MALAYA CORPORATE LIBRARY
REMOVAL OF DIRECTOR By AZIZAM AZIZAN A Pathway for Director Removal The Companies Act 2016 of Malaysia introduces provisions that govern the removal of directors from both private and public companies. This legal framework, encompassed in Section 206 of the Act, empowers companies to remove directors before the expiration of their term, presenting an avenue […]
Malaysia Digital Economy Corporation (MDEC) is launching a new program for digital professionals all over the world to stay in Malaysia and work remotely under De Rantau program. This program will allow foreigners in I.T field to apply for a long term stay Visa called Professional Visit Pass (Pas Lawatan Ikhtisas PLIK). This will allow […]
If you are planning to open a business in Malaysia as a foreigner, it is a big advantage to your business to apply a nominee director. In this article we will explain the importance to have a nominee director in Malaysia. What is Nominee Director ? Nominee Director is a local individual appointed by the […]
7 THINGS TO CONSIDER BEFORE YOU MAKE AN INVESTMENT DECISION 1. Determine your investment objectives. It is critical to understand what they are and what your risk tolerance is. Determine which product(s) to invest in by being clear about what you want to achieve from your investment. 2. Seek the advice of a licenced […]
INCENTIVES FOR NEW INVESTMENTS A tax incentive is a financial benefit that is given to a company or individual to encourage them to invest in a particular industry. Agribusiness, tourism (including hotels), and approved services are covered, as are R&D, training, and environmental protection. Direct tax incentives provide partial or total exemptions from income tax, […]
LICENSE FOR OIL PALM INDUSTRY The Malaysian Palm Oil Board (MPOB) is the body responsible for the progress and development of the palm oil industry in Malaysia. Where there are some activities to be done under the Malaysian palm oil industry requires a few types of licenses from MPOB. All activities that are registered and […]
Enterprise Registration of Business Act 1965 (ROBA 1965) is the act used by the business operated in West Malaysia including Peninsular Malaysia and Federal Territory while in Sabah and Sarawak, the registration of businesses is accordance to Sabah Trades Licensing Ordinance 1948 and Law of Sarawak 1958 respectively. Business that may be registered under the […]
MOF License The MOF License is a license created to provide opportunities for companies, suppliers and entrepreneurs to obtain projects or tenders from the government. Entities that is eligible to apply the license are Enterprise, LLP and Private companies (Sdn Bhd) that is registered under Companies Commission of Malaysia. An application from individuals will be […]
Apakah Syarikat Induk? Syarikat induk merupakan satu organisasi yang mempunyai kuasa untuk mengawal syarikat lain. Syarikat induk memperoleh kuasa mereka dengan memliki 100% atau lebih daripada separuh daripada saham atau asset syarikat. Syarikat dibawah kelolaan syarikat induk boleh dikelasifikasikan sebagai syarikat subsidiari atau anak syarikat. Syarikat induk tidak menjadi pengeluar, menjual atau menjalankan operasi perniagaan. […]
Reinstatement of a company Based on Section 555 of Companies Act, any person who is not satisfied by the decision of the Registrar to strike off their company, they can apply to the Court to reinstate the name of the company into the register within seven years after the name of the company has been […]
Penukaran Taraf Syarikat daripada Syarikat Persendirian kepada Syarikat Awam Penukaran Taraf Syarikat persendirian kepada Syarikat Awam dibawah Seksyen 41 (2) Akta Syarikat 2016 dimana penukaran itu boleh dilakukan melalui suatu ketetapan khas dan beberapa dokumen sokongan perlu diserah simpan kepada Pendaftar seperti: Notis penukaran dan cadangan nama syarikat yang sesuai setelah penukaran dilakukan Surat penyataan […]
Strike off and Winding up a company For companies that will be winding up, it requires number of procedures that have been set accordance with the Companies Act 2016 There are two ways to close a company: 1. Striking off- Section 550 2. Winding up- Section 431 Striking Off Pursuant to Section 550, subject to […]
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