When must an Annual General Meeting be conducted?
For first time AGM, it must be done within 18 months after date of incorporation. For subsequent AGM, it must be held within 15 months after date of previous AGM held. [...]
Can a meeting be done online?
A meeting can be done either physically or online, as long as it abides to the Companies Act 2016 where directors and shareholders are able to interact without interference and a [...]
Must Company Secretary attend the meeting held by Company?
By right, yes, the appointed Company Secretary is expected to attend the AGM or EGM held by the Company. This is so they can record what was discussed and conclude in [...]
What is the purpose of Annual General Meeting (AGM)?
An AGM is commonly held to discuss several topics such as appointment of new directors, election of directors to replace those who are retiring, declaration of dividends etc. [...]
Are Company Constitutions confidential?
No, a Company Constitution may be publicly available.
Can a company secretary be appointed at the point of incorporation?
The appointment of a company secretary at the point of incorporation is optional. Under section 236 of the Companies Act 2016, the Board must appoint a company secretary within 30 days from [...]
What is the definition of “next of kin” referred to under section 209(3)?
The “next of kin” referred to under section 209(3) is not defined in the Companies Act 2016. However, for the purposes of the section, a Practice Note will be issued to address [...]
Can companies switch between having a single director to multiple directors and back again anytime they like?
Yes, provided there are no restrictions as contained in the constitution of the company and the follow the requirements as stipulated in the Companies Act 2016.
What will happened to a company if a single director who is also the single shareholder passed away?
In the event a single director who is also the single director passed away, the company secretary has the duty under section 209(3) to call a meeting of next of kin for [...]
Why is the residential status still being required under Companies Act 2016?
Under Section 196(4) of Companies Act 2016, it requires a director to be ordinarily residing in Malaysia by having a principal place of residence in Malaysia. This requirement is applicable to a [...]