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…
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[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…
[MEMBER] Sale Agreement of an Equipment or Machinery, Template
THIS AGREEMENT is made the day of 20 BETWEEN Engineering, a business incorporated in Malaysia and having a place of business at [Insert Address] g (hereinafter referred to as “the Seller”) of the one part. AND , a business incorporated in…
[MEMBER] SPA [Land]
Editorial note: This is a typical example of a sale of land agreement – slight variation and/or adjustments may be necessary to complete the agreement. SALE OF LAND AGREEMENT AN AGREEMENT made the day of Between __________________ (hereinafter…
[Member] Deed of Assignment (By Way of Transfer)
DEED OF ASSIGNMENT THIS DEED OF ASSIGNMENT is made the day of Between [Name] (PASSPORT OF REPUBLIC OF CHINA NO: ) c/o [Company Name], [Insert address] (hereinafter called “the Assignor”) of the one part And [Name] (NRIC NO: ) of [Insert…
Sales And Purchase Agreement (Subsale – Stratified Property Without Title) I
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(s)” which…
Rescission Agreement
THIS RESCISSION AGREEMENT is made the day of 20 between [Company Name] (COMPANY NO. ), a company incorporated in Malaysia and duly licensed under…
Shareholders Agreement (Put Option)
PUT OPTION AGREEMENT Date: Parties: 1. ‘The Grantor’: as set out in Schedule I hereto. 2. ‘The Grantee’: as set out in Schedule I hereto. 1.Recitals 1.1 The Grantee is the beneficial owner of the Put Option Shares set out…
Power of Attorney (Purchase of Property)
DATED THIS DAY OF 20 MADE BETWEEN AND **************************************** POWER OF ATTORNEY **************************************** [Ref: ] POWER OF ATTORNEY THIS POWER OF ATTORNEY is given this day of 20 by [Name] (NRIC No. ) and [Name] (NRIC No. )…