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The New Companies Act 2016 (CA 2016)

29 Sep, 2017, Parkroyal Kuala Lumpur

IPA Training is Registered with

Venue Details

Parkroyal Kuala Lumpur
Jalan Sultan Ismail, Bukit Bintang,, 50250 Kuala Lumpur,

Click For Hotel Location


Phone : 03 2147 0088

Contact us

FOR COURSE DETAILS

Juliany,

Office: 03 2283 6109

Mobile: +60 122281247

juliany@ipa.com.my

Phoebe,

Office: 03 2283 6100

Mobile: +60 193637822

phoebe@ipa.com.my

Bee Teng,

Office: 03 2282 6112

Mobile: +60 172566121

beeteng@ipa.com.my

FOR CUSTOMISED IN-HOUSE TRAINING

ADDRESS

A-28-5, 28th Floor, Menara UOA Bangsar,
No.5, Jalan Bangsar Utama 1,
59000 Kuala Lumpur

FOCUSING ON
  • SESSION 1: WHY Changes?
  • SESSION 1: Formation and Administration
  • SESSION 2: Par Value
  • SESSION 2: Simplified Capital Reduction and Share Buy-Back Procedures
  • SESSION 2: Financial Assistance
  • SESSION 2: Audited Financial Statements
  • SESSION 3: Corporate Rescue Mechanism
  • SESSION 4: Auditors and Company Secretaries
OVERVIEW

The Companies Act 2016 was gazetted on 15 September 2016, formulated with the objective of increasing the ease of doing business in Malaysia, reducing the cost of compliance and improving corporate governance and internal control of companies.

 

Although the CA 2016 has yet to come into force, however it is imperative for professionals to be conversant with the changes CA 2016 brings.

 

Compared to the Companies Act 1965 (CA 1965), certain provisions were deemed obsolete due to economic developments, corporate sector expansion and globalization, have been deleted and more conducive and dynamic environment for corporate affairs in Malaysia under the CA 2016, have been incorporated.

 

This one day course will highlight the main changes under the CA 2016, from the formation and administration process, internal control and corporate governance, as well as the accounting and finance perspectives.

OBJECTIVES

This course aims to provide:

  • Insights to the main changes under the CA 2016
  • Implication of the changes
  • Importance or relevance of the changes
WHO SHOULD ATTEND?
  • Chief Executive Officers
  • Chief Financial Officers
  • Accountants
  • Finance Managers
  • Operational Managers
  • Business Development Managers
  • Company Secretaries
  • Secretarial Assistants
  • Company Administrators
  • Company Directors
  • Sole Proprietors
  • Business Partners
  • Entrepreneurs
  • Advocates & Solicitors
  • Academicians
  • Corporate Governance Practitioners
METHODOLOGY

Power-point presentation and Interactive sessions

WHAT YOU WILL LEARN
9:00 SESSION 1
WHY Changes?
Formation and Administration

• Single director and single shareholder
• Constitution vs Memorandum & Articles of Association
• Abolishment of mandatory annual general meeting

10:45 SESSION 2
Par Value
  • Abolishment of par value
  • Transition from par value to no par value
  • Amount standing in the share premium account and capital redemption reserve

    Simplified Capital Reduction and Share Buy-Back Procedures
  • Is this good?

    Financial Assistance
  • Financial assistance under the Act
  • What are the safeguards to shareholders?

    Audited Financial Statements
  • Time period for filing
  • Formalities
  • Financial reporting framework Dividends
  • Claw-back
1:00 Lunch

2:00

SESSION 3
Corporate Rescue Mechanism

  • Corporate voluntary arrangement
  • Judicial management
3:45 SESSION 4
Auditors and Company Secretaries
  • Appointment and removal
  • Resignation
  • Qualification
  • Corporate governance
5:00 End of Course