Companies Act 2016 Constitution
Companies act 1965 companies act 2016 constitution.
Companies act 2016 constitution. Constitution of a company has no effect to the extent that it contravenes or is inconsistent with the provisions of this act. Provisionsapplicable to certain types of companies 8. Sec 32 2 constitution adopted shall be binding on the company its directors and its members. For example a private company may want to amend provisions relating to minimum directorships from current 2 to 1.
Enacted by the parliament of malaysia as follows. The provisions set out in the companies act 2016 which may be modified or substituted by the provisions of this constitution shall not apply to the company except so far as the same are repeated or contained in this constitution. An act to provide for the registration administration and dissolution of companies and corporations and to provide for related matters. In addition directors are also governed by a directors code of ethics.
Constitution of company 6. Companies act 2016 shall display its registered name and company registration number at. Short title and commencement. 3 nothing in this act shall affect the table in any repealed written law corresponding to table a in the fourth schedule in force immediately before the date of commencement of section 181 of the companies amendment act 2014 or any part thereof either as originally enacted or as altered in pursuance of any statutory power or the corresponding table in any former written law relating to.
Regulations 2015 and come into operation on 3 january 2016. In exercise of the powers conferred by sections 36 and 411 1 g of the companies act. One stop professional centre. Australia 2017 cheng co.
Conversion of company status 7. Registered office and registers 9. The duties of directors stipulated in the companies act 2016 are not exhaustive and generally directors are imposed with statutory duties duty of care and fiduciary duties. Model constitution for private companies.
Companies act 2016 interpretation 7. 1 this act may be cited as the companies act 2016. A director has onerous duties under the companies act 2016 as in common law. Execution of documents 10.
Companies act 2016. Annual returns contents of the new companies act 2016. Similarly a company must also pass a resolution to amend any part of its constitution should the company wish to harmonise its constitution with the provisions of the companies act 2016.