Legal Topics

This text has a comprehensive coverage of the major changes introduced by the new Companies Act 2016, including the following: no par value share system; one-person companies; unlimited capacity; optional constitution; optional objects clause; general abolition of the ‘constructive notice’ doctrine; new provisions on share buy-backs and reduction of capital; the re-vamping of insolvency laws; and the corporate rescue mechanism. Also considered are the new Malaysian Code on Take-overs and Mergers 2016 and the derivatives regime.