Corporate Companies in Malaysia

A corporate company in Malaysia is a legal entity that is registered with the Companies Commission of Malaysia (CCM). A corporate company must have at least two shareholders and a board of directors. The board of directors is responsible for the management of the company. The shareholders elect the board of directors.

A corporate company can be either a private company or a public company. A private company is a company that is not listed on the stock exchange. A public company is a company that is listed on the stock exchange.

A corporate company must prepare financial statements and submit them to the CCM. The financial statements must comply with the Financial Reporting Standards (FRS).

The Companies Act 1965 requires that a corporate company must hold an annual general meeting (AGM). The AGM must be held within eighteen months of the incorporation of the company.

A corporate company must pay corporate tax on its profits. The corporate tax rate is 24%.