director act for two companies

Can A Director Act For Two Companies?

Can a director act for two companies? If there is a conflict of interest, would that not compromise his services rendered to the company? What does the law say? The law states that1: “A director or officer of a company shall not, without the consent or ratification of a general meeting – use of the property Read more about Can A Director Act For Two Companies?[…]

filing a claim

Filing A Claim In An Online Shopping Dispute

We have come to an age where consumers are able to obtain the goods they desire online, either through websites, blogs, or even social media itself. While this has made obtaining goods much easier, simpler, and more convenient, it also does have its drawbacks. For example, the National Consumer Complaints Center (“NCCC”) has found that Read more about Filing A Claim In An Online Shopping Dispute[…]

de facto director

What You Need to Know Before Sign Up to be a De Facto Director

Before we go further, you might want to read our previous articles about Type of Director in Malaysia and The Dos and Don’ts of Company Director. What is a De Facto Director? A de facto director, as noted by the court, is a person who assumes to act as a director. He is held out Read more about What You Need to Know Before Sign Up to be a De Facto Director[…]

director in Malaysia

Introduction to Type of Director in Malaysia

Looking for corporate lawyer in Shah Alam? Use the following button:    What is a director? Directors are individuals appointed by the shareholders of the company to manage the affairs and business of the company. They are basically agents of the company- put in place to promote the success of the company for the benefits Read more about Introduction to Type of Director in Malaysia[…]

failure to distribute dividends

Does Failure to Distribute Dividends is Considered as Oppression?

We have assisted numerous clients with company and corporate issue:    What is Dividend(s)? Dividend(s) are profits/ retained earnings that a company generates and pays out to its shareholders. In this regard: The value of the dividends that are paid out to its shareholders are determined on a per-share basis; and There are no set rules Read more about Does Failure to Distribute Dividends is Considered as Oppression?[…]

Scheme Of Arrangement in Malaysia

The Law In Relation To Scheme Of Arrangement In Malaysia

What goes through your mind when the term (in relation to a company) “scheme of arrangement” or SOA is brought up? In this article, we will briefly share with you what is an SOA. What Is A Scheme Of Arrangement? A scheme of arrangement is an agreement entered between a company and its creditors/ shareholders/ members to Read more about The Law In Relation To Scheme Of Arrangement In Malaysia[…]

corporate veil

Company 101: Introduction to Corporate Veil

What is the corporate veil? A corporate veil is a layer of protection that is accorded to the shareholders of the company while they are managing the affairs of the company. The law states that when a company is incorporated: It is treated as a separate entity from its directors/ members/ shareholders (members of the Read more about Company 101: Introduction to Corporate Veil[…]

winding-up

To Restrain or Not To Restrain Winding-up Proceeding

We have assisted numerous client in regards to winding-up proceeding:    Imagine this scenario: Company A is potentially facing a winding-up. To make matters worse, Company A is being bombarded with civil suits left, right, and center. These suits could potentially drain Company A of its assets in its entirety, leaving nothing to its creditors. Read more about To Restrain or Not To Restrain Winding-up Proceeding[…]

Friendly Loan

“Friendly Loan”: Is it Legal and Recognized by Law?

What is a “friendly loan”? A “friendly loan”, as noted by the court1, is a loan: That is opposed to the normal borrowing from a moneylender or financial institution; Between two persons based on trust (it might not even have a written agreement between a lender and borrower) – in order to secure the repayment Read more about “Friendly Loan”: Is it Legal and Recognized by Law?[…]

remove a director

Booting Or Remove A Director Out Of The Company

We have assisted numerous clients regarding the company and corporate issue:    In this article, we will briefly touch on the topic of the director’s removal. The law that enables the removal of a company director Section 206 of the Companies Act (the Act)1. In this regard: If it is a private company, a director Read more about Booting Or Remove A Director Out Of The Company[…]

Fareez Shah and Partners