This article describes the formation and lifecycle of an incorporated companies; the role, duties and risk of a promoter; the legal standing of pre-incorporation contracts and the legal effect of incorporation. This article also discusses the effect of abolishment of common seal under the Malaysia Companies Act 2016. Both Malaysia and UK caselaw were referred to where appropriate. The writing of this article employs the hermeneutics analysis of relevant legislation(s). It provides a quick and simplified reference for students and non-practitioner.
ASJC Scopus subject areas
- Business, Management and Accounting(all)