Section 14 Companies Act 2016

Effective from 01 12 2016 font in blue is effective from 06 06 2018 and font in red w e f 28 12 2019 1 subject to provisions of sub sections 2 and 3 on the insolvency commencement date the adjudicating authority shall by order declare moratorium for prohibiting all of the following namely.

Section 14 companies act 2016. It can be done by way of alteration modification or deletion of its existing article or by adding new article s. A director has onerous duties under the companies act 2016 as in common law. B by virtue of his disqualification or removal or the revocation of his appointment as a director as the case may be under section 148 149 149a 154 155 155a or 155c of this act section 50 or 54 of the banking act cap. A company may with the consent of shareholders by way of passing a special resolution alter its articles.

Nor azimah abdul aziz deputy ceo regulatory enforcement companies commission of malaysia. A if he has not within the period referred to in section 147 1 obtained his qualification. Provided that where at any time during the corporate insolvency resolution process period if the adjudicating authority approves the resolution plan under sub section 1 of section 31 or passes an order for liquidation of corporate debtor under section 33 the moratorium shall cease to have effect from the date of such approval or liquidation order as the case may be. Companies act 2016 by.

1 subject to this act any two or more persons associated for any lawful purpose may by subscribing their names to a memorandum and complying with the requirements as to registration form an incorporated company. 14 2 acompany shall not be. Guidelines relating to practising certificate for secretaries under section 241 of the companies act 2016 pdf uploaded on 14 3 2019 9. Deleted by act 36 of 2014 wef 03 01 2016.

108 section 57 of the. Alteration of articles effective from 1st april 2014 second proviso to sub section 1 sub section 2 effective from 1st june 2016 1 subject to the provisions of this act and the conditions contained in its memorandum if any a company may by a special resolution alter its articles including alterations having the effect of conversion of. In addition directors are also governed by a directors code of ethics. Act 44 of 2018 wef 14 01 2020 voting share in relation to a body corporate.

Guidelines for corporate rescue mechanism under division 8 part iii of the companies act 2016 pdf uploaded on 5 12 18 8. 19 section 47 of the finance companies act cap. The reform initiative the 4 year review by clrc corporatelaw reform initiative a proposalto repeal the companiesact 1965.