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 |