Business Of Companies in Malaysia

The business of companies in Malaysia is governed by the Companies Act 1965. This act provides for the incorporation of companies and sets out the rules and regulations governing their operation. The Companies Commission of Malaysia (CCM) is the statutory body responsible for the registration of companies in Malaysia.

The business of a company in Malaysia is carried out by its board of directors. The board is responsible for the management of the company and its affairs. The board may delegate its powers and functions to committees of the board or to individual directors.

The shareholders of a company are the ultimate owners of the company. They elect the board of directors and have the power to remove them from office. The shareholders also have the right to approve or veto major decisions of the company.

The Companies Act 1965 provides for the registration of companies in Malaysia. A company must be registered with the Companies Commission of Malaysia (CCM) before it can commence business. The registration process is simple and straightforward. A company must submit the required documents and information to the CCM, and pay the prescribed fees.

Once registered, a company must comply with the provisions of the Companies Act 1965. It must maintain proper accounting records and prepare financial statements. It must also hold an annual general meeting of