CRG660 Company Secretarial Practice Assignment Answer Malaysia

The CRG660 Company Secretarial Practice course offered by UiTM is widely recognized as the gold standard in company secretarial training. The course provides high-level instruction on all aspects of company secretarial work, from statutory compliance and corporate governance to shareholder relations and meeting management. participants will gain a comprehensive understanding of the role of the company secretary and how to effectively discharge their responsibilities.

The course is taught by experienced company secretaries who are members of the Malaysian Institute of Chartered Secretaries and Administrators (MAICSA). The teaching methodology is a mix of lectures, case studies, group discussions, and practical workshops.

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Here, we go through a few assignment activities. These are some of them:

Assignment Activity 1: Explain The Various Aspects Of Company Secretarial Practices That Affect The Operation Of A Company.

There are a number of company secretarial practices that can affect the operation of a company. This includes maintaining Statutory Books, ensuring timely filing of Annual Returns, and maintaining an up-to-date Register of Directors.

The Statutory Books is a legal requirement for all companies and must be kept at the Registered Office. It contains information on the shareholders, directors, secretaries, and registered charges.

The Annual Return is a document that must be filed with the Registrar of Companies every year. It contains information on the company’s share capital, shareholders, directors, and finances.

The Register of Directors must be maintained by the Company Secretary and contain names, addresses, dates of appointment, and resignations of all directors.

Assignment Activity 2: Describe The Provisions Of The Companies Act 2016 And The Applications Of The Act From The Formation Of Companies Up To Winding Up

The Companies Act 2016 is the primary legislation governing company formation and operation in Malaysia. It sets out the requirements for incorporating a company, the rights, and obligations of shareholders and directors, corporate governance standards, and various other matters pertaining to running a business.

One of the key provisions of the Act is the requirement for all companies to maintain proper books of accounts and records. This ensures that there is transparency and accountability in the way businesses are run and helps to prevent fraud or mismanagement. Companies must also prepare financial statements in accordance with Generally Accepted Accounting Principles (GAAP), which provide guidelines on how transactions should be recorded and reported.

Another important provision relates to shareholder meetings. Under the Act, companies must hold an Annual General Meeting (AGM) at least once a year, and Extraordinary General Meetings (EGMs) can be called as and when required. Shareholders are entitled to receive notice of AGMs and EGMs and to participate in the decision-making process by voting on resolutions put forward.

The final key provision is the winding up of companies. The Act provides for two types of winding up – voluntary and compulsory. Voluntary winding up occurs when shareholders agree to dissolve the company, while compulsory winding up is ordered by the court when a company is unable to pay its debts or has breached its statutory obligations.

These are just some of the key provisions of the Companies Act 2016. There are many other provisions that govern different aspects of running a business, such as employment law, taxation, and intellectual property. It is important for all businesses to be aware of the provisions of the Act and to ensure that they comply with them.

Assignment Activity 3: Identify The Relevant Legislation, Regulations, And Guidelines About Corporate Governance And The Regulatory Authorities Of The Securities Industry.

There is a lot of relevant legislation, regulation, and guidance surrounding corporate governance and the securities industry. Here are some of the key pieces of legislation, regulations, and guidance:

• The Sarbanes-Oxley Act is a key piece of legislation that sets out requirements for public company boards and management around corporate governance and financial reporting.
• The Securities Exchange Act of 1934 is the primary federal law governing the securities industry. It sets forth rules for things like insider trading, disclosure requirements, and registration of broker-dealers.
• The SEC’s Regulation S-K is a comprehensive guideline that covers disclosure requirements for public companies. Items 101-103 of Regulation S-K relate specifically to corporate governance disclosures.
• The SEC’s Investor Bulletin: Corporate Governance is a guide that provides investors with an overview of corporate governance and how it can impact their investment decisions.
• The Financial Industry Regulatory Authority (FINRA) is the primary regulator of the securities industry. It is responsible for enforcing rules and regulations, conducting examinations, and issuing licenses.

These are just some of the key pieces of legislation, regulations, and guidance surrounding corporate governance and the securities industry. There are many others that govern different aspects of these areas. It is important for all businesses to be aware of the applicable laws and regulations and to ensure that they comply with them.

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