Question
You are working in a secretarial firm. One of your clients, Jessica intends to set up a private limited company under Companies Act 2016.
You are working in a secretarial firm. One of your clients, Jessica intends to set up a private limited company under Companies Act 2016. Jessica would like to seek your advice whether or not the company shall adopt a company's constitution. Jessica has provided you with the following information: 0 The company is a joint venture company with two shareholders, Ali Sdn. Bhd. and Grow Sdn. Bhd. Ali Sdn. Bhd. will hold 49% shares whereas Grow Sdn. Bhd, will hold 51% shares in the company. Advise Jessica accordingly.
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