Contents

  1. Acknowledgements

  2. Welcome letter

  3. Content writer profiles

  4. I. Course Guide

    1. 1. Course Overview

    2. 2. 1.0 Studying at WOU Using the Distance Learning Mode

    3. 3. 2.0 How to Succeed as a Distance Learner

    4. 4. 3.0 The Course — A Brief Introduction

    5. 5. 4.0 Tutorials - Optimising Tutorial Sessions

    6. 6. 5.0 Assessment and Examination

    7. 7. 6.0 A Word of Encouragement

  5. II. Unit 1 Types of Companies and the Process of Incorporation

    1. 8. Unit overview

    2. 9. Unit objectives

    3. 10. 1.1 Type of companies

    4. 11. Various types of companies

    5. 12. Separate legal entity

    6. 13. Companies limited by shares

    7. 14. Companies limited by guarantee

    8. 15. Unlimited companies

    9. 16. Exempt private companies

    10. 17. Foreign companies

    11. 18. Summary

    12. 19. 1.2 Differences between private and public companies

    13. 20. Private companies

    14. 21. Public companies

    15. 22. Change from public to private and from private to public company

    16. 23. Summary

    17. 24. 1.3 Process of incorporation

    18. 25. Incorporating a local company

    19. 26. The Memorandum of Association

    20. 27. The Articles of Association

    21. 28. Consequence of incorporation

    22. 29. Requirements of a locally incorporated company

    23. 30. Incorporating a foreign company

    24. 31. Summary

    25. 32. 1.4 Reservation of the name of the company

    26. 33. Name of companies

    27. 34. Before registration of a company name

    28. 35. Change of name

    29. 36. Approval for change of name

    30. 37. Changing company name that cannot be registered

    31. 38. Name of company registered before the Act coming into force

    32. 39. Prohibition on use of names

    33. 40. Summary

    34. 41. 1.5 Filing of relevant documents

    35. 42. Form 13A – Request for availability of name

    36. 43. Form 6 – Declaration of compliance

    37. 44. Form 48A – Subscriber to lodge statutory declaration

    38. 45. Form 9 – Certificate of incorporation of private company

    39. 46. Form 24 – Return of allotment of shares

    40. 47. Form 49 – Return giving particulars in register of directors, managers and Secretaries and changes of particulars

    41. 48. Form 44 – Notice of situation of registered office and of office hours and particulars of changes

    42. 49. Memorandum and Articles of Association

    43. 50. Summary

    44. 51. 1.6 Stamp duties and fees payable for the incorporation

    45. 52. Introduction

    46. 53. Stamp duty

    47. 54. Fees schedule

    48. 55. Summary

    49. 56. 1.7 First directors’ meeting

    50. 57. Objectives

    51. 58. Introduction

    52. 59. Statutory meeting

    53. 60. Annual general meeting

    54. 61. Convening of extraordinary general meeting on requisition

    55. 62. Calling of meetings

    56. 63. Place of meeting

    57. 64. Summary

    58. 65. 1.8 Commencement of business

    59. 66. Objectives

    60. 67. Introduction

    61. 68. Registered office of company

    62. 69. Office hours

    63. 70. Publication of name

    64. 71. Name to be displayed on all offices

    65. 72. Summary

    66. 73. Summary of Unit 1

    67. 74. References

    68. 75. Glossary

  6. III. Unit 2 Memorandum and Articles of Association of the Company, Directors and Auditors

    1. 76. Unit overview

    2. 77. Unit objectives

    3. 78. 2.1 Content of Memorandum and Articles of Association

    4. 79. The Memorandum of Association

    5. 80. Contents of a memorandum

    6. 81. Subscribers of memorandum

    7. 82. The object clause

    8. 83. Articles of Association

    9. 84. Rights of different class of shareholders

    10. 85. The requirements and layout in articles

    11. 86. Adoption of Table A of Fourth Schedule

    12. 87. Summary

    13. 88. 2.2 Alteration of the Memorandum of Association

    14. 89. General provisions as to alteration of memorandum

    15. 90. Summary

    16. 91. 2.3 Alteration of the Articles of Association

    17. 92. A company by special resolution can alter or add to its articles

    18. 93. Any alteration or addition in the articles is subject to this Act

    19. 94. A company shall have the power to amend its articles by the adoption of Table A

    20. 95. Summary

    21. 96. 2.4 Alteration of the name of company

    22. 97. Change of name

    23. 98. Certificate of incorporation under the new name

    24. 99. Company name incorporated before the commencement of the Act

    25. 100. Changing company name from “Limited” to “Berhad”, etc

    26. 101. Winding up of a company within one year after a name change

    27. 102. Summary

    28. 103. 2.5 Company number and registered office

    29. 104. Registered office of company

    30. 105. Office hours

    31. 106. Publication of name

    32. 107. The requirements for the use of a company name

    33. 108. Company name to be displayed on all offices

    34. 109. Meaning of “company number”

    35. 110. Summary

    36. 111. 2.6 Alteration to the objects clause

    37. 112. Alteration of objects in memorandum

    38. 113. Summary

    39. 114. 2.7 Director’s and auditor’s roles

    40. 115. Persons who are qualified to be a company director

    41. 116. Exercise of powers

    42. 117. Duties of directors

    43. 118. Director’s statutory duties

    44. 119. Director’s other statutory duties

    45. 120. Remedies for breach of duty

    46. 121. Role of auditors

    47. 122. Summary

    48. 123. Summary of Unit 2

    49. 124. References

  7. IV. Unit 3 Share Capital and Charge

    1. 125. Unit overview

    2. 126. Unit objectives

    3. 127. 3.1 Types of shares

    4. 128. Ordinary shares

    5. 129. Preference shares

    6. 130. Redeemable preference shares

    7. 131. Rights of holders of classes of shares

    8. 132. Rights of holders of preference shares to be set out in memorandum or articles

    9. 133. Summary

    10. 134. 3.2 The procedure for alteration of share capital

    11. 135. Altering of share capital

    12. 136. Cancellation of shares is not a reduction of share capital

    13. 137. Share capital of unlimited company on re-registration

    14. 138. Notice of increase of share capital

    15. 139. Special resolution for reduction of share capital

    16. 140. Summary

    17. 141. 3.3 Procedures for share buy-back

    18. 142. Public companies buying back their own shares

    19. 143. Resolutions of directors after a share buy-back

    20. 144. Notice to the Registrar and stock exchange

    21. 145. Summary

    22. 146. 3.4 Prospectus and its contents

    23. 147. Guidelines for the contents of prospectuses

    24. 148. Registration of prospectus

    25. 149. Copy of contracts, etc., to be kept for inspection at registered office

    26. 150. Supplemental prospectus

    27. 151. Further conditions for lodging supplemental prospectus

    28. 152. Penalty for default

    29. 153. Summary

    30. 154. 3.5 Types of registered charges

    31. 155. Registration of charges

    32. 156. Duty to register charges

    33. 157. Duty of company to register charges existing on property acquired

    34. 158. Register of charges to be kept by Registrar

    35. 159. Summary

    36. 160. 3.6 The procedure for registration of charges

    37. 161. Registration of charges

    38. 162. Release of charges

    39. 163. Registration of assignment of charge

    40. 164. Registration of variation in terms of charge

    41. 165. Summary

    42. 166. 3.7 Consequences of not registering the charges

    43. 167. A charge has to be registered

    44. 168. Duty to register charges

    45. 169. Duty of company to register charges existing on property acquired

    46. 170. Extension of time to register a charge and effect of not registering a charge

    47. 171. Summary

    48. 172. Summary of Unit 3

    49. 173. References

  8. V. Unit 4 Prospectus, Arrangement and Reconstruction of Company, Receivers and Managers, Winding Up

    1. 174. Unit overview

    2. 175. Unit objectives

    3. 176. 4.1 Prospectus

    4. 177. Regulator

    5. 178. Definition and nature of a prospectus

    6. 179. Supplementary prospectus

    7. 180. Abridged prospectus

    8. 181. Prospectus requirements for companies seeking admission to Bursa Malaysia

    9. 182. Prospectus guidelines

    10. 183. A working programme

    11. 184. Contents of a prospectus

    12. 185. Electronic prospectuses and Internet securities application

    13. 186. Plain language guide for prospectuses

    14. 187. Circulars distinguish with prospectus

    15. 188. Summary

    16. 189. 4.2 Arrangement and reconstruction

    17. 190. Governing legislation

    18. 191. Scheme of arrangement (Section 176)

    19. 192. Procedures

    20. 193. Restraint on proceedings

    21. 194. Restraining orders

    22. 195. Setting aside scheme

    23. 196. Reconstructions and amalgamations (Section 178 CA)

    24. 197. Summary

    25. 198. 4.3 Winding up

    26. 199. Process of winding up

    27. 200. Modes of winding up

    28. 201. Voluntary winding up

    29. 202. Winding up by the court

    30. 203. Liquidator

    31. 204. Appointment of liquidator

    32. 205. Powers of liquidator

    33. 206. Disqualification and removal of liquidator

    34. 207. Proof and ranking of claims

    35. 208. Undue preferences

    36. 209. Fraudulent trading

    37. 210. Dissolution

    38. 211. Power to stay or restrain proceedings against a company

    39. 212. Members’ voluntary winding up – Practical procedure

    40. 213. Striking off defunct companies

    41. 214. Guidelines to strike off the name of a company

    42. 215. Summary

    43. 216. 4.4 Receiver and receiverships

    44. 217. Role and source of appointment of a receiver

    45. 218. Court appointed receiver and a privately appointed receiver

    46. 219. Difference between a receiver and a receiver/ manager

    47. 220. Practical approaches in the appointment of a receiver

    48. 221. Priority of payment by a receiver

    49. 222. Set-off of mutual debts

    50. 223. Powers of a receiver

    51. 224. Liability of a receiver

    52. 225. Receivers’ remuneration, fees and disbursements

    53. 226. Termination

    54. 227. Summary

    55. 228. Summary of Unit 4

    56. 229. Appendices

  9. VI. Unit 5 Regulatory Bodies and Corporate Governance

    1. 230. Unit overview

    2. 231. Unit objectives

    3. 232. 5.1 Companies Commision Malaysia (CCM)

    4. 233. Organisation chart of CCM

    5. 234. Functions of CCM

    6. 235. Powers of CCM

    7. 236. CCM’s operations

    8. 237. Enforcement by CCM

    9. 238. Products of CCM

    10. 239. Services of CCM

    11. 240. Corporate governance of CCM

    12. 241. Internal audit department

    13. 242. Summary

    14. 243. 5.2 Securities Commission (SC)

    15. 244. Functions of SC

    16. 245. Divisions in SC

    17. 246. Complaints

    18. 247. Corporate governance principles in SC

    19. 248. Summary

    20. 249. 5.3 Bursa Malaysia (BM)

    21. 250. Historical development of BM and its online trading system

    22. 251. Operations of BM

    23. 252. Organisation structure of BM

    24. 253. Bursa products and services

    25. 254. Corporate governance in BM

    26. 255. Summary

    27. 256. 5.4 Employee Provident Fund (EPF)

    28. 257. Management

    29. 258. Dividends

    30. 259. Contribution

    31. 260. Registration for the Hajj with Tabung Haji

    32. 261. Withdrawal schemes

    33. 262. I-Akaun

    34. 263. Obligations of an employer

    35. 264. Offences and penalties

    36. 265. Summary

    37. 266. 5.5 Social Security Organisation (SOCSO)

    38. 267. Contribution

    39. 268. Rates of contribution

    40. 269. Types and categories of contribution

    41. 270. Late contribution interest

    42. 271. Coverage

    43. 272. Summary

    44. 273. 5.6 Inland Revenue Board of Malaysia (IRBM)

    45. 274. Functions of the Board

    46. 275. Powers of the Board

    47. 276. The Board

    48. 277. Organisation chart of IRBM

    49. 278. Corporate governance application

    50. 279. Employees’ renumeration

    51. 280. Employers’ responsibilities

    52. 281. Guide and teleinfo codes

    53. 282. Offences, fines and penalties

    54. 283. Summary

    55. 284. 5.7 Corporate governance

    56. 285. Code of corporate governance in Malaysia

    57. 286. Separation of ownership and control: A need for corporate governance

    58. 287. Summary

    59. 288. Summary of Unit 5

    60. 289. Course summary

    61. 290. References

  10. Appendix