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Procedures for Allotment of New Shares

Update Date:2015-12-29 9:30:46 Source:Tannet (Malaysia) Sdn Bhd Views:564

Malaysia Hotline: +603- 2141 8908


The following are the procedures for increase of paid-up capital / allotment of new ordinary shares:

1.    Bank-in slips from director (for amount of capital to increase)

2.    Preparation of board resolution and EGM by company secretary for increase of capital

3.    Execution (signed) by directors

4.    Lodgement to SSM

Why increase of capital need bank-in slip from you, as directors of the Company?

No allotment shall be made of any shares of a company unless the sum payable on application for the shares has been received by the Company. If a cheque for the sum has been received by the company, the sum shall be deemed not to have been received by the company until the cheque is paid by the bank.

Every director of a company who knowingly contravenes or permits or authorises the contravention shall be guilty on an offence against this Act.

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If you have further queries, please contact Tannet
24 hours Malaysia hotline:603-21418908;
24 hours Hong Kong hotline:852-27837818;
24 hours Hong Kong hotline:86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.nethttp://en.tannet.com.my

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