The Memorandum of Association of Interior Design Company is a crucial legal document required when establishing an interior design business as a company in Malaysia. This document must be prepared and filed with the Companies Commission of Malaysia (SSM) during the company incorporation process. It defines the company's relationship with external stakeholders and outlines its permitted activities, particularly focusing on interior design services and related business operations. The document must comply with both the Companies Act 2016 and specific regulations governing interior design practice in Malaysia, including professional licensing requirements and industry standards. It serves as a permanent reference point for shareholders, directors, and other stakeholders regarding the company's powers, limitations, and operational scope.
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1. Company Name and Status: States the company's name and identifies it as a private company limited by shares
2. Registered Office: Specifies the location of the company's registered office in Malaysia
3. Objects of the Company: Details the primary and secondary business objectives related to interior design services and associated activities
4. Powers of the Company: Outlines the legal powers of the company to carry out its business objectives
5. Share Capital: States the authorized share capital and types of shares
6. Liability of Members: Declares the limited liability nature of shareholders
7. Restrictions on Transfer of Shares: Sets out basic restrictions on share transfers
8. Directors: Establishes basic provisions regarding directors' appointment and powers
9. Members' Rights: Defines fundamental rights of shareholders
1. Additional Business Activities: Used when the company plans to engage in related business activities beyond core interior design services
2. Foreign Ownership Provisions: Required when foreign shareholders are involved, addressing specific regulations for foreign ownership
3. Professional Qualifications: Includes specific requirements for professional qualifications when the company emphasizes professional standards
4. Branch Offices: Added when the company plans to operate multiple offices
5. Intellectual Property Rights: Included when the company needs specific provisions for protecting design rights and other IP
6. Joint Venture Provisions: Required when the company is formed as part of a joint venture arrangement
1. Schedule 1: Share Capital Structure: Detailed breakdown of share classes and rights attached to shares
2. Schedule 2: Initial Subscribers: List of founding shareholders and their initial shareholdings
3. Schedule 3: Professional Services: Detailed list of interior design and related services offered by the company
4. Schedule 4: Directors' Details: Information about initial directors and their qualifications
5. Appendix A: Company Logo and Branding: Official company logo and branding guidelines
6. Appendix B: Professional Certifications: Copies of relevant professional certifications and registrations
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