Companies Act 2016 Malaysia

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.

Companies act 2016 malaysia. The new act will replace the companies act 1965 and is applicable to all companies incorporated under the old act. These typographical revisions were made under the powers of the revision of laws act 1968. 1 this act may be cited as the companies act 2016. Companies act 2016.

Companies act 2016 in malaysia. The malaysian companies act 2016 came into function after 31 st january. Nor azimah abdul aziz deputy ceo regulatory enforcement companies commission of malaysia. The companies act has been newly formed from 1965 to 2016.

Home resources companies act 2106 accounting clauses. Companies act 2106 accounting clauses. Law of malaysia. Companies commission of malaysia.

An act to provide for the registration administration and dissolution of companies and corporations and to provide for related matters. Circumstances and procedures for rectification of documents lodged and registered with the companies commission of malaysia superseded by practice note no 6 2019 pdf. Highlights of the companies act 2016 by. It is through this act that the companies in malaysia followed the prior rules and regulations.

Company statutory declaration in malaysia. Enacted by the parliament of malaysia as follows. For the purposes of this division. The companies act 2016 the act aims to establish a modernised corporate legal framework for businesses in malaysia while enhancing corporate governance that is in line with global practices.

Section 9 b ca 2016 act stipulates that a company shall have one. Then it is known that the companies act changed from 1965 to 2016. This article will provide an overview of the ca 2016. Taking effect on 31st january 2017 the companies act 2016 was established by the companies commission of malaysia ssm to replace the companies act 1965 with several key updates to benefit smes greatly such as lowering the minimum requirements for the company registration of a sdn bhd and simplifying the mandatory compliances that a sdn bhd has to follow.

Short title and commencement. No practice note format. The companies act 2016 ca 2016 repealed the companies act 1965 ca 1965 and changed the landscape of company law in malaysia.