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Business Articles Of Incorporation Template for Malaysia

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Key Requirements PROMPT example:

Business Articles Of Incorporation

"I need Business Articles of Incorporation for a new Malaysian technology startup that will have multiple founding shareholders and plans to seek venture capital funding in 2025. The document should include provisions for different share classes and investor protection mechanisms."

Document background
Business Articles of Incorporation are required when establishing a new company in Malaysia or converting an existing business into a corporate entity. This document is mandated by the Companies Act 2016 and must be filed with the Suruhanjaya Syarikat Malaysia (SSM). It contains critical information about the company's structure, including share capital arrangements, shareholder rights, management framework, and operational procedures. The document serves as the company's constitution and is legally binding on all shareholders and officers. It's particularly important as it establishes the basic framework for corporate governance and provides clarity on how the company will be managed and operated. The Articles must comply with Malaysian law and can be referenced in legal proceedings or disputes regarding company matters.
Suggested Sections

1. Company Name and Registration: States the official name of the company and its registration number

2. Status of the Company: Specifies that the company is a private company limited by shares

3. Registered Office: States the location of the company's registered office in Malaysia

4. Objects and Powers: Defines the primary business objectives and powers of the company

5. Share Capital: Details the authorized share capital, classes of shares, and rights attached to shares

6. Members' Liability: States that liability of members is limited to their share capital contribution

7. Directors and Management: Establishes the structure of company management and directors' powers

8. Meetings: Rules for conducting shareholders' and directors' meetings

9. Share Transfer and Transmission: Procedures for transferring shares and restrictions on transfer

10. Dividends and Reserves: Rules governing dividend declarations and maintenance of reserves

Optional Sections

1. Pre-emptive Rights: Provisions giving existing shareholders first right to purchase new shares - used when wanting to maintain existing ownership proportions

2. Tag-Along Rights: Provisions protecting minority shareholders in case of sale by majority - used for investor protection

3. Board Committees: Structure and powers of specific board committees - used for larger companies with complex governance needs

4. Alternate Directors: Provisions for appointment of alternate directors - used when flexibility in director attendance is needed

5. Different Classes of Shares: Detailed provisions for different share classes - used when company wants multiple types of shares with different rights

6. External Investment Provisions: Specific provisions related to external investors - used when expecting future investment rounds

Suggested Schedules

1. Schedule 1: Initial Subscribers: Details of the founding shareholders and their initial shareholdings

2. Schedule 2: Share Capital Structure: Detailed breakdown of share classes and rights attached to each class

3. Schedule 3: Directors' Powers: Comprehensive list of specific powers granted to directors

4. Schedule 4: Meeting Procedures: Detailed procedures for various types of company meetings

5. Appendix A: Form of Share Certificate: Template for the company's share certificates

6. Appendix B: Board Resolution Templates: Standard templates for common board resolutions

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























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Relevant Industries

Technology

Manufacturing

Retail

Professional Services

Financial Services

Healthcare

Education

Real Estate

Construction

Food and Beverage

Agriculture

Tourism

Energy

Transportation

Telecommunications

Relevant Teams

Legal

Corporate Secretariat

Board of Directors

Executive Leadership

Compliance

Corporate Governance

Finance

Risk Management

Investor Relations

Business Development

Relevant Roles

Chief Executive Officer

Managing Director

Company Secretary

Corporate Lawyer

Legal Counsel

Board Director

Chief Financial Officer

Compliance Officer

Corporate Governance Officer

Risk Manager

Business Development Director

Shareholder Relations Manager

Investment Manager

Company Founder

Entrepreneur

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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