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NEW COMPANIES ACT 2015

Date : 19th July 2016
Time : 9:00 am To 5:00 pm
Venue : Crystal Crown Hotel, Petaling Jaya

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The Government had set about in late 2004 on a mission to modernise the Malaysian Companies Act, 1965. With the setting up of the Corporate Law Reform Committee (CLRC) and subsequently, the Accounting Issues Consultative Committee together with a litany of sub-committees and various interest groups, it was a lengthy process of deliberations, analysing, comparing the legal environment of multiple jurisdictions & finally, deciding what is best for Malaysia for the years to come. The final report by the CLRC was approved by the Cabinet in 2013 and only in April of 2016 was the bill finally being approved by the Parliament of Malaysia. It is now awaiting the Royal Assent
The main objective of the new Companies Act is to streamline the whole process of formation, operation and dissolution of a company by aligning our corporate law with those of the more advance nations while strengthening the process of governance and over-sight within and external of the corporate. Hence, the authorities "hands off” approach in most sphere of the corporate’s operations but with a very hefty deterrent measures being put in place as a safeguard.
This seminar seek to :-

  • Provide the participants with a full understanding of the various aspect of changes in the new Act with a comparison of the old provision where appropriate
  • Show the participants how the Companies Act 2015 will transform the way a typical company work; and
  • Explain how participants can prepare for the transition by getting the documentation (possibly, even technology) & internal policy in order

It will consist of a interactive presentation with relevant illustrations and case studies from countries with similar legal provision

Featuring Salient Features On The Legislative Amendments & Other New Provisions

  • Changes in incorporation of companies & the use of the Super Form –the new approach
  • Formation of single shareholder, single director company & their attendance operational issues
  • Effect of not having a constitution & whether an opt in/opt out model is available
  • Solvency statement & the requirement under the Act
  • Migration to no par value regime & it’s effects on dividend payment, solvency declaration & share price consideration
  • Shares and shareholders rights and remedies
  • Corporate governance framework – issues relating to members, directors, secretary and auditors : From appointment to removal & their rights & obligations
  • Meetings & members resolutions
  • New corporate rescue mechanisms & changes to the winding up process
  • Meetings & members resolutions

Mr Kenneth Foo is a Chartered Company Secretary practising since 1991 under his firm of KL Management & Secretarial Services. As a Practising Chartered Secretary, he offers advice and consulting on corporate secretarial, accounts and finance, management consultation and planning, company administration and company law matters.

He has been practising as a Chartered Secretary since 1991. Kenneth served as a Council member of the Malaysian Institute of Chartered Secretaries & Administrators (MAICSA) from 2006 to 2009 and has been a member of various Committees in MAICSA since 2003 until to-date. Kenneth is currently the honorary secretary of the Malaysian Corporate Counsel Association, a non-governmental organization for in-house corporate counsels in Malaysia.

He is also an adjunct lecturer at Universiti Kolej Tunku Abdul Rahman, Kuala Lumpur in case studies, corporate law, corporate secretarial practice and corporate governance. Kenneth is also an accredited speaker and trainer for many professional Associations & Institutes in Malaysia
He is also a regular contributor to MAICSA’s quarterly journal, The Corporate Voice with articles featuring corporate governance and compliance.

  • Company Secretaries
  • Company Directors
  • Accountants Advocates & solicitors
  • Academicians
  • Consultants & other corporate governance practitioners

Seminar Particular

Organisation Particular

Are you a Globalacc Corporate Member or Globalacc Practitioner Member ?

Yes
No
Name (full name) Position Request for vegetarian food?

Payment Particular

Note :

  • All payment shall be made to Globalacc Research & Training Sdn Bhd.
  • Advanced payment is required to secure the seats.

You may bank-in the cheque or transfer to our bank account as follows:

Banker : Public Bank Berhad

Account No. : 313 968 4822

Please email the bank-in slip / transaction slip to globalaccrt@gmail.com for our record and reference in order for us to issue an official receipt.



Notes :

  • Registration will be accepted subject to availability of seats on first come first served basis and receipt of payment in advance.
  • Confirmation of registration and Tax Invoice will be issued in due course.
  • The organizer reserves the right to cancel the event and any payment made shall be refunded in full if the event is subsequently cancelled.
  • Certificate of Attendance will be issued. CPE hour for members of professional bodies is subject to verification and approval of the respective bodies.
  • Application to HRDF for claims is subject to approval by the relevant authority.