Company law reform in Malaysia: Selective issues

In 2007, a Bill was passed by Malaysian Parliament, later known as the Companies Act (Amendment) 2007. There were amendments, additions, modifications and deletions made to the previous existing provisions in the Malaysian Companies Act 1965. The new set of laws reforms the crucial aspects in compan...

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Bibliographic Details
Main Authors: Abdul Samat, Nor Hayati, Wan Ahmad, Wan Izzat
Format: Book Section
Language:English
Published: Universitas Islam Riau Indonesia 2010
Subjects:
Online Access:http://repo.uum.edu.my/2728/1/NOR_HAYATI.pdf
http://repo.uum.edu.my/2728/
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Institution: Universiti Utara Malaysia
Language: English
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Summary:In 2007, a Bill was passed by Malaysian Parliament, later known as the Companies Act (Amendment) 2007. There were amendments, additions, modifications and deletions made to the previous existing provisions in the Malaysian Companies Act 1965. The new set of laws reforms the crucial aspects in company law especially in the management of Malaysian companies. It also marks the beginning of better future in corporate sectors. Malaysia is indeed gearing up towards more advanced and sophisticated regulatory system in respect of corporate management. This paper will explore the changes made by the 2007’s amendment and its effect towards Malaysian companies.