AGREEMENT TO ASSIGN THE AGREEMENT TO ASSIGN is made the day of 20__ Between [Name] [Identity Number] of [Address] (hereinafter together…
Day: September 20, 2005
Late Delivery of Property – Your Rights As A Purchaser
Your legal rights to sue the developer late delivery of vacant possession – General For residential accommodations (i.e apartments or landed properties), the Sale & Purchase Agreement generally follows a standard format of agreements determined in the Housing Developers…
Foreign Investment Committee
Foreign Investment Committee Key Points to note before you buy a property in Malaysia: 1. The requirement of state consent principally there are two types of state consent. not all properties in Malaysia requires state consent. to note that…
Resolution [Opening of Accounts]
Sample for resolution for opening of an account _______________ Sdn Bhd (company no: ______________ ) Directors Resolutions in writing made this (date) pursuant to Article 81 of the Article of association of the company. Resolved: Opening of bank account: That…
[Member] First Director Annual General Meeting
Management and Formation of Company Sample of a first director’s resolution _______ Sdn Bhd (Comp. No. ________________ ) Notice is hereby given that the First Directors’ Meeting will be held at No. _______ (address) ______ on…
Appointment of Directors
Various Types of Directors in a limited and public company The types of directors can be categories into the following namely executive director, non-executive director or the managing director. We shall not dealt with the obvious reasons into how they…
[Member] Amendment of Articles
Sample – Amendments to the Share Capital and Variation of Rights in the Article of Associations Editorial notes: This would be great for companies who intend to issue out ‘preferential shares’ to new shareholders – particularly internet related companies…
Director – A Bankrupt
Directors’ duties and liabilities in a company Where does he gets he power from? The directors powers and duties are stated in the articles of association and also the board where the power of management lies. What…
[Member] Director’s Breach of Non-Compete Clause
Opinion – potential civil suit against employee who breaches contract of employment. The fact: possible breach of contract of employment and contravention of the Companies Act in which all directors are bound in addition to the contract of employment. There…
Share Buy Back
Before the regional economic crisis, the notion of shares buyback hasn’t been a very popular concept at all among the Malaysian Corporation. However, since the slump of the stock market which has deteriorated the company’s shares, certain companies in…
Danaharta Act
The Role of the Danaharta Act Danaharta Nasional Bhd is an asset managment company that plays a vital role in the Malaysian economy today. Its role concerns the restructuring and resolving of non-performing loans (NPLs) in Malaysia. To ensure…
Director Duties and Liabilities
Directors’ duties and liabilities in a company Where does he gets he power from? The directors powers and duties are stated in the articles of association and also the board where the power of management lies. What are the minimum…
The Status of Malaysian Joint Liability in Partnership
The Status of Malaysian Joint Liability in Partnership In a partnership, it is established law that all partners have the authority to act on behalf of the firm (Partnership Act). Every partner is therefore treated as an agent of the…
[MEMBER] SPA Joint Vendor to Buyer, Strata title yet to be issued, Agreement to Assign #051121
Explanatory notes: #051121, joint vendors/sellers selling a property (strata title yet to be issued) to a buyer, the actual name of the document is called ‘Agreement to Assign’ DATED THIS DAY OF , [insert year] BETWEEN AND ************************************** AGREEMENT TO…
[MEMBER] Sales & Purchase Agreement, Property, General Template [s1086]
AN AGREEMENT made the day and year stated in Section 1 of the First Schedule hereto between the party whose name and description is stated in Section 2 of the First Schedule hereto (hereinafter referred to as “the Vendor”) of…
[MEMBER] Shareholders Agreement [1]
AGREEMENT This Agreement is made the x day of month, 2000 between A Sdn Bhd of registered address (hereinafter referred to as “the First Party”) of the first part, B Sdn Bhd of registered address (hereinafter referred to as…
Settlement Agreement (Project)
This Settlement Agreement dated June, 2000 entered between Txxxxxx (xxxx994-H) of No. 5xxxxx ngxxx, 11200 Penang (hereinafter referred to as “the Employer”) of the one part and Exxxxxd (xxxx41-T) of No.xxxxxxak 13, 11900 Bayan Lepas Penang (hereinafter referred…
Settlement Agreement (Assignment)
Settlement Agreement This Settlement Agreement dated December, 20 entered between ________________ (Company No. ) of No. ____________________ and/or ____________________ (hereinafter referred to as “the Assignor”) of the one part and ________________ (NRIC ________) of __________________ (hereinafter referred to…
[MEMBER] Sale of Shares (3)
SHARE SALE AGREEMENT THIS AGREEMENT is made the day of 2001 Between [Name] (NRIC ) of [Address] (hereinafter referred to as “The First Party”) of the one part and [Name] (NRIC ) of [Address] (hereinafter referred to as “the Second Party”) of the second…