The New Companies Act 2016 (CA 2016)

29 Sep, 2017, 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

 

LEARN FROM THE BEST

HARI RAMULU MUNUSAMY is a Business Financial Consultant cum Lecturer, with wide experience in public practice and in financial management & public sector accounting, auditing and taxation educational process, having been in the profession and industry since October 1976.

 

He started his career with Messrs F. H. Eiles & Co., a firm of Chartered Accountants in London as an Audit Assistant in October 1976. Subsequently, he continued his career as an Audit Supervisor with Messrs Coopers & Lybrand (now known as PricewaterhouseCoopers), Kuantan in May 1984. In January 1986 he joined Messrs Senthe & Co (a firm of Chartered Accountants in private practice in Petaling Jaya), as an Audit Manager, till December 2006. Over the years, he gained knowledge, experience, skills and expertise in accounting, auditing and taxation services including tax investigation, forensic accounting and company floatation.

 

Between 1993 and 2006, he had conducted seminars and courses in financial accounting, internal auditing, external auditing, and taxation to practitioners and general public. Notable and worthy of mention are: taxation seminars for Permodalan Nasional Berhad (PNB), auditing for FELDA, forensic accounting for ROYAL CUSTOMS MALAYSIA, and executive accounting and financial statements analysis course for Pahang ADUNs through Yayasan Pahang. He was the unofficial consultant to the State Secretary and Chief Minister of Pahang from 1997 to 2000.

 

He is deemed to be a prolific presenter with excellent commendations from participants. In 2008 he presented several seminars relating to taxation, costing, budgeting, financial statements analysis, accounting standards, preparation of financial statements, and forensic accounting. Professionally, he is a Fellow member of the Association of Chartered Certified Accountants of U K, a Chartered Accountant of the Malaysian Institute of Accountants, an Associate member of the Malaysian Institute of Taxation, a Chartered member of the Institute of Internal Auditors of Malaysia (affiliate of U SA), and an Associate member of the Certified Fraud Examiners of U SA. His academic qualifications are: Diploma in Accountancy (Newcastle-Upon-Tyne, England), and Master of Business Administration (Accounting) from University of Newcastle, USA.

 

VENUE DETAILS

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

Phone :03 2147 0088

 

IPA TRAINING IS REGISTERED WITH

 

CONTACT US

Juliany, 
O - 03 2283 6109,
M - 019 3134436
juliany@ipa.com.my 

Michelle, 
O - 03 2283 6100, 
M - 019 363 7822
michelle@ipa.com.my 

For Customised In-House Training
Yvonne,
O - 03 2283 6101, 
M - 012 2011247,

F - 03 2283 6108
 
yvonne@ipa.com.my
 

ADDRESS 

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