1. 1 resident director. Quorum: 1
2. Constitution - optional. If no constitution, CA applies
3. AR within 30 days of anniversary of incorporation date
4. Shares held on trust - applicable to all. Notify CCM within 30 days
5. Dividend at discretion of directors. No approval of s/h is required. Solvency test
6. 3 solvency tests
a) redemption of preference shares, capital reduction n financial assistance - solvency statement
b) share buyback - solvency statement
c) dividends - no statement required
7. Capital reduction - either by court order or solvency statement
a) spacial reso
b) advertise
c) creditors may apply to court
8. No AGM for private co. Circulate accounts. Automatic reappointment of auditor. No retirement of directors.
9. Audit exemption - which type of co
10. Written resos - 28 days
11. Board meeting - director present presumed to hv agree to reso unless expressly dissents or votes against
12. Winding up - threshold RM5k or 10k
13.
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