Section 32
Company may adopt a constitution
(2)
The constitution of a company has no effect to the extent that it contravenes or is inconsistent with the provisions of this Act.
(3)
Subject to the provisions of this Act, the constitution adopted under subsection (1) shall be binding on the company, its directors and its members.
(4)
The company shall lodge the constitution with the Registrar within thirty days from the adoption of a constitution under subsection (1).
Companies 67
(5)
The company and every officer who contravene subsection (4)
commit an offence and shall, on conviction, be liable to a fine not exceeding fifty thousand ringgit and, in the case of a continuing offence, to a further fine not exceeding five hundred ringgit for each day during which the offence continues after conviction.