To Carry On The Business Of Buyers Companies in Malaysia
Carrying on the business of buyers companies in Malaysia is subject to the Companies Act 2016 and the Companies Commission of Malaysia (CCM) guidelines. A buyers company is defined as a company that is engaged in the business of acquiring and taking over the business of another company.
The first step in setting up a buyers company is to submit the required documents to the CCM. These documents include the company’s Memorandum and Articles of Association, a list of the company’s directors, and a declaration of compliance with the Companies Act 2016.
Once the CCM has approved the company’s registration, the company can then proceed to carry out its business activities. However, the company must comply with certain requirements, such as maintaining a registered office in Malaysia, appointing at least two directors who are resident in Malaysia, and maintaining a company seal.
It is important to note that a buyers company must not engage in any business activities until the CCM has issued a certificate of incorporation. Failure to comply with this requirement may result in the company’s registration being cancelled.
The first step in setting up a buyers company is to submit the required documents to the CCM. These documents include the company’s Memorandum and Articles of Association, a list of the company’s directors, and a declaration of compliance with the Companies Act 2016.
Once the CCM has approved the company’s registration, the company can then proceed to carry out its business activities. However, the company must comply with certain requirements, such as maintaining a registered office in Malaysia, appointing at least two directors who are resident in Malaysia, and maintaining a company seal.
It is important to note that a buyers company must not engage in any business activities until the CCM has issued a certificate of incorporation. Failure to comply with this requirement may result in the company’s registration being cancelled.
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