Cliffords Chance - Malaysia（clifford机会马来西亚）.pdf

Malaysia 42 This legal and investment guide does not purport to be comprehensive or constitute any legal advice. It is only a guide. The information and the laws referred to are correct as at July 2009, but they may change quickly. If you would like any advice or further information on anything contained in this guide, please contact Clifford Chance or any of the regional law firms who contributed to this guide - full contact details can be found on the inside back cover. © Clifford Chance 2009 3 Malaysia 1. What are the forms of business entity in Malaysia? A degree of flexibility can be given to the management under the articles of association, including the ability to change the Common forms of entity management, alter procedures and delegate responsibility to committees. Alternatively, the shareholders can, via the articles „ Private company limited by shares of association, restrict the powers of management, retaining „ Public company limited by shares (listed/unlisted) control over the day-to-day running of the company. „ Partnership Are there any residency requirements for directors? Less common forms of entity A company is required to have at least two directors who must „ Companies limited by guarantee have their principal or only place of residence in Malaysia. These „ Unlimited companies