In this article, we highlight certain aspects of the Companies Act 2016 (“CA 2016”) that have implications for Lenders and Borrowers. A) Execution of documents: common seal is optional Section 61 of CA 2016 now provides that a company may, but does not need to have the common seal. […]
In view of the coming into force of the Companies Act 2016, Bursa Malaysia had, in March 2017, issued a consultation paper to seek public feedback on its proposed review of Listing Requirements for ACE and Main Markets According to Bursa, the key areas of review under the Listing Requirements include the following: [...]
The Solicitors’ Remuneration (Amendment) Order 2017 (“SRAO”) has been gazetted and came into effect on 15th March 2017. The SRAO increases the rate of the scale of fees to the First Schedule (fees for sales and transfers) and the Third Schedule (fees for charges, debentures, and other security or financing documents) of Solicitors’ Remuneration Order 2005 (“SRO”), [...]
This article is fifth in a series entitled A New Corporate Landscape: Key Changes under the Companies Bill 2015 that our clients should know about. In this article, we outline the major changes relating to the management and restructuring of share capital under the Companies Act 2016 (“new Act”). Key Change 10: No Par [...]
While many of us were overdosing on mandarin oranges and pineapple tarts last week, the Companies Act 2016 (“the new Act”) came quietly into force. Although its debut may have been overshadowed by the CNY celebrations, its far-reaching effects will no doubt become apparent, moving up your priority list long after the mah-jong table [...]
This article is third in a series entitled A New Corporate Landscape: Key Changes under the Companies Bill 2015 that our clients should know about. As alerted in our previous issue of The Legal Link, the Companies Bill 2015 has received Royal Assent and shall come into force next year. We continue our [...]
In this two part series, Liew Siew Pen explains the legal framework and procedures governing compulsory land acquisition Introduction The law of land acquisition is principally concerned with the rules governing the procedures to be followed in acquiring the land by compulsory means and with the awarding of compensation to the dispossessed landowner. The rights [...]