(b) Companies in Malaysia

(B) Companies in Malaysia are required to comply with the Companies Act 1965 and the Companies Commission of Malaysia (CCM) in relation to the registration, incorporation, management and operation of their businesses.

The Companies Act 1965 sets out the requirements for the registration and incorporation of companies in Malaysia, as well as the rules governing the management and operation of companies. The CCM is the statutory body responsible for the administration and regulation of companies in Malaysia.

Companies in Malaysia are generally classified as private or public companies. Private companies are further classified as either limited liability companies or unlimited liability companies.

Public companies are required to have a minimum paid-up capital of RM2.5 million, while private companies can be incorporated with a minimum paid-up capital of RM500,000.

Foreign companies are also allowed to register and operate in Malaysia, subject to certain conditions and restrictions.