What is the requirement/procedure to change the company’s constitution in Malaysia?

In order to amend the company’s constitution, a special resolution must be passed by shareholders representing 75% or more of the company’s issued share capital. The proposed amendment must be in writing and set out in full, including the reasons for the amendment. The directors must then submit a copy of the resolution to the Registrar of Companies within 28 days of its passing.

Why do we need a constitution for a company in Malaysia?

A company in Malaysia needs a constitution to set out the rules and regulations that will govern its operations. This document will help to ensure that all stakeholders – employees, shareholders, and directors – are aware of their rights and responsibilities, and that any disputes or disagreements can be resolved in an orderly and fair manner.

The constitution should also include details about the company’s organisation chart, management structure, financial reporting procedures, and dispute resolution mechanisms. By having a well-drafted constitution in place, you can help to protect your business from potential legal disputes and ensure that it is run in a responsible and efficient manner.

How does a company constitution help in Malaysia?

A company constitution helps to delineate the roles and responsibilities of the company’s directors, officers and shareholders. It also sets out the procedures for how the company will be managed and operated. Having a company constitution in place can help to prevent disputes from arising and can provide clarity on what is expected of everyone involved in the company. Overall, a company constitution can help to make a Malaysian company more efficient and effective.

Can we change the constitution of the company in Malaysia?

Yes, it is possible to change the constitution of a company in Malaysia. The process typically involves filing a new set of articles of association with the Companies Commission of Malaysia (CCM). The new articles will supersede and replace the old one.

If you would like to make changes to your company’s constitution, it is best to seek legal advice from a qualified professional. This is because of certain requirements that must be met so that amendments are valid and enforceable. For example, certain clauses may need to be unanimous amongst all shareholders, or special resolutions may need to be passed by a certain percentage of shareholders.

onecompany.my can assist you with changing your company’s constitution in Malaysia. We have a team of experienced lawyers and accountants who can help you with this process. We can take care of everything for you, from drafting the amendment to filing it with the Registrar of Companies. We will make sure that the process is done quickly and efficiently so that you can focus on running your business. Contact us today to get started.

What is the procedure for changing a company's constitution?

In order to amend the company’s constitution, a special resolution must be passed by shareholders representing 75% or more of the company’s issued share capital. The proposed amendment must be in writing and set out in full, including the reasons for the amendment. The directors must then submit a copy of the resolution to the Registrar of Companies within 28 days of its passing. Using our online service, you can handle everything.

What are the time limits for amending a company's constitution?

The Registrar of Companies must be notified within 14 days of the passing of the resolution to amend the company’s constitution. The amendment will take effect on the date of its registration by the Registrar. You can use our online service to handle this process quickly and easily.

What is the consequence of not amending a company's constitution?

You need to amend the constitutions following the practice of your services. If you do not amend your company’s constitution within the time limit set by the Registrar of Companies, you may be liable to a fine of RM2,000. You can avoid this by using our online service to process it for you.

How can onecompany.my help me with changing my company's constitution?

We have a team of experienced lawyers and accountants who can help you with this process. We can take care of everything for you, from drafting the amendment to filing it with the Registrar of Companies. We will make sure that the process is done quickly and efficiently so that you can focus on running your business. Contact us today to get started.

Why do I need OR why is it important to have a constitution for a company?

A company in Malaysia needs a constitution to set out the rules and regulations that will govern its operations. This document will help to ensure that all stakeholders – employees, shareholders, and directors – are aware of their rights and responsibilities and that any disputes or disagreements can be resolved in an orderly and fair manner.