Document background
The Memorandum of Association for Company Limited by Guarantee is a mandatory constitutional document required when establishing a non-profit company in Malaysia. This document type is specifically designed for organizations that operate without the goal of distributing profits to members and where members' liability is limited to a guaranteed amount they agree to contribute if the company is wound up. It must comply with the Companies Act 2016 and be filed with the Companies Commission of Malaysia (SSM). The document includes essential information about the company's objectives, governance structure, and member obligations. It's particularly suited for charitable organizations, professional associations, and other non-profit entities that require a formal corporate structure but don't issue shares. The memorandum must be drafted carefully to ensure it meets both regulatory requirements and the organization's long-term objectives.
