BTC2213

Malaysian company law

Mr Abe Herzberg

6 points · Two 1-hour lectures and one 1-hour tutorial per week · Second semester · Clayton · Prerequisite: BTC2110 or equivalent · and Prohibitions: BTC2210; BTC3110 Australian company law

Objectives On completion of this subject students should be able to understand the significance of companies as entities for carrying on business in Malaysia; understand and be able to identify, use and evaluate how Malaysian legislation and relevant case law affects the internal and external regulation of companies; have developed a critical interest in corporate legal theory and law reform

Synopsis The subject involves an introductory study of the law regulating companies in Malaysia. Topics covered include the Malaysian company law regime; the role and function of the Registrar of Companies and the Securities Commission; the characteristics of a company and the concept of limited liability; the effect of incorporation; the corporate constitution; the company's relationship with outsiders; share and loan capital; regulation of public fund raising; duties of directors, officers and promoters; rights of members and minority shareholder protection; takeover regulation; the various forms of corporate insolvency administrations, particularly as they affect creditors, officers and shareholders.

Assessment Written (2000-word assignment): 20% · Examination (3.5 hours): 80%

Prescribed texts

Low and Arjunan Lipton and Herzberg's 'Understanding company law in Malaysia' LBC, latest edn
Companies Act 1965 (No. 125)
Securities Commission Act 1993
Malaysian code on takeovers and mergers
Guidelines on the regulation of acquisition of assets, mergers and take-overs

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