Companies Act 2016 (Act 777): Consolidated Version Current As Of 5 October 2025 – Ilbs

Description

Companies Act 2016 (Act 777)

[As At 5th October 2025]

An Act to provide for the registration, administration and dissolution of companies and corporations and to provide for related matters.

Detailed contents of Companies Act 2016 (Act 777):

The Companies Act 2016 (Act 777) of Malaysia is a comprehensive piece of legislation that governs the incorporation, registration, and management of companies in the country. The Act replaces the previous Companies Act 1965 and aims to provide a more modern, flexible, and user-friendly framework for companies. Some key provisions of the Act include:

• Simplified incorporation procedures, including the ability to incorporate a company online.
• A new concept of “single-member companies” which are companies with only one shareholder.
• Stricter requirements for directors, including stricter obligations to act in the best interests of the company.
• A new framework for corporate governance, including provisions for shareholder engagement and protection of minority shareholder rights.
• New provisions for resolving disputes between shareholders and between companies and their stakeholders.
• An expanded framework for mergers and acquisitions, including simplified procedures for cross-border mergers.

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