Corporations Companies in Malaysia

A corporation is a legal entity that is separate and distinct from its owners. In Malaysia, corporations are regulated by the Companies Act 1965. Companies in Malaysia must comply with the requirements of the Companies Act in order to be registered and to operate legally.

The Companies Act requires that a company have at least two directors, a company secretary, and a registered address. A company must also have a constitution, which sets out the rules governing the company's internal affairs.

A corporation is a separate legal entity from its owners, and as such, it has certain rights and responsibilities. For example, a corporation can enter into contracts, sue and be sued, and own property.

A corporation is also liable for its own debts and obligations. This means that if a corporation goes bankrupt, its creditors cannot go after the personal assets of the company's owners.

There are several types of corporations in Malaysia, including public and private companies. Public companies are those that are listed on a stock exchange, while private companies are those that are not.

Foreign companies are also allowed to register and operate in Malaysia. However, there are some restrictions on foreign ownership of companies in certain industries.