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In accounting, the objectivity principle is a concept where the company should generate its financial statements according to solid evidence. Adhering to this principle helps to ensure that a company can produce financial statements which can present its financial position accurately. If you, a small business owner who is running a start-up company, do not … Read moreAn Overview of Objectivity Principle

If you are new to the world of business, you might have felt confused between the Memorandum & Articles of Association (M&A) and Constitution. In fact, having the M&A is mandatory for all the companies under Companies Act 1965. Now, according to Companies Act 2016, the M&A is known as the constitution as a group. … Read moreChanging from Memorandum & Articles of Association (M&A) to Constitution

Business owners (Also see How to Rectify Common Accounting Errors that Owners Make) often neglect the role of the constitution in the company’s operation. In fact, the constitution acts as a vital element of the corporate governance of the company. Companies that adopt a constitution should review their constitution regularly and make sure that it … Read moreAlterations and Amendments on the Constitution

In Malaysia, all the companies should keep a register of members. There is a lot of information that they should include in the register. Entering the particulars can be a time-consuming task, especially if a company has a lot of employees and is running the business on a big scale. Hence, the companies may contact … Read moreRegister of Members for Companies in Malaysia: Requirements and Importance

The register of members is a document that the secretary should keep and maintain regularly. The secretary is responsible for entering the particulars of issuance and transfer of shares in this document. This is a crucial responsibility, and it is vital to appoint the right person for this task. If you want to ensure that … Read moreThe Register of Members

Share allotment is the process of creating and issuing new shares (Also see An Overview of Common Shares) carried out by a company. The company can issue new shares to either existing or new shareholders. After the share allotment has taken place, the company should record this event in its register of members within 14 … Read moreRegistering the Allotment of Shares