companies act 2016 - cheng & co

ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia

@2016 Cheng & Co. All rights reserved.

PARTNERSHIPS ACCREDITATION

中国建筑珠江（马来西亚）有限公司报价提案

COMPANIES ACT 2016





MINIMUM DIRECTORS AND MEMBERS

Sdn. Bhd.

Minimum

• Directors :

• Individual

Members :

COMPANIES ACT 1965 COMPANIES ACT 2016

2 1





HIGHER PENALTY

• Penalty :

• Imprisonment :

COMPANIES ACT 2016

3 – 5 years

RM25 k – RM3 mil





CONSTITUTION IS NOT NECESSARY


CONSTITUTION





COMMON SEAL IS NOT NECESSARY


As a result of no constitution,

But when doing transactions like purchasing of land, COMMON SEAL is still required!!!





SHARE CERTIFICATE IS OPTIONAL

COMPANIES ACT 1965 COMPANIES ACT 2016As a result of no constitution,





X PAR VALUE OF SHARES COMPANIES ACT 1965 COMPANIES ACT 2016

As a result of no constitution,

No more AUTHORISED SHARE CAPITAL & SHARE PREMIUM

PAR VALUE PAR VALUE





REGISTER OF MEMBERS

COMPANIES ACT 2016

• As a result of no share certificate,

Register of Members is the prima facie evidence





NOTICE OF REGISTRATION


FORM 9 – CERTIFICATE OF INCORPORATION

FORM 9 – CERTIFICATE OF INCORPORATION

NOTICE OF REGISTRATION

Replaced by

NO CHARGE WITH CHARGES





ANNUAL GENERAL MEETING


SAVE COST

For Sdn. Bhd.





SOLVENCY STATEMENT COMPANIES ACT 2016

SOLVENCY STATEMENT

Reduction of Capital

Redemption of preference

shares

Share Buyback

Financial assistance to buy shares by – unquoted corporation

Directors have to access the solvency statement before signing. If signed without reasonable ground, subject to imprisonment and penalty!





PUBLICATION OF NAMECOMPANIES ACT 2016

• Shall display its registered name and company registration number at:

• Its registered office

• Every place where its business operates

• Every place where its books are kept.

Shall disclose its registered name and company registration number at: • Business letters, official publications

including electronic forms• Websites• Cheques• Invoices• All other forms of its business

correspondence and documentation





Annual Return & Auditor ReportCOMPANIES ACT 2016

• Lodged within 30 days from the anniversary of incorporation date

• Lodged within 6 months from the end of financial year

Annual Return Audited Report

companies act 2016 - cheng & co

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