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COMPANIES ACT 2016: CSP PRACTICAL ISSUES PART 6 & 7 15 & 16 Aug 2019, Thu & Fri 9.00am 5.00pm Weil Hotel, Ipoh 16 CPD Hours COMPANIES ACT 2016: CSP PRACTICAL ISSUES PART 6 Introduction.
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Rhb FAQ
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(1) An inspector appointed under this Chapter may, and if so directed by the Central Government shall, submit interim reports to that Government, and on the conclusion of the investigation, shall submit a final report to the Central Government.
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Section 215 of the Companies Act 2016 allows directors to rely on information provided by others when making decisions, including advice, opinions, reports or statements.
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The reduction of capital under section 116 of the Companies Act 2016 is a right given to the company itself and not any other parties. Where an order for a reduction of capital is sought, it must not only be just and equitable to the creditors of the company but also to its shareholders and to the public at large.
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If any transaction meets the definition of a substantial property transaction, the company must obtain the approval of its shareholders. Otherwise, the transaction may be voidable. Likewise, the directors involved may face liability.
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Section 239 provides that the board of directors may remove a secretary from their office in ance with the terms of their appointment or the constitution.
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NoSectionForm636Notification of Alteration or Amendment to Constitution737Notification of Alteration or Amendment to Constitution (Court copy)840Notice of conversion from an unlimited company to a limited company941(1)Notice of conversion from a public company to a private company38 more rows
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Directors' asset transactions Shareholders' prior approval is required for the acquisition or disposal of a substantial non-cash asset from or to a director or a person connected with the director; if not, the company is given various remedies, including reversing the transaction.
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Section 223 of the CA 2016, inter alia, prohibits the directors of a company from entering or carrying into effect any arrangement or transaction for the acquisition of an undertaking or property of substantial value or the disposal of a substantial portion of the company's undertaking or property unless (a) the ...
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