Companies Act 2016
COMPANIES ACT 2016
AKTA SYARIKAT 2016
Act 777 · consolidated to 1 Aug 2022 · 621 pp
Socio-economic rights
This copy of the Act is 4 years old. Any amendment made since 1 August 2022 is not in this text. Check the AGC record for later amendments.
What this does to artists
The vehicle statute. Sdn Bhd for a production company or label, and the company limited by guarantee in s.45 for an arts non-profit. It is the form ALIM intends to take.
Watch this
A CLBG needs the Minister's licence under s.45 to drop 'Berhad', and it cannot pay dividends. That is the trade-off for the charitable form.
What to read first
Section numbers read out of the AGC text itself
s.10Types of companies
s.12Prohibition on companies limited by guarantee with a share capital
s.45Company limited by guarantee
s.213Duties and responsibilities of directors
s.50Register of members
s.31Constitution of a company
Where this one bites
Scenario
Sell merch, prints or downloads online
The moment you take money online you are a seller, and there is a disclosure rule almost no artist store compl…
ScenarioRun an arts organisation or collective
A collective that never chose a vehicle is already a partnership, with liabilities it never agreed to.…
Full arrangement of sections 613 sections · show / hide
Extracted from the AGC PDF on this page.
s.1Short title and commencement
s.3Definition of “corporation”
s.4Definition of “subsidiary and holding company”
s.5Definition of “ultimate holding company”
s.6Definition of “wholly-owned subsidiary”
s.7When corporations deemed to be related to each other
s.8Interests in shares
s.9Essential requirements of a company
s.10Types of companies
s.11Private or public company
s.12Prohibition on companies limited by guarantee with a share capital
s.13Prohibition for unincorporated associations, etc. Incorporation and Its Effects
s.14Application for incorporation
s.15Registration for incorporation
s.16Power to refuse registration of incorporation
s.17Certificate of incorporation
s.18Effect of incorporation
s.19Notice of registration as conclusive evidence
s.20Separate legal entity
s.21Companies have unlimited capacity Restriction on Subsidiary Being Member of Its Holding Company
s.22Membership of holding company
s.23Subsidiary acting as a participating dealer
s.24Protection of third parties in other cases where a subsidiary acts as a dealer in securities Name of Company
s.25Name of company
s.26Availability of name
s.27Confirmation of availability and reservation of name
s.28Change of name
s.29Power of Registrar to direct a change of name
s.30Publication of name
s.31Constitution of a company
s.32Company may adopt a constitution
s.33Effect of constitution
s.34Form of constitution
s.35Contents of a company’s constitution
s.36Company may alter or amend constitution
s.37Court may alter or amend constitution
s.38Company limited by guarantee shall have a constitution
s.39Non-application of doctrine of constructive notice
s.40Conversion from an unlimited company to a limited company
s.41Conversion from public companies to private companies or private companies to public companies
s.42Private companies
s.43Prohibition of private companies to offer shares or debentures or invite to deposit money
s.44Offer to the public
s.45Company limited by guarantee
s.46Registered office and office hours
s.47Documents to be kept at registered office
s.48Inspection of documents and records kept by company
s.49Forms of documents and other means for recording of documents
s.50Register of members
s.51Duty to notify of particulars and changes in the register of members
s.52Index of members of company
s.53Branch register of members
s.54Place where register of members and index to be kept
s.55Inspection and closing of register of members and index
s.56Power of company to require disclosure of beneficial interest in its voting shares
s.57Register of directors, managers and secretaries
s.58Duty to notify of particulars and changes of director, manager and secretary
s.59Register of directors’ shareholdings, etc
s.60Register of debenture holders and copies of trust deed
s.61Company seals
s.62Official seal for use abroad
s.63Official seal for share certificates, etc
s.64Company contracts
s.65Pre-incorporation contract
s.66Execution of documents
s.67Execution of deeds
s.68Duty to lodge annual return
s.69Types of shares
s.70Nature of shares
s.71Rights and powers attached to shares
s.72Preference shares
s.73Prohibition to issue bearer’s share warrants
s.74No par value shares
s.75Exercise of power of directors to allot shares or grant rights
s.76Allotment of shares or grant of rights with company approval
s.77Registration of allotment in the register of members
s.78Return of allotment
s.79General prohibition of commissions, discounts and allowances
s.80Permitted commissions
s.81Differences in calls and payments, etc
s.82Calls on shares
s.83Forfeiture of shares
s.84Power of company to alter its share capital
s.85Pre-emptive rights to new shares
s.86Conversion of shares into stock
s.87Rights and privileges of stockholders
s.88Rights attached to shares
s.89Classes of shares
s.90Description of shares of different classes
s.91Variation of class rights
s.92Notifying shareholders of variation
s.93Disallowance or confirmation of variation by Court
s.94Delivery of order of Court to Registrar
s.95Notifying Registrar of variation
s.96Variation includes abrogation Share Certificate, Title, Transfer and Transmission
s.97Issuance of share certificate
s.98Application for issuance of share certificate
s.99Delivery of share certificate
s.100Numbering of shares
s.101Registration of members constitute as evidence of legal title
s.102Duty of secretary to enter issuance and transfer of shares in the register of members
s.103Rectification
s.104Loss or destruction of certificates
s.105Requirement for instrument of transfer
s.106Registration of transfer or refusal of registration
s.107Order of Court for registration
s.108Validation of shares improperly issued
s.109Registration of transmission of shares or debentures
s.110Limitation of liability of trustee, etc., registered as owner of shares
s.111Lien on shares Solvency Statement
s.112Solvency test
s.113Solvency statement
s.114Offences regarding solvency statement Reduction of Share Capital
s.115Company may reduce its share capital
s.116Reduction of share capital by Court
s.117Reduction of share capital by private or public company
s.118Creditor’s right to object to the reduction of the share capital by the company
s.119Position at end of period for objection by creditor
s.120Power of Court in relation to objection by creditor
s.121Offences for making groundless or false statements
s.122Liability of members on reduced shares
s.123Financial assistance by a company in dealings in its shares, etc
s.124Consequences of failing to comply with this Subdivision
s.125General exceptions
s.126Financial assistance not exceeding ten per centum of shareholders’ funds
s.127Purchase by a company of its own shares, etc
s.128Options to take up unissued shares
s.129Register of options to take up unissued shares in a company
s.130Power of company to pay interest out of capital in certain cases
s.131Distribution out of profit
s.132Distribution only if company is solvent
s.133Recovery of distribution
s.134Application and interpretation
s.135Persons obliged to comply with Subdivision
s.136Substantial shareholdings and substantial shareholders
s.137Substantial shareholder to notify company of his interests
s.138Substantial shareholder to notify company of change in his interests
s.139Person who ceases to be substantial shareholder to notify company
s.140References to operation of interests in shares
s.141Copy of notice to be served on the Registrar
s.142Notice to non-residents
s.143Registrar may extend time for giving notice under this Subdivision
s.144Company to keep and maintain register of substantial shareholders
s.145Powers of Court with respect to defaulting substantial shareholders
s.147Depositor deemed to be member
s.148Transfer of securities is by way of book entry
s.149Rectification of record of depositors
s.150Non-application of section 472 to disposition made by way of book entry
s.151Exemption from this Subdivision
s.152Application of Subdivision
s.153Power of Minister to exempt the application of Subdivision
s.154Requirement to register and lodge prospectus
s.155Registration of prospectus
s.156Refusal to register a prospectus
s.157Keeping of documents relating to prospectus
s.158Invitations to the public to lend money to or to deposit money with a corporation
s.159Form and content of prospectus
s.160Consent from person to issue prospectus containing his statement
s.161Relief from requirements as to form and content of prospectus
s.162Retention of over-subscription in issuance of debenture
s.163Certain advertisements deemed to be prospectuses
s.164Document containing offer of shares for sale to be deemed prospectus
s.165Information memorandum deemed to be prospectus
s.166Supplemental prospectus or replacement prospectus
s.167Civil liability for misstatement in prospectus
s.168Criminal liability for misstatement in prospectus
s.169Persons not to be taken to have authorized or caused issue of prospectus
s.170Stop order
s.171Application of Subdivision
s.172Specific performance of contracts
s.173Perpetual debentures
s.174Power to re-issue redeemed debentures
s.175Deposit of debentures to secure advances
s.176Qualifications of trustee for debenture holders
s.177Duties of trustee
s.178Retirement of trustee
s.179Contents of trust deed
s.180Power of Court in relation to certain irredeemable debentures
s.181Power of trustee to apply to Court for directions, etc
s.182Obligations of borrowing corporation
s.183Obligation of guarantor corporation to furnish information
s.184Loans and deposits to be immediately refundable on certain events
s.185Liability of trustee for debenture holders
s.186Prohibition of allotment unless minimum subscription received
s.187Application for moneys to be held in trust until allotment
s.188Restriction on allotment in certain cases
s.189Requirements as to statements in lieu of prospectus
s.190Restrictions on commencement of business in certain circumstances
s.191Restriction on varying contracts referred to in prospectus, etc. Members, Directors and Officers of Companies Members
s.192Liability of members
s.193Liability for calls and forfeiture
s.194Shareholders not bound to acquire additional shares by alteration to constitution
s.195Members’ rights for management review Directors
s.196Directors of company
s.197Persons connected with directors
s.198Persons disqualified from being a director
s.199Power of Court to disqualify persons from acting as director or promoter
s.200Power of Registrar to remove name of disqualified director
s.201Directors’ consent required
s.202Named directors and subsequent directors
s.203Appointment of directors of public company to be voted on individually
s.204Validity of acts of directors and officers
s.205Retirement of directors
s.206Removal of directors
s.207Right to be heard for directors of public company against removal
s.208Vacation of office of director
s.209Resignation, vacation or death of sole director or last remaining director Directors’ Duties and Responsibilities
s.211Functions of Board
s.212Proceedings of Board
s.213Duties and responsibilities of directors
s.214Business judgment rule
s.215Reliance on information provided by others
s.216Responsibility for actions of delegatee
s.217Responsibility of a nominee director
s.218Prohibition against improper use of property, position, etc
s.219General duty to make disclosure
s.220Effect of other rules of law on duties of directors
s.221Disclosure of interest in contracts, proposed contracts, property, offices, etc
s.222Interested director not to participate or vote
s.223Approval of company required for disposal by directors of company’s undertaking or property
s.224Loans to director
s.225Prohibition of loans to persons connected with directors
s.226Prohibition of tax free payments to directors
s.227Payment to directors for loss of office, etc
s.228Transactions with directors, substantial shareholders or connected persons
s.229Exception to section
s.230Approvals for fees of directors
s.231Directors’ service contracts
s.232Copy of contracts to be available for inspection
s.233Right of member to inspect and request copy
s.234Contract with sole member who is also a director Secretary
s.235Requirement for a secretary
s.236Appointment of a secretary
s.237Resignation of a secretary
s.238Disqualification to act as a secretary
s.239Removal of a secretary
s.240Office of secretary shall not be left vacant
s.241Requirement to register with Registrar
s.242Prohibition to act in dual capacity Divisions 3 Accounts and Audit Financial Statements and Report
s.244Compliance with approved accounting standards
s.245Accounts to be kept
s.246System of internal control
s.247Accounting periods of companies within the same group
s.248Directors shall prepare financial statements
s.249General requirements for financial statements
s.250Subsidiaries to be included in consolidated financial statements
s.251Financial statements to be approved by the Board
s.252Directors shall prepare directors’ report
s.253Contents of directors’ report
s.254Form and content of directors’ report and financial statement of a banking corporation, etc
s.255Relief from requirements as to form and content of financial statements and directors’ report
s.256Power of Registrar to require a statement of valuation of assets
s.257Duty to circulate copies of financial statements and reports
s.258Time allowed for sending out copies of financial statements and reports
s.259Duty to lodge financial statements and reports with the Registrar
s.260Duty to lodge certificate relating to exempt private company
s.261Auditor’s statements Auditors
s.262Definition of “outgoing auditor”
s.263Company auditors to be approved by Minister charged with responsibility for finance
s.264Company auditors
s.265Registration of firms of auditors
s.266Powers and duties of auditors
s.267Appointment of auditors of private company
s.268Power of Registrar to appoint auditors of private company
s.269Term of office of auditors of private company
s.270Prevention by members of deemed re-appointment of auditor
s.271Appointment of auditors of public company
s.272Power of the Registrar to appoint auditors of public company
s.273Term of office of auditors of public company
s.274Fixing of auditor’s remuneration
s.275Obligation to furnish particulars of payment made to auditors
s.276Resolution to remove auditor from office
s.277Special notice required for resolution to remove auditor from office
s.278Notice to Registrar of resolution to remove auditor from office
s.279Procedure to appoint auditor by written resolution
s.280Procedure to appoint auditor at a meeting of members
s.281Resignation of auditor
s.282Notice of resignation of auditor to Registrar
s.283Rights of resigning auditor of a public company
s.284Duty to inform upon cessation of office
s.285Attendance of auditors at general meetings where financial statements are laid
s.286Auditor and other person to enjoy qualified privilege in certain circumstances
s.287Duties of auditors to trustee for debenture holders Indemnity and Insurance for Officers and Auditors
s.288Provisions indemnifying directors or officers
s.289Indemnity and insurance for officers and auditors
s.290Passing a resolution
s.291Ordinary resolutions
s.292Special resolutions
s.293General rules on voting
s.294Votes by proxy
s.295Votes of joint holders of shares
s.296Right to object to a person’s entitlement to vote Written Resolutions of Private Companies
s.297Written resolutions of private companies
s.298Eligibility of members to receive written resolution
s.299Circulation date
s.300Manner in which a written resolution to be circulated
s.301Circulation of written resolutions proposed by directors
s.302Members’ power to require circulation of written resolution
s.303Circulation of written resolution proposed by members
s.304Expenses of circulation
s.305Application not to circulate a member’s written resolution
s.306Procedure for signifying agreement to written resolution
s.307Period for agreeing to written resolution
s.308Sending of documents relating to written resolutions by electronic means Passing Resolutions at Meetings of Members
s.309Resolutions at meetings of members
s.310Power to convene meetings of members
s.311Power to require directors to convene meetings of members
s.312Directors’ duty to call meetings required by members
s.313Power of members to convene meeting of members at company’s expense
s.314Power of Court to order meeting
s.315Resolution passed at adjourned meeting Notice of Meetings
s.316Notice required for meetings of members
s.317Contents of notices of meetings of members
s.318Notice of adjourned meetings of members
s.319Manner in which notice to be given
s.320Notification of publication of notice of meeting on website
s.321Persons entitled to receive notice of meetings of members
s.322Resolution requiring special notice
s.323Power of members to require circulation of statements
s.324Director’s duty to circulate members’ statement
s.325Power of Court to order non-circulation of members’ statement
s.326Sending documents relating to a meeting by electronic means
s.327Meetings of members at two or more venues
s.328Quorum at meetings
s.329Chairperson of meetings of members
s.330Declaration by chairperson on a show of hands
s.331Right to demand a poll
s.332Voting on a poll
s.333Representation of corporations at meetings of members
s.334Appointment of proxies
s.335Notice of meetings of members to contain statement of rights to appoint proxies
s.336Proxy as a chairperson of a meeting of members
s.337Right of proxy to demand for a poll
s.338Termination of a person’s authority to act as a proxy
s.339Application to class meetings
s.340Annual general meeting
s.341Records of resolutions and meetings
s.342Inspection of records of resolutions and meetings
s.343Records as evidence of resolutions
s.344Details of decisions provided by a sole member
s.346Remedy in cases of an oppression
s.347Derivative proceedings
s.348Leave of Court
s.349Effect of ratification
s.350Powers of the Court
s.351Injunction
s.352Registration of charges
s.353Types of charges require registration
s.354Registration of charges created over property outside Malaysia
s.355Registration of charges in series of debentures
s.356Duty of company to register charges existing on property acquired
s.357Register of charges to be kept by Registrar
s.358Endorsement of certificate of registration on debentures
s.359Assignment and variation of charge
s.360Satisfaction and release of property from charge
s.361Extension of time and rectification of register of charges
s.362Company to keep instruments of charges and register of charges
s.363Documents made out of Malaysia
s.364Application of this Subdivision to foreign company Arrangements and Reconstruction
s.366Power of Court to order compromise or arrangement with creditors and members
s.367Power of Court to appoint an approved liquidator
s.368Power of Court to restrain proceedings
s.369Information as to compromise or arrangement with creditors and members
s.370Reconstruction and amalgamation of companies
s.371Right of offeror to buy out Receivers and Receivers and Managers
s.372Qualification for appointment of receiver or receiver and manager
s.373Disqualification for appointment as receiver or receiver and manager
s.374Appointment of receiver or receiver and manager
s.375Appointment of receiver or receiver and manager under instrument
s.376Appointment of receiver or receiver and manager by Court
s.377Notice of appointment of receiver or receiver and manager
s.378Vacancy in office of receiver or receiver and manager
s.379Notice of cessation of office
s.380Statement relating to appointment of receiver or receiver and manager
s.381Liability of receiver or receiver and manager
s.382Liability for contract
s.383Power of receiver or receiver and manager
s.384Application to Court for directions
s.385Appointment of liquidator as receiver or receiver and manager in cases of winding up
s.386Powers of receiver or receiver and manager on liquidation
s.387Power of Court to fix remuneration of receiver or receiver and manager
s.388Provisions as to information if receiver or receiver and manager appointed
s.389Obligations of company and directors to provide information to receiver or receiver and manager
s.390Submission of statement of affairs
s.391Lodging of accounts of receiver or receiver and manager
s.392Payments of certain debts subject to floating charge in priority to claims under charge
s.393Enforcement of duty of receiver or receiver and manager, etc., to make returns
s.394Corporate Voluntary Arrangement
s.395Non-application of this Subdivision
s.396Persons who may propose voluntary arrangement
s.397Proposal for voluntary arrangement
s.398Moratorium
s.399Summoning of meetings
s.400Decisions of meetings
s.401Implementation of proposal
s.402Arrangements coming to an end prematurely Judicial Management
s.403Non-application of this Subdivision
s.404Application to Court for a company to be placed under judicial management and for appointment of a judicial manager
s.405Power of Court to make a judicial management order and appoint a judicial manager
s.406Duration of judicial management order and its extension
s.407Nomination of judicial manager
s.408Notice of application for judicial management order
s.409Dismissal of application for judicial management order
s.410Effect of application for a judicial management order
s.411Effect of judicial management order
s.412Notification that a company is under judicial management order
s.413Vacancy in appointment of judicial manager
s.414General powers and duties of judicial manager
s.415Power to deal with charged property, etc
s.416Agency and liability for contracts
s.417Vacation of office and release
s.418Information to be given by and to judicial manager
s.419Company’s statement of affairs
s.420Statement of proposals
s.421Consideration of proposals by creditors’ meeting
s.422Committee of creditors
s.423Duty to manage company’s affairs, etc., in accordance with approved proposals
s.424Duty to apply for discharge of judicial management order
s.425Protection of interests of creditors and members
s.426Undue preference in judicial management
s.427Delivery and seizure of property
s.428Duty to co-operate with judicial manager
s.429Inquiry into company’s dealings, etc
s.430Application of provisions of winding up of a company under judicial management
s.431Application of winding up provisions
s.432Modes of winding up
s.433Qualification of liquidator
s.434Government bound by certain provisions Contributories
s.435Liability as contributories of present and past members
s.436Nature of liability of contributory
s.437Contributories in the case of death of member
s.438Contributories in case of bankruptcy of member Voluntary Winding Up
s.439Circumstances in which company may be wound up voluntarily
s.440Interim liquidators
s.441Date of commencement of winding up
s.442Effect of voluntary winding up
s.443Declaration of solvency
s.444Distinction between “members” and “creditors” voluntary winding up Members’ Voluntary Winding Up
s.445Appointment and removal of liquidator
s.446Power to fill vacancy in office of liquidator
s.447Duty of liquidator to call for creditors’ meeting in case of insolvency
s.448Conversion to creditors’ voluntary winding up
s.449Meeting of creditors
s.450Liquidators in creditors voluntary winding up
s.451Property and proceedings
s.452Distribution of property of company
s.453Appointment or removal of liquidator by Court
s.454Remuneration of liquidators in voluntary winding up
s.455Act of liquidator valid, etc
s.456Powers of liquidator in a voluntary winding up
s.457Power of liquidator to accept shares, etc., as consideration for sale of property of company
s.458Annual meeting of members and creditors
s.459Final meeting and dissolution
s.460Arrangement binding on creditors
s.461Application to Court to have questions determined or powers exercised
s.462Costs
s.463Limitation on right to wind up voluntarily
s.464Petition of winding up
s.465Circumstances in which company may be wound up by Court
s.466Definition of “inability to pay debts”
s.467Commencement of winding up by the Court
s.468Payment of preliminary costs by petitioner
s.469Powers of Court on hearing petition for winding up
s.470Power of Court to stay or restrain proceedings against company prior to order of winding up
s.471Action or proceeding stayed after winding up order
s.472Avoidance of dispositions of property or certain attachment, etc
s.473Petition to be lis pendens
s.474Lodgement of winding up order
s.475Effect of winding up order
s.476Interim liquidator
s.477Appointment, style, etc., of liquidators
s.478Appointment of other person as liquidator other than Official Receiver
s.479Remuneration of liquidators in winding up by Court
s.480Control of approved liquidator by Official Receiver
s.481Control of Official Receiver by Minister
s.482Resignation or removal of liquidator in winding up by Court
s.483Custody and vesting of company’s property
s.484Submission of statement of affairs of company
s.485Report by liquidator
s.486Powers of liquidator in winding up by Court
s.487Exercise and control of liquidator’s powers
s.488Liquidator to pay moneys received into bank account
s.489Settlement of list of contributories and application of assets
s.490Release of liquidators and dissolution of company
s.491Orders of release or dissolution
s.492Power of Court to stay winding up
s.493Power of Court to terminate winding up
s.494Matters relating to stay and termination of winding up
s.495Debts due by contributory to company and extent of set off
s.496Power of Court to make calls
s.497Payment of moneys due to company into named bank
s.498Order on contributory conclusive evidence
s.499Appointment of special manager
s.500Claims of creditors and distribution of assets
s.501Inspection of books and papers by creditors and contributories
s.502Power to summon persons connected with company
s.503Power to order public examination of promoters, directors, etc
s.504Power to arrest absconding contributory
s.505Delegation of powers of Court to liquidator
s.506Powers of Court cumulative Provisions Applicable to Every Winding Up General
s.507Investment of surplus funds on general account
s.508Unclaimed assets to be paid to receiver of revenue
s.509Books and papers to be kept by liquidator
s.510Control of Court over liquidators
s.511Delivery of property to liquidator
s.512Powers of Official Receiver where no committee of inspection
s.513Notice of appointment and address of liquidator
s.514Liquidator’s accounts
s.515Liquidator to make good defaults
s.516Notification that a company is in liquidation
s.517Appeal against decision of liquidator
s.518Books and papers of company
s.519Expenses of winding up where assets insufficient
s.520Resolutions passed at adjourned meetings of creditors and contributories
s.521Meetings to ascertain wishes of creditors or contributories
s.522Special commission for receiving evidence Proof and Ranking of Claims
s.523Description of debts provable in winding up
s.524Rights and duties of secured creditors
s.525Rights and duties of unsecured creditors
s.526Mutual credit and set off
s.527Priorities Effect on Other Transactions
s.528Undue preference
s.529Effect of floating charge
s.530Liquidator’s right to recover in respect of certain sales to or by company
s.531Disclaimer of onerous property
s.533Restriction of rights of creditor as to execution or attachment
s.534Duties of bailiff as to goods taken in execution
s.535Power of Court to declare dissolution of company void Offences
s.536Offences by officers of companies in liquidation
s.537Inducement to be appointed as liquidator, etc
s.538Falsification of books, etc
s.539Liability where proper accounts not kept
s.540Responsibility for fraudulent trading
s.541Power of Court to assess damages against delinquent officers, etc
s.542Prosecution of delinquent officers and members of company Winding Up of Unregistered Companies
s.543Provisions of Division cumulative
s.544Unregistered company
s.545Winding up of unregistered companies
s.546Contributories in winding up of unregistered company
s.547Power of Court to stay or restrain proceedings
s.548Outstanding assets of a dissolved unregistered company Striking Off and Management of Assets of Dissolved Companies Striking Off
s.549Power of Registrar to strike off company
s.550Application to strike off company
s.551Notice of intention to strike off company
s.552Objection to striking off
s.553Withdrawal of striking off application
s.554Effect of striking off
s.555Power of Court to reinstate struck off company into register Management of Assets of Dissolved Companies
s.556Power of Registrar to represent dissolved company in certain circumstances
s.557Outstanding assets of dissolved or struck off company to vest in Registrar
s.558Disposal of outstanding interests in property
s.559Liability of Registrar and Government as to property vested in Registrar
s.560Accounts and audit
s.561Prohibition on carrying on business in Malaysia
s.562Registration of foreign companies
s.563Requirement for foreign companies to have agent
s.564Name of foreign company and its publication
s.565Obligation to state name of foreign company, whether limited, and place where incorporated
s.566Requirement to have a registered office
s.567Return to be filed where documents, etc., altered
s.568The branch register
s.569Registration of shares in branch register
s.570Removal of shares from branch register
s.571Index of members, inspection and closing of branch registers
s.572Transfer of shares and rectification
s.573Branch register to be prima facie evidence
s.574Accounts to be kept by foreign companies
s.575Financial statements
s.576Annual return
s.577Service of notice
s.578Cessation of business in Malaysia
s.579Power of foreign companies to hold immovable property Enforcement and Sanctions Enforcement of the Act
s.580As to rights of witnesses to legal representation 580A Security for costs
s.581Power to grant relief
s.582Irregularities in proceedings
s.583Disposal of shares of shareholder whose whereabouts unknown
s.584Furnishing of information and particulars of shareholding
s.585Court may compel compliance
s.586Translations of instruments
s.587Protection to certain officers who make disclosures
s.588General penalty
s.589Proceedings how and when taken
s.590Investigation of affairs of company at direction of Minister General Offences
s.591False and misleading statements
s.592False reports
s.593False report or statement to the Registrar
s.594Fraudulently inducing persons to invest money
s.595Fraud by officer
s.596Restriction on offering shares, debentures, etc., for subscription or purchase
s.597Restriction on the use of words “Limited”, “Berhad” and “Sendirian”
s.598Prosecution of delinquent officers of company General Provisions
s.599Evidentiary value of copies certified by Registrar
s.600Evidence of statutory requirements
s.601Registers and inspection of register
s.602Rectification of registers
s.603Disposal of old records
s.604Electronic lodgement of documents
s.605Issuing document electronically
s.606Electronic information, etc. certified by Registrar admissible in evidence
s.607Enforcement of duty to make returns
s.608Relodging of lost or destroyed documents
s.609Time for lodging documents and extension of time
s.610Particulars and manner of information required to be lodged under this Act
s.611Time for compliance with the requirements under this Act
s.612Methods of communication between company and members
s.613Power to make regulations
s.614Power to impose terms and conditions
s.615Exemption
s.616Rules
s.617Power to amend Schedules Saving and Transitional
s.618Transitional provisions relating to abolition of nominal value
s.619General transitional provisions
s.620Repeal and savings
Who this reaches
Visual artsMusicFilm & TVPerforming artsLiterature, writing & publishingFashion & craftDigital & mediaMuseum & archivingContent creationEverything else
This page is published by ALIM (Art × Law Initiative Malaysia) as general legal information for Malaysia’s creative communities. It is not legal advice. It does not take your circumstances into account, and reading it does not create a solicitor-client relationship with ALIM or with anyone associated with it.
The law changes. Each Act reproduced here is the Attorney General’s Chambers’ consolidated reprint and carries the date it was consolidated to; amendments made after that date do not appear in the text, and the authoritative version of any Malaysian law is the one published in the Federal Gazette. Subsidiary legislation, state enactments and local authority by-laws may also apply to your situation and are largely outside this library.
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