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[…]
What is Shadow Director A shadow director is a director who: Is not formally appointed by the company; Are usually the ones who are controlling/ commanding the formally appointed directors (de jure directors) in the background; and The instructions given by them are usually followed and carried out by members of the board of directors Read more about Shadow Director: Who are They and What are Their Duty?[…]
We have assisted numerous client with winding-up proceedings: Can you rely on the Companies Act to wound up a money lending company? The short answer is no. The long answer can be seen in the recent Court of Appeal case of Litar Sistem Adilkap Sdn Bhd v. Lee Teak Hock & Anor1. Brief facts Read more about Can You Wound Up A Money Lending Company?[…]
How to Deregister or Strike Off Company in Malaysia? How to Start with the Strike Off Process? Find our more in our article!
Find out what is a shareholder in Malaysia and how is a shareholder different from a director. We will also cover some of the basic rights of a shareholder.
Background of Audit Exemption in Malaysia If you are the owner of a Private Company (Sdn Bhd) you will know exactly how much work is involved in preparing your annual audited report. If you are not aware, please see our article HERE. In short, a Private Company must appoint an auditor for each financial year of Read more about How to qualify for Audit Exemption in Malaysia? (with Example)[…]
A Private Limited Company (Sdn Bhd) is commonly the preferred form of business for new start-ups and SMEs to conduct business in Malaysia, mainly because of the ability to conduct equity fundraising. The main reason I prepared this article is because I discovered that most (if not all) reading materials available online only mention WHAT is the Read more about Incorporation: Basic on How to Prepare for Annual Compliance Requirement for Private Limited Company (Sdn Bhd)[…]
(Find out what I think about setting up a Limited Liability Partnership (LLP) in my article on How To Choose Suitable Business Entity) Did I not say don’t go for LLP yet? Anyways for academic purposes, here is how you can go about it: Limited Liability Partnership (LLP) Go to Suruhanjaya Syarikat Malaysia (SSM) a.k.a Companies Commission of Malaysia Read more about Registration of Business in Malaysia: Limited Liability Partnership[…]
Why do you need to register a business? It is important to register your business based on the common types of business setup in Malaysia because conducting business without registration is an offence which is punishable with fine or imprisonment. But more importantly, running an unregistered business also means that your business is illegal and Read more about 3 Types of Business Setup in Malaysia[…]
(Please read Incorporation of Private Limited Company (Sdn. Bhd.) to have a better background understanding before reading this article) In Malaysia for the longest time it is a standard practice to engage Certified Company Secretary (such as myself – I paid myself for this paid advertisement) to incorporate a Private Limited Company (Sdn. Bhd.) on your behalf. However, Read more about Incorporation: Choosing Your Company Secretary for Private Limited Company[…]