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Legal Forms of Companies

Sendiran Berhador SDN BHD is a Private Limited Company.

Number of partners: Minimum: 2
Maximum: 50
Capital (max/min): Minimum two ordinary shares of MYR 1 each
Shareholders and liability: Liability is limited to the nominal value of the subscribed shares.

Berhad is a Public Limited Company.

Number of partners: Minimum: 2
Maximum: No limit
Capital (max/min): Minimum two ordinary shares of MYR 1 each
Shareholders and liability: Liability is limited to the nominal value of subscribed shares.

Perkongsion Liabiliti Terhad or PLT is a General Partnership

Number of partners: Minimum 2 and maximum 20.
Capital (max/min): No minimum
Shareholders and liability: Liability is limited to the nominal value of subscribed shares.

The Competent Organisation

The Companies Commission of Malaysia (SSM) has the power, as the representative of the Ministry of Domestic Trade and Consumer Affairs, to register, form and strike off Malaysian companies and enterprises. Its main functions are administration and implementation of the applicable laws, registering of companies and enterprises, keeping official company and enterprise dossiers, and making company directors aware of ethical rules. The SSM is also a watchdog organisation.

Source: Doing Business, 2016