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Section 101 to 150 of Malaysian Companies Act, 1965

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This page deals with the Section 101 to 150 of Malaysian Companies Act, 1965.

Continuation of Division 6

DIVISION 6: TITLE AND TRANSFEERS

  • Section 101: Company may have duplicate common seal
  • Section 102: Loss or destruction of certificates
  • Section 103: Instrument of transfer
  • Section 104: Registration of transfer at request of transferor
  • Section 105: Notice of refusal to register transfer
  • Section 106: Certification of transfer
  • Section 107: Duties of company with respect to issue of certificates

DIVISION 6A: PROVISIONS APPLICABLE TO COMPANIES WHOSE SECURITIES ARE DEPOSITED WITH THE CENTRAL DEPOSITORY

  • Section 107A: Interpretation
  • Section 107B: Depositor deemed to be member
  • Section 107C: Transfer of securities is by way of book entry
  • Section 107D: Rectification of record of depositors
  • Section 107E: Non-application of section 223 to disposition made by way of book

entry

  • Section 107F: Exemption from Division 6A

DIVISION 7: REGISTRATION OF CHANGES

  • Section 108: Registration of charges
  • Section 109: Duty to register charges
  • Section 110: Duty of company to register charges existing on property acquired
  • Section 111: Register of Charges to be kept by Registrar
  • Section 112: Endorsement of certificate of registration on debentures
  • Section 112A: Assignment and variation of charges
  • Section 113: Entries of satisfacation and release of property from charge
  • Section 114: Extension of time and rectification of register of charges
  • Section 115: Company to keep copies of charging instruments and register of changes
  • Section 116: Documents made out of Malaysia
  • Section 117: Charges, etc., created before commencement of Act
  • Section 118: Application of Division

PART V: MANAGEMENT AND ADMINISTRATION

DIVISION 1: OFFICE AND NAME

  • Section 119: Registered office of company
  • Section 120: Office hours
  • Section 121: Publication of name

DIVISION 2: DIRECTORS AND OFFICERS

  • Section 122: Directors
  • Section 122A: Persons connected with a director
  • Section 123: Restrictions on appointment or advertisement of director
  • Section 124: Qualification of directors
  • Section 125: Undischarged bankrupts acting as directors
  • Section 126: Appointment of directors to be voted on individually
  • Section 127: Validity of acts of directors and officers
  • Section 128: Removal of directors
  • Section 129: Age limit for directors
  • Section 130: Power to restrain certain persons from managing companies
  • Section 130A: Disqualification of directors of insolvent companies
  • Section 131: Disclosure of interest in contracts, property, offices, etc.
  • Section 132: As to the duty and liability of officers
  • Section 132A: Dealings by officers in securities
  • Section 132B: Prohibition on abuse information obtained in official capacity
  • Section 132C: Approval of company required for disposal by directors of company’s

undertaking or property

  • Section 132D: Approval of company required for issue of shares by directors
  • Section 132E: Substantial property transactions involving directors
  • Section 132F: Exception and definition
  • Section 132G: Prohibited transactions involving shareholders and directors
  • Section 133: Loans to directors
  • Section 133A: Prohibition of loans to persons connected with directors
  • Section 134: Register of directors’ shareholdings, etc.
  • Section 135: General duty to make disclosure
  • Section 136: Prohibition of tax-free payments to directors
  • Section 137: Payments to director for loss of office, etc.
  • Section 138: Provisions as to assignment of office
  • Section 139: Secretary
  • Section 139A: Qualification for company secretary
  • Section 139B: Licence to act as company secretary
  • Section 139C: Disqualification
  • Section 139D: Appeal
  • Section 140: Provisions indemnifying directors or officers
  • Section 141: Register of directors, managers and secretaries

DIVISION 3: MEETINGS AND PROCEEDINGS

  • Section 142: Statutory meeting and statutory report
  • Section 143: Annual general meeting
  • Section 144: Convening of extraordinary general meeting on requisition
  • Section 145: Calling of meetings
  • Section 145A: Place of meeting
  • Section 146: Articles as to right to demand a poll
  • Section 147: Quorum, chairman, voting, etc., at meetings
  • Section 148: As to members’ rights at meetings
  • Section 149: Proxies
  • Section 150: Power of Court to order meeting

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