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Ee Na Teo

As seen in: Global Compliance News
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Articles

Malaysia: Coming Into Force of the Companies (Amendment) Act 2024

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By Eddie Chuah, Ee Von Teo, Ee Na Teo, Mak Ming Jie
| Global Compliance News
In brief The Minister of Domestic Trade and Cost of Living (“Minister“) had appointed 1 April 2024 as the date of coming into force of the Companies (Amendment) Act 2024 (“CA 2024”), which was first tabled for reading before the Dewan Rakyat on 10 October 2023, and received Royal Assent on 24 January 2024. A summary of the key issues to be noted in respect of the CA 2024 is set out below. 1. Beneficial Ownership (“BO”) (a) Who is a beneficial owner (“BO”) pursuant to the CA 2024?
Open in Who Shared Issue with article?

Global Compliance News

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By Eddie Chuah, Ee Von Teo, Ee Na Teo, Mak Ming Jie
| Global Compliance News
The Minister of Domestic Trade and Cost of Living had appointed 1 April 2024 as the date of coming into force of the Companies (Amendment) Act 2024 (“CA 2024”), which was first tabled for reading before the Dewan Rakyat on 10 October 2023, and received Royal Assent on 24 January 2024. CA 2024 expands the definition of Beneficial Ownership (BO) and mandates companies to obtain and disclose BO information from 1 April 2024. Companies must maintain a BO register accessible by prescribed persons.
Open in Who Shared View Duplicates (2) Issue with article?
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