Pre Incorporation

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“Identity is cause;
brand is effect.”

Larry Ackerman

Why Setup Company in Malaysia

Summary

You should choose Malaysia and set up business in Malaysia today because:

Malaysian businesses benefit from massive consumer demand in local and foreign Asian markets like India, China, Myanmar, Singapore and Vietnam;
A resident Malaysian business faces low startup costs compared to Singapore; Malaysia’s monthly office rental per m2 (US $17) and wage rate (US $2,310) are less than Singapore’s (US $68 and US $3,245);
A resident firm benefits from country’s 68 double taxation treaties which minimize withholding tax on fund transfers abroad;
There is no withholding tax levied on dividends made abroad by Malaysia businesses;
Malaysia businesses face no restrictions on repatriation of capital, profits, dividends and royalties;
A resident business profits from the free trade agreements signed between Malaysia and 6 other ASEAN countries;
Malaysian businesses enjoys duty free trade through free ports in Pasir Gudang, Port Klang, Kulim Hi-Tech Park, Port of Tanjung Pelepas and Bayan Lepas;
A Malaysia business can sponsor a visa for its director if the share capital exceeds RM 500,000;
World Bank has ranked Malaysia as the 6th easiest place in the world to do business in their 2014 report;
The country is positively ranked as the 25th most competitive economy in the world.
Growth potential in the industrial and services sector, especially shared services activities;
Youthful & skilful workforce yet are relatively more cost-effective;
Attractive incentives for foreign investors;
Liberal government policies;
Various forms of businesses set up (e.g. LLP, Companies, representative office, branch office, companies, etc)

Ready to setup company in Malaysia? Start the registration process and get more information about Malaysia company setup.

Why Setup your Business in Malaysia

Malaysia itself is well located within Asia Pacific and Asean! Malaysia with recent ranking being the top 6th country in the world as the most easiest and friendliness in doing business by World Bank! Malaysia achieves a commendable surge from 23rd position to 6th position among 189 economies in the latest World Bank Doing Business 2014. This proof Malaysia truly on track on its economy transformation and bale to poise a place of investment welcoming foreigners!

Malaysia is ranked number one for Getting Credit, number four for Protecting Investors, number five in Trading Across Borders and is the 6th most competitive among 189 economies in the World Bank Doing Business 2014

Malaysia is a place of growth! A place of stability, affordable living with abundance of business investment opportunities in Malaysia! Malaysia welcomes foreigners! Begin your start-up in Malaysia, a perfect place to spring board of your business to the region!

The new Limited Liability Partnerships Act 2012 which came into force in December 2012 introduces limited liability partnerships (LLP) as a new alternative business vehicle which offers flexibility in terms of its formation, maintenance and termination and reduction of company registration fees in Starting a Business. Entrepreneurs now have more options to choose the most preferred form of business vehicle and the introduction of LLP would benefit small businesses (start-ups), professional groups, joint ventures and venture capital funds.

Industrial hub

A foreign owned company can invest in every business sector.

Because of the abundance of cheap raw materials and skilled labour, Malaysia’s reputation as a manufacturing hub is growing considerably. The country is rich in several natural resources such as palm oil, rubber, timber, oil, and tin;

Due to Malaysia’s vast amount of natural attractions, Malaysia is labelled as “a destination full of unrealized potential” by the World Travel and Tourism Council (WTTC). Therefore there is lots of growth potential in the Malaysian tourism industry which foreign investors can tap into with Malaysia business registration;

Malaysia is an ideal location for a regional headquarters. Located in the centre of South East Asia, Malaysia is in close proximity to many leading Asian markets such as Singapore, Vietnam, Thailand, China, and India; Malaysia is a natural choice for shared services in view of its low costs, particularly for infrastructure, conducive business environment, and high levels of global integration.

The labour market conditions in Malaysia are favourable. Labour costs in Malaysia are relatively low while productivity levels remain high in comparison with industrialised countries. Basic literacy among the labour workforce is high, and the workforce is youthful and trainable and the environment is generally strike-free.

With four major ports, and an ideal location on the straits of Malacca, Malaysia is an excellent location for trade by sea;

Malaysia boasts five free zones offering foreign companies no custom duties, and flexible trading laws. The five free zones are Pasir Gudang, Port Klang, Port of Tanjung Pelepas, Kulim Hi-Tech Park, and Bayan Lepas;

Malaysia is a member of the Association of South East Asian Nations (ASEAN). Therefore companies registered in Malaysia can benefit from the free trade agreements that exist between the member states;

In order to attract foreign investors in Malaysia investment, some laws in regards to foreign ownership are being relaxed. The foreign ownership limit of stock brokerages is to be increased to 70% from 49%. There can now be 100% foreign control in wholesale fund management companies in Malaysia. The limit for unit trust companies has also been increased to 70%;

To attract foreign investors and encourage Malaysia business, the Malaysia government developed industrial parks, including free industrial zones, technology parks, and Multimedia Super Corridor (MSC). There are investment incentives such as Pioneers status, BioNexus status and Multimedia Super Corridor (MSC) status where companies can enjoy tax free for a number of years;

Malaysia’s continuous economic growth is reflected by the average GDP growth for the past 10 years of 1.17%. Malaysia has registered GDP growth of 6.3% which is the highest among ASEAN countries in the first half of 2014.The estimated GDP growth for 2014 & 2015 is between 5.5% and 6%. This continuous growth means more opportunities for entrepreneurs;

A cheaper alternative to Singapore

Malaysia is a great alternative to Singapore for a regional headquarters due to business costs.

In 2012, Malaysia’s monthly office rental space was US$17 per sqm. This is significantly lower than Singapore’s average monthly office rental space of US$ 68 per sqm

The average worker in Malaysia is more affordable than in Singapore. In 2012, the average wage in Singapore was US$3,245 whilst the average wage in Malaysia was only US$2,310;

To rival the successful Singapore tourism sector, Malaysia is aggressively building hotels, amusement and theme parks, shopping malls, luxurious residential complexes, art galleries and museums. By 2013, Malaysia is expecting to attract 29 million tourists;

Malaysia wants to repeat the success of Singapore by growing its industrial and services sectors. For example, Malaysia has already developed ports such as Port Klang to serve major shipping routes;

To compete with Singapore’s manufacturing sector, Malaysia provides investment incentives such as a pioneer status, and an investment tax allowance to foreign manufacturing companies.

Language

English is Malaysia’s second language, and is spoken by 70% of the population. Therefore, foreign investors interested in Malaysia will easily be able to communicate with local employees, customers and suppliers;

Business documents are mostly available in English, therefore translation costs and time can be saved during company registration in Malaysia or when conducting business.

Islamic community

Malaysia is a great location for members of the Islamic Community who wish to invest in South East Asia. Here are a few reasons why members of the Islamic community should consider Malaysia:

Halal Parks – These parks are designed to ease business registration procedures in Malaysia and provide incentives for all Halal-related manufacturing sectors;

Liberal views on Islam – Malaysia can be seen as the gateway between the “Islamic world” and the “Western world” due to their modern Islamic practices. As a result of this, Malaysia’s economy is suited for both Islamic and Western corporations;

Islamic Banking – Malaysia has one of the biggest sharia compliant assets. There is no restriction on repatriation between international Sharia bank accounts.

Population

The demographics of Malaysia are represented by the multiple ethnic groups that exist in this country. In 2010, Malaysia’s population is 28.6 million which makes it the 41st most populated country in the world. Of these, 5.72 million Malaysians live in East Malaysia and 22.5 million live in Peninsular Malaysia. The Malaysian population continues to grow at a rate of 2.4% per annum. In 2010, the Malays were 60.3%, Chinese 22.9%, and the Indians 7.1% of the total population. Malaysia’s population is projected to increase by 10 million (35.0%) to 38.6 million in 2040.

Political Structure

The ethnically and religiously diverse constitutional monarchy of Malaysia has been ruled by the United Malays National Organization since independence in 1957.

Currency

Malaysian Ringgit (“MYR”)

Type of Law

Common Law

Incorporate Your Business in Malaysia

The demand for Malaysia Company Incorporation services continues to accelerate. We at Faizal & Partners understand why Malaysia is attracting so much corporate interest as we tell you before, why setup company in Malaysia.

To incorporate a Company with SSM (Companies Commission of Malaysia) but this need to be done through a certified company secretary. Faizal & Partners is a Malaysia company formation agent registered with SSM.

We’d like to share our expertise with you about Malaysia Company Registration. As a premier provider of Malaysia company incorporation services, we are in a unique position to offer you a FULL array of formation agents services at the most attractive prices.

Do check out Why Faizal & Partners’s Company Incorporation Package is the best in Malaysia.

Faizal & Partners could help you to register your new company in Malaysia at RM2,499 ONLY. The Best & Fastest Company Incorporation Services in Kuala Lumpur, Selangor and Malaysia with promise no hidden costs and tricky add-ons.

You are required to take up our Secretarial Services Package to enjoy above promotional price. Please see below for more details!

We are experienced leading corporate service provider that capable to provide support to both local business and foreign investor in setting up companies in Malaysia.

We Welcome You

If you’re in our neighbourhood and would like to discuss any aspect of our services, please feel free to visit us at our offices during our business hours. We recommend that you make an advance booking of your proposed visit to avoid any unnecessary delay.

We practice no lock in period and no exit fees for Malaysia Company Setup as we believe that with the excellent service we provide, you definitely stay with us.

INCORPORATION OF A COMPANY MALAYSIA UNDER THE COMPANIES ACT 2016

Generally, Company Limited by Shares is the most common business vehicle to carry out business in Malaysia which provides limited liability status to its shareholders.

The requirements to form a company are:

a minimum paid-up capital of RM1 only
a minimum of one (1) subscriber to the share(s) of the company
a minimum of one director who are at least 18 years of age and are residing in Malaysia. He/she is not a bankrupt and has not been convicted and imprisoned for a period of past 5 years. Faizal & Partners can provide you the Local Resident Nominee Director Service if required for at extra charges.
a minimum of one Company Secretary (Company Secretary must be a member of any one of the prescribed professional bodies or licensed by the SSM). Faizal & Partners can provide you the Company Secretarial Services at a fee.
must have a registered office in Malaysia to which all communications and notices may be addressed. It is normal practice in Malaysia to have the secretarial office as the registered office. (This is included as part of our Company Secretarial Services)

Refer to our services for more information about Faizal & Partners services package details.

When you turn to Faizal & Partners, you are assured of quick yet thorough processing that results in an incorporated company that complies with all existing statutes, laws and regulations. We take care of all the Malaysia Company SDN BHD Registration details so that you can devote your energies to strategic planning, marketing, financing and operations, in other words, all the big-picture tasks an entrepreneur needs to consider when launching and opening a SDN BHD company in Malaysia.

This standard Company SDN BHD incorporation packages suitable for local entrepreneurs. This not suitable for you and you are required nominee director services? No worry, please refer other Malaysia company registration services packages.

The Standard Malaysia Incorporation services package includes the following:-

Unlimited name search for availability of proposed names for register company in Malaysia
Name reservation with register SSM for 2 times
Approval Letter To Use Name
Paid up capital – RM1 to RM1,000
Submission of Form to SSM after registration
Prepare resolutions for First Board of Directors’ Meeting
Prepare resolution to open the company’s bank account (Free up to 2 accounts)
Prepare 2 sets of certified true copies of incorporation documents
Free incorporation consulting & advisory services
Free tax planning and GST advice
For Malaysia company setup with directors and shareholders more than 2 person or entity, extra charge of RM100 per person or entity is applied.

Our Secretarial Services Package fee is RM1,000 per year and includes the following:-

Acting as named Corporate secretary by our qualified professional staff (Malaysian)
Safekeep company common seal
Maintaining the Minutes and Register Books
Advice on secretarial/statutory/compliance/accounting/tax/GST matters
Monitoring and ensuring compliance with relevant legal requirements, particularly under the Companies Act and Income Tax Act. Regular compliance alert via email and call.
Provision of registered office address includes:
- Statement of letter is available upon request
- Free Incoming General Fax Services (Local outgoing fax-RM1 for each page, Overseas outgoing fax-RM2 for each page)
- Free Scanning letter services upon request
- Free daily letter/parcel notifications via email
- Self-collection of mail and parcels between Monday – Friday: (9am to 6pm) (no handling fee)
- Receipt of normal mails, air mails, parcels (below 3 kg) or registered mails *
- Mail forwarding / Courier arrangement to a local / overseas address on daily / weekly / monthly basis is available (Service fee of RM 1 is applied for each forwarding)

There will be different requirements for paid-up capital for different licensing or application employment Further details, please refer Company’s Paid Up Capital Requirements For Employment of Expatriate.

* Approval must be obtained for any bulky items / parcels (especially it is more than 3 kg) sent to the registered office address. Daily handling fee and storage fee is applied.

** The adoption of Constitution is optional under the Companies Act 2016 (CA 2016) and if you are interested to adopt our standard Constitution for your company, our fee is RM424 which excludes stamping fee (RM200). Extra charge for customisation of Constitution applies. Amongst the special clauses included in our standard Constitution are as follow:-

Signing of board resolution by majority of directors (signing by all directors as required under CA 2016)
Adoption of common seal (which is useful when client purchase properties)
Main venue of meeting of members may not be in Malaysia (must be held in Malaysia under CA 2016))

Faizal & Partners understands that you want to get started right away and register Company SDN BHD in Malaysia. We are small enough to nimbly respond to all of your needs, yet big enough to provide all the services a new corporation requires. Don’t miss critical business opportunities due to red tape! Trust Faizal & Partners to support your speedy corporate launch with a unique package of services available nowhere else in Malaysia. Faizal & Partners offers the best company incorporation package in all of Malaysia.

Why we can offer you at this price, RM2,499?

It is our mission to offer the Three Es: efficiency, effectiveness and economy all part of our One-Stop Solution services for our clients.
The usage of latest technologies & customised secretarial & CRM software by Faizal & Partners.
We strongly believed that you deserve the quality support services at the start of your business, this is the first step to us known to you. We are honoured to be your support.

Malaysia Company Registration at only RM2,499 has never been so easy! Most economical & best in Malaysia!

Our office in Malaysia utilizes outsourced reputable security system on top of the building security control in-and-out gate and the building security guards. The 24 hours central monitoring system and 24 hours armed response team will assured you with our 3-tiers security systems to prevent and minimize the possibilities of loss of secretarial file, secretarial file get burned or secretarial file stolen.

INFORMATION REQUIRED

To incorporate a company, the following information must be submitted to us through completion of Online Incorporation Form. Alternatively you may email us the manual incorporation form to

faizal8partners@gmail.com

Proposed company names with its meaning
Principal business activities of the proposed company
Photocopy of all directors & shareholders NRIC or Passport *, **
Latest proof residential addresses of all directors such as utility bills (if different from IC)
Paid-up capital information
Business occupation, email and contact number of all directors & shareholders
Percentage of shareholding of each shareholders

* It is a statutory requirement to have at least one resident directors for setting-up a private limited company in Malaysia. Other than a local Malaysian who permanently resides in Malaysia, any foreigner with a Resident Talent Pass (RPT) / permanent resident (PR) / MM2H holder also qualified to be considered as Resident Director. In the absence of these, you may consider to subscribe to our Nominee Director Services.

** If the shareholder is a corporate entity, please provide the corporate shareholders copy of the registration documents containing the Certificate of Incorporation, Memorandum & Articles of Association/Constitution and Certificate of Incumbency or equivalent document. If the shareholder of the corporate shareholder is also a corporation, please provide a similar set of the registration documents as mentioned earlier. Such requirement is necessary for all corporate shareholders until the ultimate individual shareholder(s) is/are identified. Please also provide details of the corporate representative(s) of all corporate shareholder(s) together with written documents showing the authorisation given by the corporate shareholder(s) to the corporate representative(s).

STEPS TO INCORPORATE

Complete the Online Incorporation Form / Email us the manual incorporation form to us.
2. We will perform company name search to check availability of the proposed name(s) and get back to you within 24 hours
Email us on the name to be reserved together with the required information and payment slip for our professional fees
Upon receipt of payment, the company name will be reserved at your request
Once name approved by SSM , we will prepare full set of registration documents
Signing of documents at Faizal & Partners office by all directors & shareholders
Upon signing, we will proceed to incorporate the company with SSM
Issuance of Notification of Incorporation by SSM
Once the company is incorporated, we will email you all the relevant documents for records.

Should you have any questions about Malaysia Company SDN BHD formation / Company Search, please email and we will promptly reply within 24 hours.

Based on Faizal & Partners’s past experiences on registering company with SSM, the entire incorporation process will take 5-7 days. Having said that FP’s track record is to register a Company within 1 working day from the date that directors & shareholders sign the incorporation documents at Faizal & Partners office. Please note that the incorporation timeline is very dependent on the accuracy and completeness of information and documents and also subject to the availability & stability of SSMs MyCoID online system.

Business Licences in Malaysia

Before a business can legally start operating, businesses are required to comply with some form of licensing, which could be a general licence, an industry/sector specific licence or activity specific licence. Business licences are required by the legislation and administered by various government agencies, statutory bodies and local authorities. Business licences includes registrations, approvals, licences and permits. The compliance requirements vary by industry, business activity and location.

Business licences can be categorized into 3 different logical groups, namely:

General licences
Sector Industry Specific licences
Activity Specific licences

General Licences

General licences are licences that are required and shall be applicable once the investor has decided to start a business in Malaysia.

List of General licences, which may be applicable to any business, include:

Company Registration
Company and Employees Income Tax Registration
Employees Provident Fund
Social Security Organisation
Human Resources Development Fund
Business Premise Licenses and Signboard Licenses
- Businesses in Malaysia are required to apply for business premise licenses and signboard licenses from the respective State Authorities. The requirements for the application may vary according to each local authority.

Sector / Industry-Specific Licences

Sector/Industry Specific licences are licences unique to a particular industry or sector that are specified by the Government. This involves major policies that controlled the development of certain industries or sectors in line with the development policy of the country.

Examples of Sector/Industry Specific licences are:

Licences related to the Manufacturing Sector
- A company with a paid up capital/shareholder’s fund not exceeding RM2.5 million or manpower less than 75 people may apply for a confirmation letter that the company is exempted from manufacturing licence approval. The applicant should submit a copy of form ICA 10 together with a copy of the following documents:– Memorandum and Articles of Association
  – Certificate of Incorporation (Form 9)
  – Registered Address (Form 44)

For further information, please visit MIDA’s website at http://www.mida.gov.my

Licences related to the Wholesale, Retail Trade
- The most common license required for a foreign owned company is Wholesale, Retail Trade (WRT) License.This WRT license is applicable to any Foreign Participation (i.e. foreign equity at 51% and above) in the Malaysia Distributive Trade Services include wholesalers, retailers, franchise practitioners, direct sellers, suppliers, who channel their goods in the domestic market, and commission agents or other representatives including those of international trading companies.

The WRT license is required by all the said business sectors before they can apply for a professional work permit. For WRT, the minimum paid up capital requirement is RM 1 million, with company full set-up i.e. with business premises supported with valid tenancy agreement, phone line and etc. Please refer to official portal of Ministry of Domestic Trade, Co-operatives and Consumerism (MDTCC) for further details on WRT License

Licences related to the Telecommunication Sector
Licences related to the Broadcasting Sector
Licences related to the Oil Exploration Sector
- When Setup Company in Malaysia, companies which wish to explore and develop upstream oil and gas reserves in Malaysia are required to sign a production sharing agreement with Malaysian state Oil Company Petronas.For further information, please visit Petronas website at www.petronas.com.my
Licences related to the Construction
- All Companies involved in Building and Construction must obtain a licence from the Construction Industry Development Board (CIDB) before incorporating in Malaysia and before undertaking any construction and related activities in the country.For further information, please visit CIDB’s website at www.cidb.gov.my
Licences related to the Banking Sector
- Under the Banking and Financial Institutions Act, 1989, the Malaysian Central Bank licenses and regulates businesses such as banking, money broking, discount houses, provision of credit and finance, merchant banking, deposit taking and certain other financial businesses.For further information, please visit Bank Negara’s website at www.bnm.gov.my.

Activity-Specific Licences

Activity-Specific licences are licences that regulate particular activity and could be applicable to one or more Industries or Sectors. This category of licence requires investor to comply with sets of specific guidelines designed to protect the interest of the citizen, employment, safety of workers, environment and general public.

Examples of Activity Specific Licences are:

Certificate of Fitness for Certified Machinery
Approval for Expatriate Post
Approval to install/resite/alter Air Pollution Control Equipment (bag filter and chimney)
Building Plan Approval
Sales Tax Licence

The above information is a general guide towards making the initial steps, decision and planning for the intended business by potential investors and business owners.

Appointing the Right Person as your Nominee Director in Malaysia

All companies are required to have at least one directors who each has his principal or only place of residence within Malaysia according to the Malaysia Companies Act.

It is common for foreigners to set up a company in Malaysia with nominee directors acting as their local directors.

Responsibilities are quite burdensome for all directors, including the nominee directors. The nominee directors would end up having to pay extra charges for the company including company liquidation charges in case the foreign clients areno longer reachable.

At Faizal & Partners, our Nominee Director Services is provided by our reputable and trustworthy professionals. We will provide you with local Nominee Directors who are Malaysia citizen and closely associated with the management team in Faizal & Partners, with guaranteed good services. Faizal & Partners has been providing Nominee Directors services since 2011 in Singapore and Malaysia. Based on our extensive experiences and good feedback with 100% satisfaction rating received so far, we are confident that we will be able to provide you with guaranteed quality of Nominee Director Services that would satisfy your requirement. The Nominee Directors are supported by highly competent professionals and have the required skill set needed to discharge their duties as local directors and to assist companies in the fulfilling of the requirements and guidelines as set out in the Companies Act and by the local Authorities. Faizal & Partners can help companies to maintain their good standing status and ensure their full regulatory compliance at all time. As the responsibilities of the Nominee Directors are very onerous, to safeguard the interests of the nominee director, we require a security deposit to be kept with us for as long as our Nominee Director Services is being engaged.

Our Nominee Director will sign an agreement with you to provide you with the assurance that they will not be involved in your business operation, as well as not to be your bank signatories, so that you can have full control over your bank account(s) and company.

If your company is in good standing based on a detailed company review, we will be pleased to offer you our Malaysia Nominee Director Service with security deposit only at RM5,000 for each director. However, all the directors, shareholders, principals and agents, if any,, must satisfy our initial Know Your Customer (KYC) requirements.

We understand that we have competitors who are not collecting security deposit but you should always be aware that they usually are able to do so by outsourcing their Nominee Director services.

Some service providers in Malaysia are providing nominee director services without performing any due diligence review. These service providers are taking the risk of ending up with high risk clients especially those who are involved in money laundering or terrorism financing activities.

If a nominee director is involved in a legal suit, all the companies with the same nominee director will be affected as well. That nominee director might implicate your company resulting in investigation being carried out on your company. This is a very serious implication to you and will cause ample inconvenience to you including requiring your regular presence in Malaysia to assist with any investigation.

Only service providers who meant business and are concern with the reputation and well-being of all their clients will perform due diligence review and ask for valid and sufficient supporting documents to ensure conformity. This is a good practise which is beneficial to you as they will perform thorough screening of their potential clients ensuring that all clients are good and will not implicate each other causing unnecessary losses or inconvenience.

You should also be sceptical with service providers that do not perform or perform minimum due diligence review and are able to set up a company for you with nominee director services using basic information such as passport and address proof only. Such errant service providers may be black-listed by financial institutions as high risk client category resulting in difficulty or pro-longed process in opening a bank account.

While some people have the misconception that companies with foreign setup will not be able to have a bank account successfully opened by the financial institutions, it is in fact due to the due diligence review issue which resulted in them being listed as high risk clients by the financial institutions. That is the reason why most banks prefer a foreigner with valid work pass before they consider approving a bank account for the foreigner as they could perform their due diligence review based on records available in the government’s database.

With the above analysis, please rest assured that with Faizal & Partners, you will not encounter any of these problem.Our world class due diligence review system which has passed the assessment by the Singapore Authority is of guaranteed quality of services. For customer like you and those who has reputable branding overseas the quality of your nominee director , is important and our assurance is to provide you with the stability required including the commitment of fulfilling all the rules and regulations.

With such good system, financial institutions place high confident in us and we have very close banking relationship with them. This can assure you a smooth and easier process for any bank account opening application, even with a 100% foreign ownership company, if you are starting a genuine business start-up in Malaysia. Based on our records, we have not encountered any rejection of bank account opening application because of sole foreign ownership issue.

Choosing between having a local Malaysia nominee or not largely depends on the requirement of the nature of your business. If one is not careful on the appointment, the following four complications may arise:

All directors are required to sign company documents for the smallest changes, nominees do not turn up to sign.
Nominees credit score over time is not good, this will affect the health of the company
Untraceable nominees will lead to inability to complete any compliance duty with the relevant Governmental Departments that will cause penalties which are costly, ranging from RM2,000 onwards.
Dispute to claims of the Company’s authority and shares.