On 4 April 2016, Malaysia's Dewan Rakyat (lower house of parliament) passed the Companies Bill 2015.The New Companies Bill is meant to simplify and improve company incorporation and management overall, and will replace the Companies Act 1965. Some of the main measures include:
- Allowing the incorporation of private companies with a single shareholder and director, instead of the current minimum of two shareholders and two directors;
- No longer requiring a memorandum and articles of association…