What is Section 4 of Companies Act?

What is Section 4 of Companies Act?

(4) For the purposes of this Act, a company shall be deemed to be the holding company of another if, but only if, that other is its subsidiary. (5) In this section, the expression” company” includes any body corporate, and the expression” equity share capital” has the same meaning as in sub- section (2) of section 85.

What is the maximum number of members for a professional partnership firm pursuant to the Companies Act 1965?

2.4 Structure of membership According to Section 47(2) of Partnership Act 1961, there must be at least two persons to form a partnership with the maximum limit of 20 numbers of partners. However, in the case of professional partnership, there is no maximum limit stipulated.

What does Section 19 of the Companies Act 2016 State?

Under the CA 2016, the process of incorporating a company is simplified. The notice of registration is conclusive evidence that the company is duly registered (section 19). The ROC may issue a certificate of incorporation only upon an application by the company and payment of the prescribed fee.

What is the difference between Companies Act 1965 and 2016?

Under the Companies Act 1965 (“Old Act”), a memorandum and articles of association (“M&A”) is required for a company to be incorporated. Under the Companies Act 2016 (“New Act”), the M&A is replaced by Constitution.

Is Companies Act 1965 still applicable?

With the coming into force of the new Act, the Companies Act 1965 (“CA 1965”) has been repealed. Simultaneously, the following came into force on 31 January 2017: Companies Regulations 2017. Interest Schemes Act 2016.

Is AGM compulsory for private company?

The Companies Act, 2013 makes it compulsory to hold an annual general meeting to discuss the yearly results, auditor’s appointment and so on. A company should follow the procedures under the Companies Act, 2013 to conduct the AGM.

What was the Companies Act of 1965 in Malaysia?

THE COMPANIES ACT, 1965 MALAYSIA PUBLIC COMPANY LIMITED BY SHARES MEMORANDUM And ARTICLES OF ASSOCIATION Of SUNWAY CONSTRUCTION GROUP BERHAD (Company No. 1108506-W) Incorporated on the 10thday of September 2014 1 THE COMPANIES ACT, 1965 _____________________________ PUBLIC COMPANY LIMITED BY SHARES _____________________________

What is Section 4 of the Companies Act 1965?

COMPANIES ACT 1965 (REVISED – 1973) PART I – PRELIMINARY Section 4. Interpretation. (1) In this Act, unless the contrary intention appears—

Which is part of the Companies Commission of Malaysia?

PART I – PRELIMINARY Section 1. Short title. Section 2. (Omitted). Section 3. Repeals. Section 4. Interpretation. Section 5. Definition of subsidiary and holding company.

What are the powers of a company in 1965?

The powers of a company as set forth in the Third Schedule to the Companies Act, 1965 shall apply to the Company 5. The liability of the members is limited 6. The share capital of the Company is RM2,000,000,000/ Adopted by- divided into 10,000,000,000 ordinary shares of RM0.20 each.