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Board Resolution For Increase In Authorised Share Capital for Malaysia

Board Resolution For Increase In Authorised Share Capital Template for Malaysia

A Board Resolution for Increase in Authorised Share Capital is a formal document under Malaysian corporate law that records the board of directors' decision to increase the company's authorized share capital. Governed by the Companies Act 2016, this resolution demonstrates corporate compliance and proper authorization for the capital increase. The document includes specific details about the quantum of increase, current capital structure, and authorizations for implementing the change. It serves as an official record for regulatory filings with the Companies Commission of Malaysia (SSM) and forms part of the company's corporate documentation.

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What is a Board Resolution For Increase In Authorised Share Capital?

A Board Resolution For Increase In Authorised Share Capital is a crucial corporate document required when a Malaysian company needs to expand its capital base. This document becomes necessary when a company approaches its current authorized capital limit and requires additional headroom for issuing new shares, whether for expansion, fundraising, or other corporate purposes. The resolution must comply with the Companies Act 2016 and include specific details about the proposed increase, current capital structure, and implementation authorizations. It serves as evidence of proper corporate governance and board approval for regulatory submissions to the Companies Commission of Malaysia (SSM). The document is typically prepared following a board meeting where the decision to increase the authorized share capital is made and must be maintained as part of the company's statutory records.

What sections should be included in a Board Resolution For Increase In Authorised Share Capital?

1. Title and Date: Clearly states this is a Board Resolution with the date of the meeting

2. Company Details: Full legal name of the company and registration number

3. Meeting Details: Time, place, and attendance details of the board meeting

4. Quorum Confirmation: Confirmation that the required quorum was present for the meeting

5. Current Share Capital Status: Statement of the current authorized share capital

6. Resolution: The formal resolution to increase the authorized share capital, including the specific amount of increase

7. Implementation Authorization: Authorization for company officers to execute necessary documents and file required forms

8. Closure: Formal closing of the resolution with chairman's signature

What sections are optional to include in a Board Resolution For Increase In Authorised Share Capital?

1. Recitals: Background information explaining the reason for increasing the authorized share capital, used when additional context is needed

2. Amendment to M&A: Section addressing amendments to Memorandum and Articles of Association, if required by company constitution

3. Special Instructions: Any special instructions for implementation, used when there are specific requirements or conditions

4. Related Resolutions: Any associated resolutions that need to be passed in conjunction with the share capital increase

What schedules should be included in a Board Resolution For Increase In Authorised Share Capital?

1. Schedule A - Share Capital Structure: Detailed breakdown of current and proposed share capital structure

2. Schedule B - Form Template: Template of Form Section 75 to be filed with Companies Commission of Malaysia (SSM)

3. Appendix 1 - Supporting Documents: List of supporting documents required for filing with regulatory authorities

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Malaysia

Publisher

Ƶ

Document Type

Board Resolution

Cost

Free to use
Relevant legal definitions


















Clauses












Relevant Industries

Banking & Finance

Manufacturing

Technology

Real Estate

Retail

Healthcare

Energy

Telecommunications

Construction

Professional Services

Transportation & Logistics

Agriculture

Mining

Education

Hospitality

Relevant Teams

Legal

Finance

Corporate Secretarial

Compliance

Corporate Governance

Board Administration

Executive Management

Corporate Affairs

Relevant Roles

Chief Executive Officer

Company Secretary

Chief Financial Officer

Legal Counsel

Corporate Secretary

Board Director

Chairman of the Board

Finance Director

Compliance Officer

Corporate Governance Officer

Managing Director

Executive Director

Financial Controller

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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