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For Profit Articles Of Incorporation

For Profit Articles Of Incorporation Template for Malaysia

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Key Requirements PROMPT example:

For Profit Articles Of Incorporation

"I need For Profit Articles of Incorporation for a Malaysian technology startup with three co-founders, planning to launch in March 2025, including provisions for future venture capital investment and employee share options."

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Document background
For Profit Articles of Incorporation are essential when establishing a new company in Malaysia or converting an existing business into a corporate entity. This document serves as the company's constitutional document under the Companies Act 2016, defining the organization's purpose, structure, and operational framework. It is required for company registration with the Companies Commission of Malaysia (SSM) and provides the legal foundation for corporate governance, shareholder rights, and management responsibilities. The Articles must align with Malaysian regulatory requirements while accommodating the specific needs of the business, covering aspects such as share capital structure, decision-making processes, and corporate administration.
Suggested Sections

1. Company Name and Details: States the company's name, registration number, and type of company (private limited company/Sdn Bhd)

2. Definitions and Interpretation: Defines key terms used throughout the document and establishes interpretation rules

3. Objects and Powers: Specifies the company's business objectives and corporate powers

4. Share Capital: Details the company's authorized share capital, classes of shares, and rights attached

5. Members' Rights and Obligations: Outlines shareholders' rights, voting powers, and responsibilities

6. Share Transfers: Procedures and restrictions for transferring shares

7. General Meetings: Rules for conducting shareholders' meetings, notice requirements, and voting procedures

8. Directors: Appointment, removal, powers, and duties of directors

9. Board Meetings: Procedures for board meetings, quorum requirements, and decision-making processes

10. Company Secretary: Requirements and duties of the company secretary

11. Dividends and Reserves: Policies on dividend distribution and maintenance of reserves

12. Accounts and Audit: Requirements for financial record-keeping and audit procedures

Optional Sections

1. Preference Shares: Include when the company plans to issue different classes of shares with specific rights and preferences

2. Executive Officers: Include when establishing specific positions like CEO, CFO with defined roles and responsibilities

3. Borrowing Powers: Include detailed provisions when the company anticipates significant borrowing activities

4. Alternate Directors: Include when allowing directors to appoint alternates during their absence

5. Electronic Communications: Include specific provisions for electronic notices and meetings when company wants to emphasize digital operations

6. Indemnification: Include detailed indemnification provisions for directors and officers when enhanced protection is desired

7. Shareholder Pre-emptive Rights: Include when giving existing shareholders priority rights in new share issues

Suggested Schedules

1. Schedule 1: Initial Subscribers: Details of founding shareholders including names, addresses, and initial shareholding

2. Schedule 2: Share Capital Structure: Detailed breakdown of share classes, rights, and initial allocation

3. Schedule 3: First Directors: List of initial directors and their details

4. Schedule 4: Corporate Seal: Description and rules regarding the company seal if adopted

5. Appendix A: Proxy Form: Standard form for appointing proxies at general meetings

6. Appendix B: Share Certificate Format: Template for share certificates

7. Appendix C: Board Resolution Templates: Standard formats for common board resolutions

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions



































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Relevant Industries

Technology

Manufacturing

Financial Services

Retail

Healthcare

Real Estate

Professional Services

Construction

Agriculture

Education

Hospitality

Energy

Telecommunications

Transportation

E-commerce

Relevant Teams

Legal

Corporate Secretarial

Compliance

Executive Leadership

Board of Directors

Corporate Governance

Risk Management

Corporate Affairs

Finance

Administrative

Relevant Roles

Chief Executive Officer

Company Secretary

Corporate Lawyer

Legal Counsel

Compliance Officer

Chief Financial Officer

Board Director

Corporate Governance Officer

Managing Director

Chief Legal Officer

Business Development Manager

Risk Manager

Company Director

Corporate Affairs Manager

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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