Congratulations! You have successfully completed reading all five units of the course material. They gave you ideas on basic compliance and compliance management in corporations. With this knowledge, you should be able to explain the various legislative requirements, forms used and procedures to be followed in compliance management. This will enable you to advise directors on compliance issue and risk on non-compliance.
Unit 1 provided you with a basic understanding of various types of companies and discussed the differences between the private limited and public limited companies. It explained the procedures of conversion of status, incorporation, filing of documents and stamp duties needed to be paid by corporation. It also explained the importance of the first directors meeting before the actual commencement of business of a newly incorporated company.
Unit 2 covered the Memorandum of Association and the Articles of Association of the company. It highlighted the alteration procedures involving the company‘s name, the objects clause, and change of name of company. It further explained the importance of directors’ and auditors’ roles in governance.
Unit 3 focused on knowledge of shares of the company. It introduced types of share capital made available by the Act, the procedures and circumstances where share were bought back by the company itself. This sub unit also covered procedures for registration of charges and its consequences of non-registration.
In Unit 4, we highlighted the knowledge on arrangements and reconstructions of company. In order to let you appreciate the down side of the companies, procedures for application to court for arrangements and reconstruction, qualification and liabilities of receivers, the priority of payment by the receiver to various parties were discussed. Lastly, you learnt also the various types of winding up and its respective procedures of winding up.
Finally, in Unit 5, we concluded with various regulatory bodies which are relevant to compliance management. You were also exposed to corporate governance and the need to comply with the Malaysian Code of Corporate Governance.
We hope you have enjoyed reading and gain adequately knowledge concerning Corporate Compliance Management.