 has been debated and approved by Dewan Negara. We will see a brand new Company Law in 2016.  It is time to look into what are the changes in Company Law and be prepared for it. Click here to read more. KUALA LUMPUR (28.4.2016): The Dewan Negara today passed the Companies Bill 2015 which was

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Company Law

Companies Bill 2015 [ Part 1] : Summary of Obsolete Concept

On 4th April 2016, Companies Bill 2015 was passed at Dewan Rakyat. It is time we start to take a serious look into what this HUGE WAVES of change is all about and what you have to do or know about it. Since Companies Act 1965 (CA 1965) was a COMPLETE CHANGE, this would simply

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Company Law

Par or No Par Value Shares : What is the significance ?

One of the key changes in the recently passed Companies Bill 2015 is on par value of shares. CHANGE IN COMPANY LAW Existing : Shares of Malaysian companies are currently issued with a par/nominal value. NEW : The Bill introduces a no-par value regime where all new shares issued by a company shall have no par/nominal value.

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