The Malaysian Corporate Law Reform Programme was officially
launched by the Companies Commission of Malaysia (CCM)
on 1 September 2004. In line with this programme, the Corporate Law Reform
Committee (CLRC) was established by CCM to undertake a comprehensive review of
the Companies Act, 1965 ("the Act") to reflect the current and future needs of
the business environment.
Under the CLRC ("the Steering Committee"), the following four (4) working
groups have been formed to review specific areas of the Act and submit their
reports and draft proposals to the Steering Committee: |
|
| a. |
Working Group A: Company’s Formation, Private Companies and
Alternative Forms of Business Vehicles |
| b. |
Working Group B: Capital Raising & Capital Maintenance Rules |
| c. |
Working Group C: Corporate Governance & Shareholders’ Rights |
| d. |
Working Group D: Corporate Securities & Insolvency |
|
| To ensure a wide based consultation process, the Steering
Committee may use the following consultation methods: |
|
| i. |
consultation at preliminary stages on specific issues as well as
on the documents containing the draft proposals; |
| ii. |
informal consultation via restricted circulation of documents; and |
| iii. |
public consultation through the publication of consultation
papers and exposure drafts of proposed legislative text. |
|
The Institute will place consultation papers released by the
Steering Committee for public consultation on the MAICSA website. Members are
encouraged to respond with their comments on the consultation paper by e-mailing
their comments to technical@maicsa.org.my.
Additionally, members may also submit general issues relating to
the Companies Act 1965, in line with the Corporate Law Reform Programme, to the
aforesaid e-mail address. These issues will be noted and highlighted to the
Steering Committee where appropriate. |
|
| Consultative Documents |
|