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BORHAN MOHD DOYA vs MAHA PERSADA CAPITAL SDN BHD; DATO IR HJ YUSNI MEON (APPLICANT/INTERVENER) - 2017 MarsdenLR 1596
"]BORHAN MOHD DOYA vs MAHA PERSADA CAPITAL SDN BHD; DATO IR HJ YUSNI MEON (APPLICANT/INTERVENER) - 2017 MarsdenLR 1596
"]BORHAN MOHD DOYA vs MAHA PERSADA CAPITAL SDN BHD; DATO IR HJ YUSNI MEON (APPLICANT/INTERVENER) - 2017 MarsdenLR 1596
"] ["1970 0 Supreme(SC) 76"]Sources confirm Section 50 CA 2016 requires companies to maintain a register of members, serving as prima facie evidence, with inspection rights, but do not explicitly state it must be kept at the registered office (unlike implied CA 1965 precedents). No direct support for location mandate in provided materials. ["
BORHAN MOHD DOYA vs MAHA PERSADA CAPITAL SDN BHD; DATO IR HJ YUSNI MEON (APPLICANT/INTERVENER) - 2017 MarsdenLR 1596
"]
In the world of Malaysian company law, maintaining accurate records is crucial for compliance, governance, and resolving disputes. A common question arises: under (CA 2016), must companies maintain a register of members at their registered office? This query touches on fundamental obligations for businesses, especially those limited by shares or guarantee. While the register of members is pivotal for proving ownership and shareholdings, the specific location requirement isn't straightforward. Let's dive into the legal landscape, drawing from key provisions and authoritative documents.
The register of members is the cornerstone for establishing who qualifies as a 'member' of a company. Under CA 2016, Section 2 defines a 'member' clearly: (a) in the case of a , a person whose name is entered in the register of members as the holder for the time being of one or more shares in the company; or (b) in the case of a , a person whose name is entered in the register of members.
This definition underscores the register's evidentiary power. Earlier under the (CA 1965), Section 158 required every company to keep a register of its members and enter therein the particulars of its members and in the case of a company having a share capital a statement of the shares held by each member, the date at which the name of each person was entered in the register as a member, the date of every allotment of shares to members and the number of shares comprised in each allotment.
Furthermore, Section 158(4) of the Act reads: The register of members shall be of any matters inserted therein as required or authorized by this Act.
These principles carry over into CA 2016, emphasizing the register's role as in disputes over membership or shareholdings. For listed companies, additional layers apply under the via depositor accounts, but the core register remains essential.
A direct search through relevant legal documents reveals no explicit reference to Section 50 of CA 2016 imposing a duty on companies to maintain the register of members at the registered office. Discussions center on the register's content, maintenance, and evidentiary value rather than its physical location. No provision ties the register of members specifically to the registered office under CA 2016 or its predecessor.
This absence contrasts with other statutory requirements. For instance, while the documents do not link the members' register to the registered office, they highlight its importance for inspection rights and legal proof without mandating a location.
It's worth noting a key distinction with other registers. Under CA 1965, Section 141 explicitly requires: Every Company shall keep its registered office a register of its director, managers and secretaries.
This pertains to Form 49 and includes director particulars, but does not extend to the register of members.
Similar patterns appear in comparative contexts. For example, under , Section 303 mandates: Every company is required to keep at its registered office a register of its Directors, Managing Director, manager and secretary containing the particulars... 2016 5 Supreme 417 2011 0 Supreme(UK) 69 2011 1 Supreme 742 These provisions reinforce that directors' registers often have explicit registered office requirements, unlike members' registers in Malaysian law as per the reviewed documents.
In practice, companies typically keep the register of members accessible, often at the registered office or principal place of business, to facilitate inspections. However, no statutory compulsion under Section 50 CA 2016 is evident from the sources.
For public listed companies, reliance on the register may shift due to central depository systems under SICDA, potentially reducing the need for a traditional physical register.
Striking off provisions under CA 2016 Sections 550-554 can dissolve companies, affecting register access indirectly, but not its maintenance location.
Other sources touch on related themes, such as under banking laws or accreditation guidelines, but none address Section 50 CA 2016 directly for members' registers.
In Indian jurisprudence, failure to update the register of members can undermine claims, as seen in cases stressing compliance with transfer procedures under Sections 108 and 150. 2012 0 Supreme(Del) 2126
Companies should prioritize accurate maintenance of the register to avoid disputes. While not explicitly required at the registered office under Section 50 CA 2016, best practices suggest keeping it there for easy access by members, auditors, or regulators. Non-compliance with general maintenance duties could invite penalties, though location-specific issues remain unaddressed in the documents.
In analogous scenarios, courts have emphasized the register's primacy. For instance, may not confer membership status. 2012 0 Supreme(Del) 2126 Directors post-resignation are not liable for subsequent company actions, highlighting the need for timely updates. 2016 5 Supreme 417
This analysis is based on reviewed legal documents and generally reflects positions under CA 2016. However, laws evolve, and specifics may vary by company type. Companies should consult primary legislation, the (SSM), or legal professionals for tailored advice. This post is for informational purposes only and not a substitute for professional legal counsel.
References:1.
: CA 1965 s 158 details.2.
: Inspection and evidentiary role.3.
: CA 2016 s 2 definition.4.
: Member definition reinforcement.5.
: Directors' register location. #CompaniesAct2016 #MalaysiaCompanyLaw #RegisterOfMembers
Section 50(1) of the CA 2016 read herewith and reproduced as follows: 50. Registrar of members (3) The registrar of members shall be prima facie evidence of any matters inserted in the registrar as required of the authorised by this Act. ... [NOTE: Section 158(4) of the CA 1965 stipulates that the Register of Members shall be prima facie evidence on any matters inserted therein as required or authorized by the #HL....
The above information/documents are being called for under Section 50 of Prevention of Money Laundering Act, 2002.” 6. ... It was issued under Section 50 of the Prevention of Money Laundering Act, 2002. The Contention raised is that Section 5 of the Act was invoked. 14. Be that as it may, this Court is not inclined to delve into all these aspects. ... Nowhere Shaik & M/s Heera Group of Companies under the provisions of Prevention o....
The above information/documents are being called for under Section 50 of Prevention of Money Laundering Act, 2002.” 6. ... It was issued under Section 50 of the Prevention of Money Laundering Act, 2002. The Contention raised is that Section 5 of the Act was invoked. 14. Be that as it may, this Court is not inclined to delve into all these aspects. ... Nowhere Shaik & M/s Heera Group of Companies under the provisions of Prevention o....
The above information/documents are being called for under Section 50 of Prevention of Money Laundering Act, 2002.” 6. ... It was issued under Section 50 of the Prevention of Money Laundering Act, 2002. The Contention raised is that Section 5 of the Act was invoked. 14. Be that as it may, this Court is not inclined to delve into all these aspects. ... Nowhere Shaik & M/s Heera Group of Companies under the provisions of Prevention o....
[9] By a Vesting Order dated 28 September 2004 the business of BCFB was transferred to the respondent as a going concern under section 50 of the Banking and Financial Institutions Act 1989 . ... (1) The Director General may, upon receiving any application under s. 10, and subject to this section, register the trade union in the prescribed manner. ... In that case the Industrial court held that two related companies which together between themselves had taken over Sin Chew Jit Poh #HL....
Wide, however, as the language of Section 50 (of the companies Act, 1862) is the power conferred by it must, like all other powers, be exercised subject to those general principles of law and equity which are applicable to all powers conferred on majorities and enabling them to bind minorities. ... On the other hand, in my opinion, Clauses 2 and 3 of Section 12 are more imperative than Section 14 of the indian Companies Act of 1913.....
Section 36 of the Act, which is in the same terms as section 20 of the English Companies Act, 1948, provides that subject to the provisions of the Act the Memorandum and Articles of Association, when registered, bind the company and the members thereof to the same extent as if they respectively have ... Since the obligation to post the warrant arose at the registered office of the company, failure to discharge that....
(A) Private Higher Educational Institutions Act 1996 – Section 5 – Medical Act 1971 – Section 50 – Accreditation Guidelines – Negligence ... Revocation is done by the MQA because the programme is registered with them under Act 679. [49] The role of the MOHE is to register the institutions under Act 555. ... Sections 5 and 6 of Act 50 and ss 109 and 110 of Act 679 recognised the members of the 1st defendant as publ....
The marriage was registered under the Law Reform (Marriage and Divorce) Act 1976 ("the Act"). ... with s 50(3)(b)(x); (iii) this case also has nothing to do with section 50(3)(b)(xi). ... For a treaty to be operative in Malaysia, the Parliament must legislate. ... [50] We further observed that the Perakuan Memeluk Islam issued by the Ketua Penolong Pengarah Bahagian Dakwah, b/p Pengarah Jabatan Agama Islam Perak Darul Ridzuan stat....
[21] The learned counsel for the defendant submitted that the defendant was incorporated on 27 April 2006 pursuant to the Companies Act 1965 . ... The defendant was at all material times a company incorporated under the Companies Act 1965 engaged inter alia in the business of acquiring non-performing loan from the financial institutions. ... to Standard Chartered Bank Malaysia Bhd ('the successor bank') pursuant to a vesting order made under s. 50(1) of BAFIA 1989 . ... (MM) 769/93 M....
Every company is required to keep at its registered office a register of its Directors, Managing Director, manager and secretary containing the particulars with respect to each of them as set out in clauses (a) to (e) of sub-section (1) of Section 303 of the Companies Act, 1956. Sub-section (2) of Section 303 mandates every company to send to the Registrar a return in duplicate containing the particulars specified in the register. Every company is required to keep at its registered office a register of its Directors, Managing Director, manager and secretary contai....
If the claim of the petitioner is correct and he had become holder of 52470 on 27.02.1998 the non-action on the part of the petitioner to get his name registered into the Register of Members has neither been explained nor answered. Section 150 enjoins that a Register of Members has to be maintained by every company under Section 163 of the Companies Act. No steps had ever been taken by the petitioner to get his name entered into the Register of Members after this so called transaction of 27.02.1999.
Every company is required to keep at its registered office a register of its directors, managing director, manager and secretary containing the particulars with respect to each of them as set out in clauses (a) to (e) of sub-section (1) of Section 303 of the Companies Act, 1956. Sub-section (2) of Section 303 mandates every company to send to the Registrar a return in duplicate containing the particulars specified in the register. Any change among its directors, managing directors, managers or secretaries specifying the date of change is also required to be furnished to the....
Every company is required to keep at its registered office a register of its directors, managing director, manager and secretary containing the particulars with respect to each of them as set out in clauses (a) to (e) of sub-section (1) of Section 303 of the Companies Act, 1956. Sub-section (2) of Section 303 mandates every company to send to the Registrar a return in duplicate containing the particulars specified in the register. Any change among its directors, managing directors, managers or secretaries specifying the date of change is also required to be furnished to the....
When noting that there can be several instances where two or more conflicting returns were filed with ROC, there are departmental instructions to the Registrars to cope up with them through circulars. Section 306 requires the Registrar to keep a separate Register entering the particulars received by him in respect of Companies which shall be open for inspection by any member of the public at any time. 25. Section 303 of the Companies Act requires that every company shall keep at its Registered Office, a Register of its Directors, Managing Director, Manager and Secretary with specif....
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