"Company does not emerge at a flip of a switch. A company need to be incorporated under theCompanies Act 2016('CA 2016'). Thisis toobtain the permission to commerce business from the Companies Commission of Malaysia (also referred to as 'the Registrar'). Pre-incorporation stage is the infancy stage prior to submitting an incorporation application to the Registrar. At this stage, the business is yet to be a company. It is literally non-existence."

Ng, MayYee and Chang, Chee Fei, Corporate Law of Malaysia: Incorporating a Business in Malaysia (March 4, 2021).

Based on the above statement, Discuss the effects of incorporation of a company. Your answer should be referring to the relevant section on the Companies Act 2016 and any case law.