Lovely Baby Malaysia Case Study

Process of incorporating Lovely Baby Sdn. Bhd.
Incorporation of Lovely Baby Sdn. Bhd. will be governed by Companies Act 1965, this is because they are operating their business in Malaysia, thus they must register their business with Companies Commission of Malaysia (CCM). Since Lovely Baby Sdn. Bhd. will be incorporated as a private company limited by shares, according to Section 14 of the Companies Act 1965, it states that the company must have at least 2 subscribers to the shares of the company and Section 122 of the Act requires them to have at least 2 directors. For company secretary of Lovely Baby Sdn. Bhd., he must be a member of the professional body prescribed by the Minister of Domestic Trade Cooperative and Consumerism.
The process of pre-incorporation are as follows:
Name Search
First and foremost, according to Section 22(6)of the Act, name search must be carried out by the promoters to determine whether the proposed name of the company is available for use, if it is existing or contains similar words or elements, the promoter should plan to use other names. This stage can be done by

The original version of these 2 documents must be duly stamped at the Inland Revenue Board (IRB)’s stamp office. In the M&A, the first director and secretary must be named. Moreover, the subscribers of the company’ shares must sign the M&A in front of a witness or third person, later the witness need to sign on the Memorandum and state his name, designation and address. The contents of Memorandum should contain the name clause, registered office clause, object clause, capital clause, liability clause and subscribers’ clause. Where in contrast, the Articles should contain a statement whether Table A is adopted, allotment of shares, general meetings, vote of members, appointment of directors, common seal and so