Consultation and advice on legal compliance involve providing guidance on the legal requirements that apply to the company's operations. This includes reviewing contracts, policies, and procedures to ensure they comply with relevant laws and regulations. It may also involve training employees on legal compliance and conducting audits to identify any areas of non-compliance.
1. Section 68 is a requirement under the Companies Act 2016 in Malaysia that mandates companies to maintain a register of members containing information about their shareholders. This information includes their names, addresses, and the number of shares they hold in the company.
1. The register must be updated regularly and submitted to the Companies Commission of Malaysia (SSM) within 14 days of any changes being made. Failure to comply with this requirement can result in penalties and fines for the company.
2. It is important for companies to comply with this requirement as it ensures transparency and accountability in the company's ownership structure. Additionally, submitting Section 68 to SSM helps to maintain the integrity of the business and its operations, as well as ensuring compliance with legal requirements.
1. We will identify the need for the resolution: The first step in preparing the resolution is to identify the need for it. This usually happens when the company's annual return is due, and the board of directors needs to authorize its lodgement. The purpose of the resolution should be clearly defined and should state the decision that the board of directors has made.
2. Drafting the resolution: The next step is to draft the resolution. The resolution should be in writing and should clearly state the decision that the board of directors has made. It should also state the date on which the decision was made and the names of the directors who were present at the meeting.
3. Get the resolution signed: Once the resolution has been drafted, it should be circulated among the directors for their approval. The resolution should be signed by all the directors who were present at the meeting where the decision was made. If any director was absent, they should be given an opportunity to sign the resolution at a later date.
4. Lodge the annual return: Once the resolution has been signed by all the directors, the company can proceed to lodge its annual return with the relevant authority. The resolution should be attached to the annual return as evidence that the lodgement has been authorized by the board of directors.
Once your company has notified us to appoint a new director, we will do preparation of Section 58 – Notification of change in the register of directors, managers.
The board of directors must approve the appointment of a new director by signing the board resolution.
Once the documents and board resolution are completed, we will submit them to the Companies Commission of Malaysia (SSM).