COMPANY FORMATION AND ADMINISTRATION
In advising investors on the appropriate legal entities for direct or indirect investment in Malaysia, SCSG operatives have extensive experience in the formation and administration of limited liability companies (among others).
An indicative scope of work for the compliance year of a Malaysian private limited company includes:
- Attending to post-incorporation matters such as First Board Meeting, adoption of Common Seal, appointment of Company Secretary and others
- Ensuring compliance with statutory filings, especially the lodgements of the Annual Return and appropriate financial statements to Companies Commission
- Coordinating the formalities of General Meetings and/or circulation of annual financial statements to the members
- Preparing records of Company and Board resolutions
- Maintaining the Company’s statutory registers
Types of Legal Entity
Aside from contractual joint ventures and consortia, the different legal entities used for business, investment and/or charitable activities in Malaysia include:
- Private limited company
- Public limited company
- Branch of foreign company
- Property trust
- Investment company
- Closed-end fund
- Limited liability partnership
- Company limited by guarantee
- Charitable trust
In addition, there is the broadly analogous range of entities available in the Labuan International Business and Financial Centre.