LAN-TC-01 Edisi Kedua: Tatacara Kelulusan Bagi Kursus Pengajian Institusi Pendidikan Tinggi Swasta (IPTS)
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1.
Title of subject
Company Law I
2.
Subject code
BCO3614
3.
Status of subject
Core
4.
Stage
Degree
5.
Version
Date of Previous Version: May 2001, October 2005
Date of Current Version : Jan 2008
6.
Credit hour
3
LAN Credit Hour
Equivalent
2.67
7.
Pre-Requisite
Nil
8.
Teaching Staff (Proposed)
Mr. Tay Eng Siang LL.B (Hons) Malaya; LL.M (Distinction) Malaya
9.
Semester
Year 3, Trimester 1
10. Objective of Subject
The subject gives students a general understanding of the legal
intricacies involved in the formation of company, the study focuses
primarily on the duties of promoters, directors, members, company
secretary and auditors, their respective liabilities and the availability
of remedies to the aggrieved parties .
1
Borang ini diisi berasaskan buku “Garis Panduan Prosedur Dan Proses Mendapatkan Kelulusan, Standard Minimum Dan
Perakuan Akreditasi Kursus Pengajian IPTS”, buku “Garis Panduan Standard Dan Kriteria Kursus Pengajian IPTS” dan
buku “Bimbingan Menyediakan Dokumen Memohon Kelulusan Dan Perakuan Akreditasi Kursus Pengajian IPTS”
LAN-TC-01 Edisi Kedua: Tatacara Kelulusan Bagi Kursus Pengajian Institusi Pendidikan Tinggi Swasta (IPTS)
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11. Learning Outcome of Subject
By the end of the subject,

The law graduate will be able to identify and differentiate the
various types and nature of companies incorporated under the
law of Malaysia, such as private – public, limited and unlimited
etc.

The law graduate will be able to describe the liability of
promoters particularly on the contracts entered into by them
before the incorporation of the company.

The law graduate will be able to apply the rules and regulations
on how to help legally forming a company in the practical
business world.

The law graduate will be able to identify the necessary
important persons (such as directors, company secretary,
auditor etc) required in setting up a company and their
responsibilities (imposed by statutes or common law) towards
the company.

The law graduate will be able to accept the concept of
separate legal entity in the company law, i.e. the company
being a legal entity is separate from the members and the
directors.

The law graduate will be able to tell and explain the contents of
the constitution of a company (i.e. Memorandum and Articles
of Association) when his/her advice is needed by the client.

The law graduate will be able to tell his/her client who is a
shareholder of a company as to the rights and responsibilities
of a shareholder.

The law graduate will be able to differentiate the various types
of meetings and to analyse the validity of any meeting
conducted by the company and the resolution made
thereunder.

The law graduate will also be able to evaluate and recommend
to the company management on how a company could be
properly administered, run in terms of the company’s affairs,
account and auditing works.
Programme Outcomes
% of
Contribution

Ability to acquire and apply fundamental
legal principles

Capability to communicate effectively
30
20

Acquisition of legal competence

Ability to identify problems and find solutions
based on legal principles
20
Ability to understand the importance of
commerce
10
20

12. Assessment Scheme
Class Participation

Oral Participation
10%
Tutorial /
Assignment

Individual Assignment
20%
2
Borang ini diisi berasaskan buku “Garis Panduan Prosedur Dan Proses Mendapatkan Kelulusan, Standard Minimum Dan
Perakuan Akreditasi Kursus Pengajian IPTS”, buku “Garis Panduan Standard Dan Kriteria Kursus Pengajian IPTS” dan
buku “Bimbingan Menyediakan Dokumen Memohon Kelulusan Dan Perakuan Akreditasi Kursus Pengajian IPTS”
LAN-TC-01 Edisi Kedua: Tatacara Kelulusan Bagi Kursus Pengajian Institusi Pendidikan Tinggi Swasta (IPTS)
_______________________________________________________________________________________
Mid-term Test

Written exam
20%
Final Exam
Topics Covered

Written exam
50%
13. Details of subject
Hours
1.
Introduction
Nature of registered companies; sources
of
company law; classification of companies;
companies limited by shares; companies limited
by guarantee and unlimited companies; public
and private companies; holding and subsidiary
companies; foreign companies; liabilities of
companies.
4.5
2.
Promoters and Pre-incorporation Contracts
Promoters and their duties; remedies available for
their breaches; pre-incorporation contracts under
common law and statute; liabilities of promoters
and liabilities of the company.
3
3.
Incorporation of Companies
Process of incorporation; effects of incorporation;
lifting the veil of incorporation under common law,
statute and equity.
3
4.
Corporate Personality
Who represents the company; capacity and
powers of a company; liability in torts and crimes.
3
5.
Memorandum of Association and the Articles
of Association
The company’s memorandum of association; the
effect of memorandum of association; ultra vires
doctrine; articles of association and the effect of
document on the members; alteration of the
document and the rule in Foss v Harbottle.
6
6.
Membership and Members Rights
Subscribers to the Memorandum; relationship
between members and the Board of Directors;
qualification of shares; disclosure of interests in
shares; share certificates - statutory requirements;
transfer of shares; transmission of shares; liability
of
members;
cessation
of
membership;
Infringement of members` rights - majority and
minority protection.
7.5
7.
Company’s Management
Directorship and management; qualifications,
appointment and removal of directors; directors`
duties under common law and statute; remedies
of the various parties under common law and
statute; exoneration and relief for the breach of
duties.
4.5
3
Borang ini diisi berasaskan buku “Garis Panduan Prosedur Dan Proses Mendapatkan Kelulusan, Standard Minimum Dan
Perakuan Akreditasi Kursus Pengajian IPTS”, buku “Garis Panduan Standard Dan Kriteria Kursus Pengajian IPTS” dan
buku “Bimbingan Menyediakan Dokumen Memohon Kelulusan Dan Perakuan Akreditasi Kursus Pengajian IPTS”
LAN-TC-01 Edisi Kedua: Tatacara Kelulusan Bagi Kursus Pengajian Institusi Pendidikan Tinggi Swasta (IPTS)
_______________________________________________________________________________________
8.
Company Secretary
The company secretary - appointments, functions
removal of these officers; defective appointments.
3
9.
Meetings
Types of meetings; class of meetings; notice of
meetings; proceedings at the meetings.
3
10.
Company Administration, Accounts and Audit
Service of documents; maintenance of company
registers; accounting and presentation of
accounts; duties, qualifications, appointment and
remuneration of an auditor.
4.5
Total Contact Hours
42
14. Teaching
Activity
and
Learning
This subject will be delivered using the following means:

Lecture Hours = 28 hours

Supervised Tutorial Hours = 14 hours
Total Contact Hours = 42
15. Laboratory
Not Applicable.
16. Reading Material
Text
1.
Shanti Rachagan et al (2004) Concise
Principles of Company Law in
Malaysia. Kelana Jaya. MLJ. Lexis
Nexis. (main text)
2.
Aiman Nariman and Aishah Bidin
(2005) Commercial Applications of
Company Law in Malaysia. 2nd ed.
Singapore. CCH Asia Pte Limited.
3.
Ben Chan C.C et al (2006) Chan &
Koh on Malaysian Company LawPrinciples and Practices. 2nd ed.
Petaling Jaya. Thomson Sweet &
Maxwell Asia.
4.
Tan Cheng Han (2006) Walter Woon
on Company Law. 3rd ed. Singapore.
Thomson Sweet & Maxwell Asia.
4
Borang ini diisi berasaskan buku “Garis Panduan Prosedur Dan Proses Mendapatkan Kelulusan, Standard Minimum Dan
Perakuan Akreditasi Kursus Pengajian IPTS”, buku “Garis Panduan Standard Dan Kriteria Kursus Pengajian IPTS” dan
buku “Bimbingan Menyediakan Dokumen Memohon Kelulusan Dan Perakuan Akreditasi Kursus Pengajian IPTS”
LAN-TC-01 Edisi Kedua: Tatacara Kelulusan Bagi Kursus Pengajian Institusi Pendidikan Tinggi Swasta (IPTS)
_______________________________________________________________________________________
References
1.
K Arjunan & Low CK, (1995) Lipton &
Herzberg’s Understanding Company
Law in Malaysia, Student Edition. LBC
Information Services.
2.
Aisha Bidin (1997) Undang -Undang
Syarikat di Malaysia, Kuala Lumpur:
Dewan Bahasa dan Pusaka.
3.
Walter Woon, (1997) Company Law,
2nd Edition (Student Edition), Petaling
Jaya: Sweet & Maxwell Asia.
4.
Farrar, John H et al (1998) Farrar’s
Company Law, 4th Edition, London:
Butterworths.
5.
K. Arjunan (1998) Company Law in
Malaysia Cases and Commentary,
Kuala Lumpur: MLJ.
6.
John Charlesworth & Geoffrey Morse,
(1999) Charlesworth’s Company Law,
16th Edition, London: Sweet & Maxwell.
7.
Robert R. Pennington (2001) Company
Law. 8th ed. UK. Butterworth.
8.
Seally, LS (2001) Cases and Materials
in
Company
Law,
7th
Edition
Butterworths.
9.
Shanti Rachagan et al(2002) Principles
of Company Law in Malaysia. Kuala
Lumpur. MLJ
10. Zubaidah
Zainal
Abidin
(2002)
Malaysian
Company
Secretarial
Practice. Petaling Jaya. Prentice Hall.
11. Davis PL et al (2003) Gowers & Davies
Principles of Modern Company Law, 7th
Edition, London: Sweet & Maxwell.
12. Brenda Hannigan (2003) Company
Law. UK. Lexis Nexis.
13. Tie Fatt Hee (2003) Corporate
Governance and Corporate Law
Reform in Malaysia. Thomson Sweet &
Maxwell.
14. Paul L Davies (2003) Gower & Davies’
Principles of Modern Company Law.
17th ed. London. Sweet & Maxwell.
15. Andrew Hicks & SH Goo (2004) Cases
and Materials on Company Law. 5th ed.
London. Oxford University Press.
5
Borang ini diisi berasaskan buku “Garis Panduan Prosedur Dan Proses Mendapatkan Kelulusan, Standard Minimum Dan
Perakuan Akreditasi Kursus Pengajian IPTS”, buku “Garis Panduan Standard Dan Kriteria Kursus Pengajian IPTS” dan
buku “Bimbingan Menyediakan Dokumen Memohon Kelulusan Dan Perakuan Akreditasi Kursus Pengajian IPTS”
LAN-TC-01 Edisi Kedua: Tatacara Kelulusan Bagi Kursus Pengajian Institusi Pendidikan Tinggi Swasta (IPTS)
_______________________________________________________________________________________
16. Lim Tuck Sun (2004) Company
(General) Handbook - MLJ Handbook
Series. Kelana Jaya. MLJ.
17. Robin Hillington QC (2004)
Shareholders’ Rights. 4th ed. London.
Thomson Sweet & Maxwell.
18. Priscillia PY Yap (2005) Company
Meetings - Law and Practice in
Malaysia. 2nd ed. CCH.
19. Kang Shew Meng (2005) Handbook on
Company Secretarial Practice in
Malaysia. Kelana Jaya. MLJ.
20. Goh Chen Chuan (2006) Company
Formation in Malaysia. 5th ed. Leeds
Publication.
21. K. Arjunan (2006) Company Law in
Malaysia. Kelana Jaya. MLJ. Lexis
Nexis
Relevant statutes:
1. Companies Act, 1965
6
Borang ini diisi berasaskan buku “Garis Panduan Prosedur Dan Proses Mendapatkan Kelulusan, Standard Minimum Dan
Perakuan Akreditasi Kursus Pengajian IPTS”, buku “Garis Panduan Standard Dan Kriteria Kursus Pengajian IPTS” dan
buku “Bimbingan Menyediakan Dokumen Memohon Kelulusan Dan Perakuan Akreditasi Kursus Pengajian IPTS”