Requirements to Act as Company Shareholder of Malaysia Private Limited Company

Update Date:2018-10-31 15:28:43 Source:Tannet (Malaysia) Sdn Bhd Views:290

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Below are the requirements to be fulfilled in order to help an individual to act as company shareholder in Malaysia Private Limited Company:

i.  Minimum aged of 18 and above.

ii. Not involved in bankruptcy.

iii. Not been in convicted and imprisoned condition.

Malaysia Limited Company can be categorized into two types:

i. Malaysia Private Limited Company 

ii. Malaysia Public Limited Company

Malaysia Private Limited Company :

Malaysia Sendirian Berhad (SDN BHD) is a private limited company. It prohibits any invitation for the public to subscribe to any of its shares, deposit money with the company for investment or subscription. The minimum number of members in a private limited company is ONE (1) and the maximum is FIFTY (50) ONLY.

Malaysia Public Limited Company :

Malaysia Berhad (BHD) is a public limited company. The shares of Malaysia Public Limited Company can be offered to the public for fixed periods and any other forms of subscription. The minimum number of members’ (shareholders) is ONE (1) and it can have unlimited amount of members. Although not necessarily so, public limited companies are usually listed companies. A public limited company (Berhad) is also governed by the Securities Commission of Malaysia.

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