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Apr 20, 2018 - We have prepared the Company Law Compendium as a service to our. 14 of 2015, 3 of 2016, 2 of 2017, 42 of 2017 and the Companies. The Act limits the number of intermediary companies through which investments can be made in a company. Similarly, the Act limits the number of layers of subsidiaries a company can have. The Bill removes these limits. The Act requires an individual who has a beneficial interest in the shares of a company to disclose the same. The Bill also requires a group of persons who exercise beneficial control (above 25%) in a company to disclose such interest.
Facebook. Twitter2This article is a condensed version of a paper presented to a liability insurance seminar hosted by the Malaysian Insurance Institute in Kuala Lumpur, Malaysia, on 16 May 2017. It deals with the issue of indemnification of directors and officers by Malaysian companies and suggests that Directors' & Officers' (D&O) liability insurance wordings in Malaysia need restructuring in response to the Malaysian Companies Act 2016, which replaced the Malaysian Companies Act 1965 with effect from 31 January 2017. IntroductionWhen a company is incorporated, the law of the jurisdiction in which it is incorporated automatically attaches to it. So, for example, the Malaysian Companies Act 1965 automatically attached to a company incorporated in Malaysia before 31 January 2017 and the Malaysian Companies Act 2016 has automatically attached to a company incorporated in Malaysia since that date.
Companies Act 2016Practice Directive NoPractice DirectiveFormat1.Practice Directive 1/20172.Amendment of Practice Directive 1/2017(uploaded 18/4/2017)3.Amendment of Practice Directive 1/2017 (No.