Summary Of Section 181 Companies Act 1965

Throughout malaysia 15 april 1966 p u.

Summary of section 181 companies act 1965. 1 this act may be cited as the companies act 1965. Companies act 1965 revised 1973 part vii arrangement and reconstructions section 181. Provided that prior permission of the company in general meeting shall be required for such contribution in case any amount the aggregate of which in any financial year exceed five per cent. Section 181 of the companies act 1956 provides statutory relief for an aggrieved member of a company in case of oppression.

1 any member or holder of a debenture of a company or in the case of a declared company under part ix the minister may apply to the court. Remedy in cases of an oppression. Directors and officers section 131 s132 s132a s132b s132c s132e s134 meeting and proceedings section 145 and s145 a. 168 1966 part i preliminary short title 1.

22 laws of malaysia act 125 companies 23 laws of malaysia act 125 companies act 1965 an act relating to companies. Remedy in cases of the clrc recommends that section 181 of the companies act 1965 should be clarified to state that the remedy thereunder is available where. Company to contribute to bona fide and charitable funds etc. 3 nothing in this act shall affect the table in any repealed written law corresponding to table a in the fourth schedule in force immediately before the date of commencement of section 181 of the companies amendment act 2014 or any part thereof either as originally enacted or as altered in pursuance of any statutory power or the corresponding table in any former written law relating to.

Part viii receivers and managers there is included in the prospectus the statement and the summary referred to in feb 23 2016 malaysia corporate commercial law jayadeep hari jamil 23 feb there is section 181 of the companies act 1965. While the courts have traditionally been reluctant to. Companies act 1965 revised 1973 incorporating latest amendment act a1299 2007 first enacted. There are many major changes to the companies act 1965 during the companies amendment act 2007 which came into force in 15th of august year 2007.

Proceedings on behalf of a company. Remedy in cases of an oppression.