Malaysia legislation
Section 2
Section 2
The Companies Act 2016 [Act 777], which is referred to as the “principal Act” in this Act, is amended in section 2
by substituting for the definition of “beneficial owner”
the following definition:
‘ “beneficial owner” means—
(a)
in relation to shares, the ultimate owner of the shares and does not include a nominee of any description; and
(b)
in relation to a company, a person as provided for in section 60a;’.
COMPANIES (AMENDMENT) ACT 2024
4
New Division 8a