Section 152a Of The Companies Act 1965 To Companies Act 2016
The new companies act 2016 new ca provides for easier incorporation of companies compared to the existing companies act 1965 ca 1965.
Section 152a of the companies act 1965 to companies act 2016. An individual being the single shareholder and single director can incorporate a company. Single shareholder and director. First reprint 1988 second reprint 1995 third reprint 2000. A member s written resolution in respect of an ordinary resolution is to be passed by a simple majority of members and in respect of a special resolution by not less than 75 majority section 306 4 read with sections 291 and 292.
79 of 1965 date of coming into operation. Throughout malaysia 15 april 1966 p u. 1 this act may be cited as the companies act 2016. This article summarises the key changes under the new act below.
Revised up to. 1 notwithstanding anything to the contrary in this act or the articles of the company a resolution in. A single individual can have complete control of the company and still enjoy the separate liability of the. Resolution signed by all members deemed to be duly passed at meeting.
Short title and commencement. The companies act 2016 act came into force on 31 january 2017 save for section 241 in relation to the requirement of a secretary to register with the registrar and division 8 of part iii in relation to corporate rescue mechanism the act replaced the companies act 1965. 1973 as act 125 w e f. Be prepared for the change in doing business in malaysia.
The requirement for unanimity under section 152a of ca65 for a member s written resolution of a private company will be abolished when the act comes into force. Companies act 1965 revised 1973 incorporating latest amendment act a1299 2007 first enacted.