Compliance with Companies Act 2016 & Director’s Responsibilities
Course Information
  • 25-Nov-2019
  • Marriott Resort & Spa, Miri
  • Simon Low
  • English
  • RM 550 RM 500
    Until 20 Nov 2019

As the Companies Act 2016 has already come into effect in January 2017, it is critical for professionals and the business community to diligently ensure compliance to the new procedures. The penalties for non-compliance with the new Companies Act may be severe for the directors, employees, auditors, company secretaries and professionals, which include hefty fines and possible imprisonment.

This programme will delve into the many areas of compliance required under the new Act, and further value adds by covering areas of potential tax planning available under the new regime.


• Highlight the major changes and new compliance
procedures required by the Act
• Provide guidance on the relevant regulations under the Act
• Equip and enable participants to adapt and adopt the Act’s
new and unique requirements


• Company Directors, Owners, Owner Representatives
• Chief Financial Officers and Financial Controllers
• Company Secretaries and Business Advisors
• Accountants, Auditors and Tax Agents
• Investment Bankers and Financial Analysts
• Human Resource Managers and Executives
• Business Entrepreneurs operating under Sole Proprietorship or Partnership


Graphical slides presentation, lectures and discussions.


1. An Overview Comparison
• The New Companies Act 2016 vs Old Companies Act 1967

2. Single Director–Single Shareholder Private Companies
• Compliance procedures
• Potential risk areas to be aware of
• Tax planning opportunities

3. Sole Member Companies
• Inherent risks dealing with such entity
• Procedures to minimise business credit & contract risks
with such entity

4. Business Ventures and Tax Risks
• New unlimited capacity in carrying out business ventures
• Tax risk considerations for certain business entities

5. Memorandum & Articles of Association vs Constitution
• To adopt own Constitution or maintain existing M&A?
• The basis of consideration, types and sample of

6. Doctrine of Constructive Notice
• Its retraction and its effect

7. No Par Value Regime
• Implementation, compliance procedures and its effect

8. Company’s Common Seal
• To abandon it
• Logical requirement to maintain it
• The new compliance procedures

9. Abolishment of AGM and its Exception
• The new compliance procedures
• The risks of non-compliance

10. Filing of Annual Returns
• The new compliance procedures

11. New Procedures on Lodgment of Documents
• Audited Financial Statements
• Directors’ Report
• Certificate by Exempt Private Company

12. Shareholder Governance
• Rights of members to interfere in company management
• Positive or regressive step — a Private Company

13. Director and New Definition of Shadow Director on:
• Duties and responsibilities as a director, the relevant sections
• Director’s fee and service contract disclosure, the new compliance
• Director’s report, the new business review segment explained
• Director’s indemnity insurance, the new rule.
• Proceedings of the Board

14. Company Auditor and Company Secretary
• Impact and changes to governing rules
• Areas of risks and new compliance procedures

15. Solvency Test & Solvency Statement New Compliance Procedures on
• Dividends
• Redemption of Preference Shares
• Capital Reduction
• Share Buyback
• Financial Assistance

16. Distribution of Dividends
• New compliance requirements for directors
• Potential risk areas explained

17. Corporate Rescue Schemes
• Corporate Voluntary Arrangement
• Judicial Management

18. Other Areas of Interest under the Companies Act 2016


Date: 25 November 2019 (Mon)
Time: 9.00AM - 5.00PM
Venue: Marriott Resort & Spa, Miri

Special Offer (before 20 Nov 2019) - RM 500
Normal Fee - RM 550

*Fee includes course Notes, Lunch, Refreshments/ Tea Breaks, Certificate of Attendance & 6% Government Service Tax

(i) 10% (overriding) for members of SST2u Loyalty Card


HRDF Certified Speaker

Simon Low is a trained speaker on the subject of GST, Income Tax, LLP & Companies Act. He is a Certified Public Accountant (C.P.A) and is a member of Malaysia Institute of Accountant (M.I.A) and Malaysia Institute of Certified Public Accountant (M.I.C.P.A).

He has extensive over 20 years of working experience in Personal & Corporate Tax Planning & Compliances, Company Secretary, Sales & Service Tax Compliances as well as Auditing & Corporate Restructuring.

As the Companies Act 2016 has come into effect on 31 January 2017, Simon would like to bring his expertise and share his insights on major changes in the new Company laws and the new Compliance procedures. Improve comprehension on how Company has the tax advantages compares to other business entities structures.

Simon’s expertise in the Company Law subject and know how and his background as a tax consultant will give him an additional competitive edge to address the joint topic of new Company Law & tax much better than other practitioners.


General (03 - 8082 3357)
Teo (011 - 3178 9203)
Logesh (012 - 503 0346)
Siti (012 - 383 8603)
Han (019 - 323 0507)