Requirement to Register New Company

A brief introduction to register a company In Malaysia.

Introduction

It is mandatory for you to register your business or company first if you plan to carry out business activities. You need to register a business or company first. Our Company Secretary will assist you to register your company with the Companies Commission Malaysia.

The Company Secretary must have a valid license issued by the Companies Commission Malaysia to enable him to manage your company’s registration. The following is the information required for you to register a company in accordance with the Companies Act 2016.

To appoint at least one licensed or approved company secretary and he/she must be a natural person of full age who has his principal or only place of residence in Malaysia to named in the Articles of Association of the proposed company.

To appoint at least one (1) directors (promoters) and (1) shareholders (subscribers) who each has his principal or only place of residence within Malaysia. A company director may also be a shareholder of the proposed company.

A Statutory Declaration must be signed by the directors and shareholders (Section 201) before they can register a company.

A director must be at least 18 years old and must have his principal or place of resident in Malaysia.

A company must have at least one director one shareholder. At least one secretary of a company shall be named as mentioned in section 58 of The Companies Act 2016

Must maintain a registered office in Malaysia where the company statutory books and documents such as register book, minutes book, share certificates and common seal of the company which required under the provisions of the Act are kept. The name of the company shall appear in legible Romanized letters, together with the company number, on its seal and documents.

Note :
All directors and shareholder is compulsory to meet-up the company secretary in our office for further discussion before any conclusion can be made.

This is because all of them should sign the company documents related to company formation and to avoid using others person name and their data without their consent.

Summary of Requirement

OUR requirement

At least one director is required to establish a company in Malaysia.
At least one shareholder is required to establish a company in Malaysia.
To appoint at-least 1 company secretary.
Has no criminal record.
Director and company secretary must have principal or only place of residence within Malaysia.
Age above 18 years old.
Passport copy of each director and shareholder.
Residential address in origin country if foreign nationality.
Phone number and mobile number of each director and shareholder.
E.Mail Address of each director and shareholder.
Company business address in Malaysia.
Total amount of shares to be purchase by the company shareholder.
Share percentage value for each shareholder.
Total amount of shares to be purchase by the company shareholder.
Total amount of shares and the percentage to be purchase by the company shareholder.
Beneficial ownership details.

Qualifications of Director – Section 196: Directors of Company – S196

(1) A company shall have minimum number of directors as follows:

(a) In the case of a private company, one director or

(b) In the case of a public company, two directors.

(2) A director shall be a natural person who is at least eighteen years of age.

(3) A director of a company shall not resign or vacate his office if by his resignation or vacation from office, the number of directors of the company is reduced below the minimum number required under subsection (1) and any purported resignation or vacation of office in contravention of this section shall be deemed to be ineffective unless a person is appointed in his place.

(4) For the purpose of this section, the minimum number of directors-

(a) Shall ordinarily reside in Malaysia by having a principal place of residence in Malaysia, and

(b) Shall not include an alternate or substitute director.

Definition of Director

Core Value

In addition to the definition of “director” in section 2, “director” includes chief executive officer, chief financial officer, chief operating officer or any other person primarily responsible for the management of the company.

A brief introduction to register a company In Malaysia.