The Companies Act 2016 (the “New Act”) now allows a Single Person Company (“SPC”) i.e with just a single director you could now incorporate your company.
You have incorporated your company under the Companies Act 1965 (the “Old Act”) whereby the minimum Directors required was two (2).
You are now wondering could you then convert your existing Sdn Bhd to a Single Person Company?
Well, YES, you could convert your existing Sdn Bhd to a SPC but there are steps and procedures involved such as a meeting of members will need to be called, special resolutions will need to be obtained, amending the constitutions and etc.
How can Bizboard help?
Bizboard has a team of qualified and licensed company secretaries as required in the Companies Act 2016 and Companies Commission of Malaysia.
Our highly qualified team have worked throughout various industries and have an extensive knowledge to assist the company in secretarial matters.
Talk to us to make a better decision.
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