Search results
1 day ago · The new section 60B highlights the need for BO’s to: (a) record their identification details, residential addresses and the dates they become and cease to be BO’s. (b) This register must be stored at the company's registered office or at any other place as notified to the Registrar. (c) The Act further imposes the need for beneficial ...
5 days ago · The Companies Commission of Malaysia issued a new set of Guidelines on Company Names on 25 June 2024 (“ New Guidelines ”) in place of the guidelines of the same name issued on 6 December 2022 ...
3 days ago · Provided that where any director who is not so concerned or interested at the time of entering into such contract or arrangement, he shall, if he becomes concerned or interested after the contract or arrangement is entered into, disclose his concern or interest forthwith when he becomes concerned or interested or at the first meeting of the ...
2 days ago · According to Section 71 (1) of the Companies Act 2016, the shareholders: Have the right to attend, participate, and speak at a meeting. Have the right to vote on a show of hands on any resolution of the company. Have the right to one vote for each share on a poll on any resolution of the company.
2 days ago · ( 1) No company shall appoint or employ at the same time a managing director and a manager. ( 2) No company shall appoint or re-appoint any person as its managing director, whole-time director or manager for a term exceeding five years at a time: Provided that no re-appointment shall be made earlier than one year before the expiry of his term.
3 days ago · Provided further that a Specified IFSC private company shall hold the first meeting of the Board of Directors within sixty days of its incorporation and thereafter hold at least one meeting of the Board of Directors in each half of a calendar year.
2 days ago · avoid conflicts of interest; act with reasonable care and diligence; and. prevent insolvent trading. However, the broadest and most important of the directors’ duties is the duty to act in good faith in the best interests of the company and for a proper purpose.
