companies act 2016 - cheng & co | homechengco.com.my/wp/wp-content/uploads/2017/03/com… ·...
TRANSCRIPT
![Page 1: COMPANIES ACT 2016 - Cheng & Co | Homechengco.com.my/wp/wp-content/uploads/2017/03/Com… · · 2017-03-17COMPANIES ACT 2016 •As a result of no share certificate, Register of](https://reader033.vdocuments.net/reader033/viewer/2022052918/5ae3a9b97f8b9a7b218d6059/html5/thumbnails/1.jpg)
ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2016 Cheng & Co. All rights reserved.
PARTNERSHIPS ACCREDITATION
中国建筑珠江(马来西亚)有限公司报价提案
COMPANIES ACT 2016
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ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
MINIMUM DIRECTORS AND MEMBERS
Sdn. Bhd.
Minimum
• Directors :
• Individual
Members :
COMPANIES ACT 1965 COMPANIES ACT 2016
2 1
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ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
HIGHER PENALTY
• Penalty :
• Imprisonment :
COMPANIES ACT 2016
3 – 5 years
RM25 k – RM3 mil
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ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
CONSTITUTION IS NOT NECESSARY
COMPANIES ACT 1965 COMPANIES ACT 2016
CONSTITUTION
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ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
COMMON SEAL IS NOT NECESSARY
COMPANIES ACT 1965 COMPANIES ACT 2016
As a result of no constitution,
But when doing transactions like purchasing of land, COMMON SEAL is still required!!!
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ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
SHARE CERTIFICATE IS OPTIONAL
COMPANIES ACT 1965 COMPANIES ACT 2016As a result of no constitution,
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ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
X PAR VALUE OF SHARES COMPANIES ACT 1965 COMPANIES ACT 2016
As a result of no constitution,
No more AUTHORISED SHARE CAPITAL & SHARE PREMIUM
PAR VALUE PAR VALUE
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ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
REGISTER OF MEMBERS
COMPANIES ACT 2016
• As a result of no share certificate,
Register of Members is the prima facie evidence
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ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
NOTICE OF REGISTRATION
COMPANIES ACT 1965 COMPANIES ACT 2016
FORM 9 – CERTIFICATE OF INCORPORATION
FORM 9 – CERTIFICATE OF INCORPORATION
NOTICE OF REGISTRATION
Replaced by
NO CHARGE WITH CHARGES
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ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
ANNUAL GENERAL MEETING
COMPANIES ACT 1965 COMPANIES ACT 2016
SAVE COST
For Sdn. Bhd.
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ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
SOLVENCY STATEMENT COMPANIES ACT 2016
SOLVENCY STATEMENT
Reduction of Capital
Redemption of preference
shares
Share Buyback
Financial assistance to buy shares by – unquoted corporation
Directors have to access the solvency statement before signing. If signed without reasonable ground, subject to imprisonment and penalty!
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ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
PUBLICATION OF NAMECOMPANIES ACT 2016
• Shall display its registered name and company registration number at:
• Its registered office
• Every place where its business operates
• Every place where its books are kept.
Shall disclose its registered name and company registration number at: • Business letters, official publications
including electronic forms• Websites• Cheques• Invoices• All other forms of its business
correspondence and documentation
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ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
ONE STOP PROFESSIONAL CENTRE. Malaysia . Singapore . China . Hong Kong . Australia
@2017 Cheng & Co. All rights reserved.
Annual Return & Auditor ReportCOMPANIES ACT 2016
• Lodged within 30 days from the anniversary of incorporation date
• Lodged within 6 months from the end of financial year
Annual Return Audited Report