Section 76 Companies Act 2016

This article will provide an overview of the ca 2016.

Section 76 companies act 2016. Companies act 2016. Section 76 of the companies accounting bill 2016 the bill expands considerably the definition of designated ulc in section 1274 of the companies act 2014 the 2014 act effectively bringing more unlimited companies within the requirement to file audited financial statements on an annual basis. 15 october 2016. 108 section 57 of the.

For a public company this approval expires at the earlier of. Prior to 1 july 2015 section 76 of the companies act chapter 50 of singapore the singapore companies act prohibited any company incorporated under the singapore companies act both public and private from providing whether directly or indirectly financial assistance for the acquisition of its own shares or the shares of its parent company unless. Queries issued on documents and applications lodged with t he registrar pdf 6. The ca 2016 reformed almost all aspects of company law in malaysia.

Short title and commencement. 19 section 47 of the finance companies act cap. Minimum number of members. Companies act 2016.

An act to provide for the registration administration and dissolution of companies and corporations and to provide for related matters. Companies act 2016 section 76 notice of approval for allotment of shares or grant of rights. Procedures on resignation of secretary under section 237 of the companies act 2016 pdf 5. Section 9 b ca 2016 act stipulates that a company shall have one or more members.

A the conclusion of the next annual general meeting after the approval was given or b the expiration of the period within the next annual general meeting is required by law to be held. 1 this act may be cited as the companies act 2016. This provision allows the incorporation of a company with only one member. A if he has not within the period referred to in section 147 1 obtained his qualification.

Acceptance of deposits from public by certain companies effective from 1st april 2014 1 notwithstanding anything contained in section 73 a public company having such net worth or turnover as may be prescribed may accept deposits from persons other than its members subject to compliance with the requirements provided in sub section 2 of section 73 and subject to such rules. Enacted by the parliament of malaysia as follows. 1 in this act unless the context otherwise requires solvency statement in relation to a proposed redemption of preference shares by a company out of its capital under section 70 a proposed giving of financial assistance by a company under section 76 9a or 9b or a proposed reduction by a company of its share capital under section 78b or 78c means a statement by the directors.