Companies Bill for Finance Professionals
21st February 2017
Hotel Istana Kuala Lumpur
The Malaysian House of Representative passed the Companies Bill 2015 (“Bill”) on 4 April 2016, and the Bill was subsequently passed by the Senate on 28 April 2016. The Bill was formulated with an aim to revamp the existing corporate landscape in Malaysia under the Companies Act 1965 (“CA 1965”). The Bill received Royal Assent on 31 August 2016 and was gazetted as Companies Act 2016 (“CA 2016”) on 15 September 2016. The CA 2016 has yet to come into force.
The CA 2016 aims to increase the ease of doing business in Malaysia, reduce the costs of compliance and improve corporate governance and internal control of companies in Malaysia. With the passing of the CA 2016, it is now a more conducive and dynamic
environment for corporate affairs in Malaysia.
This workshop will highlight the main game-changers under the CA 2016. Some of the provisions under the CA 2016 affect companies from the accounting and finance perspectives. Amongst the game-changers include the move to no par value regime, changes in the financial reporting obligations of companies, simplification of procedures for capital reduction and financial assistance whitewash.
Take away with you skills and strategies on:
- • An insight to the main changes under the Companies Act 2016
• How it will affect the finance/ account division?
• The implications of the changes and pre-empting probable pitfalls
• The relevance of the changes