Chapter 8: Company Law

Definition :Corporate law (also "company" or "corporations" law) is the study of how                           shareholders, directors, employees, creditors, and other stakeholders such as                        consumers, the community and the environment interact with one                                            another.Corporate law is a part of a broader companies law 

                   (or law of business associations)

Type of Business Organization

COMPANY LAW IN MALAYSIA

*  The Companies Act 1965 and the Companies regulations 1966 form the core in the regulation of companies in Malaysia.

  * The Act is modeled on the English Companies Act 1948 and the Australian Uniform               Companies Act 1961.

PROCEDURE FOR INCORPORATION

*Pre-incorporation steps

1. Reservation of names :-apply for the company name and reserved it. [s.22(6)]

2. Documentation-among documents to be lodged with the Registrar.

3.fees:- must be paid when document is lodged with ROC.

EFFECT OF INCORPORATION

*S 16(5) – provides that on and from the date  of incorporation 

specified in the certificate of incorporation, the subscribers of 

the memorandum, together with such other persons as from time 

to time become members of the company, are a a body corporate 

by the name set out in the memorandum.

*i.e: after the necessary steps leading to incorporation have been 

taken and a certificate of incorporation has been issued by the 

Registrar, a new legal entity is created.