Accounting

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

Some people may be confused by the terms “solvency” and “liquidity” as they thought that these terms bring the same meaning. Solvency refers to the ability of a company in maintaining its long-term operation. On the contrary, liquidity is the effectiveness of a company in covering its current liabilities by using its current assets (Also … Read moreSolvency and Liquidity

All the companies should keep records that consist of minutes of all proceedings and all resolutions of members, no matter whether the resolution has passed or not, in the meeting of members. Also, they need to keep records of the details provided to them. This refers to a situation when its sole (Also see An … Read moreThe Records of a Company’s Resolutions and Meetings