Circular No 155/2022
Dated 3 June 2022

To Members of the Malaysian Bar

Consultative Document on the Proposed Conditions to be Imposed on Companies Limited by Guarantees under Subsection 45(5) of the Companies Act 2016

The Companies Commission of Malaysia (“SSM”) has shared their consultative document on the proposed conditions to be imposed on companies limited by guarantees under subsection 45(5) of the Companies Act 2016 (“the Act”) on 13 May 2022.  The consultative document sets out the policies and recommendations in relation to the conditions to be complied with by a company limited by guarantee when granted licences under subsections 45(3) or (4) of the Act.

The objective of this consultative document is to obtain feedback from the public on the proposed conditions to be imposed by the Minister when granting a licence pursuant to subsection 45(5) of the Act.

The consultative document is available here (see page 2 onwards).

Members are invited to provide their comments by email to both Officers, Eden-Joy Kalom (eden@malaysianbar.org.my) and Dhyana Sivabalan (dhyana@malaysianbar.org.my), on or before 13 June 2022 (Monday).

Thank you.

Anand Raj and Wong Tat Chung
Co-Chairpersons
Corporate and Commercial Law Committee

To view the full circular, please click here to log into the Malaysian Bar website, then return to this circular and click here.