Company Act 2017 Malaysia
This article will provide an overview of the ca 2016.
Company act 2017 malaysia. Following last tuesday s announcement by the companies commission of malaysia ccm the first phase of the ca 2016 and the companies regulations 2017 cr 2017 have now taken effect. B payment by cheque made payable to or to the order of the employee. Companies commission of malaysia. To ensure that our corporate regulatory regime continues to stay robust and supports singapore s growth as a global hub for businesses and investors the ministry of finance mof and acra conducted a review of the companies act in 2016.
Minimum number of members. Companies act 2016 and companies regulations 2017. Exclusion of corporations and companies 122. The entire companies act 2016 will come into operation except for the sections on.
A payment into an account at a bank or a finance company licensed under the banking and financial institutions act 1989 in any part of malaysia being an account in the name of the employee or an account in the name of the employee jointly with one or more other persons. The companies commission of malaysia ssm has announced that the companies act 2016 will be brought into force in stages starting from 31 january 2017. Companies act 2017 rules and regulations associations with charitable not for profit objects licensing corporate governance regulations 2017 issued notified for public opinion the limited liability partnership regulations 2017 the companies incorporation regulations 2017 the intermediaries registration regulations 2017 circulars notifications circular 15 of 2017 exemption from. The ca 2016 reformed almost all aspects of company law in malaysia.
The companies act 2016 ca 2016 repealed the companies act 1965 ca 1965 and changed the landscape of company law in malaysia. Laws of malaysia act 360 insolvency act 1967 arrangement of sections preliminary section 1. Almost all of the provisions of the new act will be brought into force on 31 january 2017. The gazette notice has been issued.
Administration in bankruptcy of estate of person dying insolvent general rules. And 2 the corporate rescue mechanisms. It is now confirmed through the gazette notice the companies act 2016 will come into force on 31 january 2017. 14 laws of malaysia act 360.
Companies amendment act 2017 limited liability partnerships amendment act 2017.