YOUR PERFECT LEGAL COMPANION
Revised Definition for SMEs As many of you are aware of, SMEs enjoy various benefits including easy access to finances and soft loans, and sometimes financial guarantee for expansion and working capital. Since 2014, there was a revised definition for…
The first and most basic question is, what are preference shares? Preference shares, more commonly referred to as preferred stock, are shares of a company’s stock with dividends that are paid out to shareholders before common stock dividends are issued.…
Case Update: Federal Court Clarifies the Extent of Directors’ Duties In Tengku Dato’ Ibrahim Petra bin Tengku Indra Petra V Petra Perdana Berhad (2017), the Federal Court had delivered a landmark judgment clarifying the division of power between shareholders and…
Directors’ duties and liabilities in a company The directors powers and duties are stated in the articles of association and also the board where the power of management lies. According to Section 122 of the Companies Act 2016, every company…
The Advantages of Share-Buy Back for Debt-Restructured Companies
Sample terms for amendments of Articles of Association to allow company to issue preferential shares.
Questions and Answers with regards to Director’s duties and liabilities.
Currently, 96% of small and medium enterprises (SMEs) funding comes from the banking sector, an indication of its huge dependence on financial institutions for its growth and survival.
From 31st January 2017 onwards, all companies in Malaysia will operate under the Companies Act (CA) 2016.
The Companies Act 2016 received Royal Assent on 31.8.2016 come into effect on 31 January 2017.With the introduction of this New Companies Act, shareholders have now been given a vital role in managing the company’s business despite company having its…
1. It is governed under the Malaysian Companies Act 1965, appointed by shareholders. 2. One must be a natural person, at least 18 years old and not over the age of 70 (public company) unless approved by at least…
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…
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…
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…
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…
Notwithstanding a company may buy back its shares, it may issued preference shares upon terms that they may be redeemed at the option of the company, provided that the requirement of sec 61 of the Companies Act are complied with.…
Dividends – the general principle