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Type of Company
All companies must be registered with the Registry of Companies, Ministry of Finance.
WHAT IS A COMPANY?
A company is a business entity that is registered under the Companies Act, Chapter 39. It has a legal personality which means that it has the right to own properties, have a perpetual succession and can sue or be sued in its own name. It is identifiable with the word "Sendiran Berhad" or "Sdn Bhd‟ and "Berhad" or "Bhd‟.
A company must have at least two (2) shareholders and at least two (2) directors.
WHAT ARE THE TYPES OF COMPANY?
|Private Company||Up to 50 or fewer shareholders and restricted in share transfer|
|Public Company||Has more than 50 shareholders and can offer shares and debentures to the public|
|Foreign Company||A branch of Foreign company registered in another country|