Malaysia legislation

Section 25

of COMPANIES (AMENDMENT) ACT 2024

Section 25

The principal Act is amended by inserting after section 573

the following section:

“Beneficial ownership of foreign company 573a.  Division 8a of Part II shall apply to a foreign company subject to the following modifications:

(a)

a reference to a “company” shall be taken as a reference to a “foreign company”; and

(b)

a reference to an “officer” shall be taken as a reference to an “agent of a foreign company”.”.

Amendment of section 576