Abstract
This article provides information on the law and procedures relating to share capital and capital maintenance. Discussions also cover issues concerning capital reduction, redemption of own shares, dividend distribution and limitation on provision of financial assistance to purchase shares in the company, as provided in the Companies Act 2016. It is worth noting the abolishment of the concept of authorized share capital and par value in Malaysia; and the legal and accounting implication that arise from this measure. The writing of this article employs the hermeneutics analysis of relevant legislation(s). It provides a quick and simplified reference for students and non-practitioner.
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