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Board Resolution For One Person Company for Malaysia

Board Resolution For One Person Company Template for Malaysia

A Board Resolution for a One Person Company in Malaysia is a formal document that records decisions made by the sole director who is also typically the sole shareholder of the company. This document, governed by the Malaysian Companies Act 2016, serves as an official record of corporate decisions and actions, carrying the same legal weight as resolutions passed by multi-member boards. It must comply with Malaysian corporate law requirements while being tailored to the unique structure of a single-member company, ensuring proper documentation of company decisions for legal and regulatory purposes.

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What is a Board Resolution For One Person Company?

A Board Resolution For One Person Company is a crucial corporate governance document used in Malaysian business operations when a company has a single director-shareholder structure. This document type is specifically recognized under the Malaysian Companies Act 2016, which provides for the establishment and operation of single-member companies. The resolution serves to formally document important company decisions, from routine operational matters to significant corporate actions. It must include specific details such as the company's registration information, the director's details, clear statements of the decisions made, and appropriate signing blocks. This format is particularly important for maintaining proper corporate records, satisfying regulatory requirements, and providing evidence of proper decision-making for stakeholders such as banks, business partners, or regulatory authorities.

What sections should be included in a Board Resolution For One Person Company?

1. Title and Company Details: Specifies the company name, registration number, and date of resolution

2. Attendance and Quorum: Confirms the presence of the sole director/shareholder and their authority to make decisions

3. Background: Provides context and reasons for the resolution

4. Declarations: Declarations of any relevant interests or conflicts

5. Resolutions: Clear statement of the decisions made, numbered if multiple decisions

6. Authority: Statement of authority to implement the resolutions

7. Signature: Execution block for the sole director's signature and date

What sections are optional to include in a Board Resolution For One Person Company?

1. Consultation with Advisors: Include when professional advice has been sought regarding the decision

2. Financial Implications: Add when the resolution involves significant financial decisions or commitments

3. Regulatory Compliance: Include when the resolution relates to specific regulatory requirements

4. Implementation Timeline: Add when the resolution requires specific timing or phased implementation

5. Related Party Transactions: Include when the resolution involves dealings with related parties

What schedules should be included in a Board Resolution For One Person Company?

1. Schedule 1: Supporting Documents: Copies of relevant documents referenced in the resolution

2. Schedule 2: Financial Information: Detailed financial information when resolution involves monetary decisions

3. Schedule 3: Implementation Plan: Detailed plan for implementing complex resolutions

4. Appendix A: Forms: Any statutory forms required to be filed with authorities

5. Appendix B: Professional Opinions: Copies of any professional advice or opinions referenced

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

Retail

Professional Services

Technology

Manufacturing

E-commerce

Consulting

Real Estate

Healthcare

Education

Food and Beverage

Digital Services

Construction

Import/Export

Creative Industries

Relevant Teams

Legal

Corporate Secretarial

Compliance

Corporate Governance

Administration

Finance

Risk Management

Corporate Affairs

Executive Office

Relevant Roles

Company Director

Company Secretary

Legal Counsel

Corporate Governance Officer

Compliance Manager

Business Owner

Managing Director

Chief Executive Officer

Corporate Affairs Manager

Risk Management Officer

Administrative Officer

Finance Director

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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