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Memorandum Of Association Of Automobile Company

Memorandum Of Association Of Automobile Company Template for Malaysia

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Key Requirements PROMPT example:

Memorandum Of Association Of Automobile Company

"I need a Memorandum of Association of Automobile Company for a joint venture between a Malaysian company (51% ownership) and a Japanese automotive manufacturer (49% ownership), focusing on electric vehicle assembly with an initial share capital of RM 10 million, planned to commence operations in March 2025."

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Document background
The Memorandum of Association of Automobile Company is a crucial incorporation document required when establishing an automotive manufacturing or assembly company in Malaysia. This document is mandated by the Companies Act 2016 and must be filed with the Companies Commission of Malaysia (SSM) during the company registration process. It serves as the company's constitutional document, defining its scope of operations, share capital structure, and relationship with stakeholders. The memorandum is particularly important in the automotive sector due to Malaysia's specific regulations regarding manufacturing licenses, foreign ownership restrictions, and compliance with the National Automotive Policy. It forms the foundation for all future company activities and is frequently referenced in corporate transactions, regulatory compliance matters, and stakeholder agreements.
Suggested Sections

1. Name Clause: States the registered name of the automobile company as approved by the Companies Commission of Malaysia (SSM)

2. Registered Office Clause: Specifies the location of the registered office where the company will be situated in Malaysia

3. Objects Clause: Details the main objectives of the automobile company, including manufacturing, assembly, sales, and related activities

4. Liability Clause: States that the liability of members is limited to their shareholding in the company

5. Capital Clause: Specifies the authorized share capital of the company, types of shares, and their nominal value

6. Subscription Clause: Contains details of the initial subscribers, their names, addresses, and number of shares subscribed

Optional Sections

1. Additional Business Activities: Includes secondary business objectives beyond core automobile manufacturing, such as research and development, training, or consulting services

2. Special Rights: Details any special rights attached to different classes of shares, if the company plans to issue different share classes

3. Foreign Ownership Provisions: Special provisions regarding foreign ownership limits and requirements, if applicable

4. Technology Transfer Clause: Provisions related to technology transfer agreements with foreign partners or parent companies

Suggested Schedules

1. Schedule 1: Share Capital Structure: Detailed breakdown of the company's share capital structure, including different classes of shares and their rights

2. Schedule 2: Initial Subscribers: Detailed information about initial subscribers including their identification details, shareholding percentages, and consideration paid

3. Schedule 3: Business Activities: Comprehensive list of all permitted business activities under the objects clause

4. Appendix A: Compliance Requirements: List of specific regulatory requirements and licenses needed for automobile manufacturing operations in Malaysia

5. Appendix B: Corporate Structure: Organizational chart showing the corporate structure and any parent company or subsidiary relationships

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






















Clauses

























Relevant Industries

Automotive Manufacturing

Vehicle Assembly

Auto Parts Manufacturing

Transportation

Industrial Manufacturing

Technology and Electronics

Automotive Retail

Engineering Services

Manufacturing Logistics

Automotive Research and Development

Relevant Teams

Legal

Corporate Secretarial

Board of Directors

Executive Management

Compliance

Corporate Governance

Risk Management

Manufacturing Operations

Business Development

Regulatory Affairs

Relevant Roles

Chief Executive Officer

Company Secretary

Corporate Lawyer

Legal Counsel

Compliance Officer

Board Director

Chief Financial Officer

Corporate Governance Officer

Risk Management Officer

Investment Relations Manager

Automotive Operations Director

Manufacturing Director

Business Development Manager

Regulatory 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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