Company Law 2016 Kuala Lumpur 8 May 2017 Brochure by Synergy TAS

COMPANY LAW 2016 8 May 2017 (Monday)

COMPANY LAW 2016 :

TOTAL REVAMP WITH HUGE TAX PLANNING OPPORTUNITIES SPEAKER | DR CHOONG KWAI FATT | HRDF CLAIMABLE * | 10 CPD** | KUALA LUMPUR BAR COUNCIL APPROVED CDP : 6 CPD

THE NEW & HUGE WAVES OF CHANGE IN BUSINESS STRUCTURE & ADMINISTRATION.

COMPANY LAW 2016

Terms and Conditions | Cancellation Policy: No refund will be made after payment is made. If the registered participant is unable to attend, a substitute delegate is allowed at no extra charge. However, should there be a request to change the name printed on the certificate of attendance to that other than that shown on the registration form, RM 100 extra will be charged as reprinting service charge. The organiser reserves the right to refuse service. The organiser reserves the right to change event date and venue, with notice being sent vide the email registered above. Information collected is in pursuant to the Personal Data Protection Act 2010. | *HRDF Claimable : Subject to approval by PSMB . | **CPD : Final CPD accepted by professional bodies vary and subject to each bodies’ discretion. | Seats are confirmed on payment made and on first come first served basis only. You have fully understood the DISCLAIMER OF WARRANTIES AND LIMITATION OF LIABILITY stated in our Synergy TAS PLT website at http://www.synergytas.com/disclaimer/. You may not, without our prior written permission, frame or inline link any of the content of this brochure, or incorporate it into another website or other service any of our material, content or intellectual property. Copyright (C) 2017 Synergy TAS PLT.

COMPANY LAW 2016 THE GARDENS, MID VALLEY CITY, KUALA LUMPUR COMPANY LAW 2016 : TOTAL REVAMP WITH HUGE TAX PLANNING OPPORTUNITIES

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WHILE OTHERS STRUGGLE TO LEARN UP ON COMPANIES ACT : YOU ARE NOT ONLY AWARE OF IT, YOU ALSO KNOW HOW IT WORKS AND VARIOUS TAX PLANNING IDEAS AT YOUR DISPOSAL

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INTRODUCTION Companies Bill 2015 has already passed through Third Reading by Dewan Rakyat on 4th April 2016 and passed by Dewan Negara on 28th April 2016. This Bill has received Royal Assent on 31.8.2016, Malaysia will have a brand new Companies Act 2016. It has come into eﬀect now since 31st January 2017. Where various radical changes have been introduced and crafted. It is yet another huge shift in how businesses will operate and administered.

GET READY FOR NEW COMPANIES ACT IN 2016! This Company Law 2016 seminar will stand out as it takes into account the perspective of Tax Planning and the Complete and Extensive Analysis of this new Companies Act needed for your income tax efficiency and how GST Optimisation can be achieved by tapping into this NEW Corporate Structure. With introduction of Companies Act 2016 , shareholders are now given a vital role in managing the company’s business despite company having its own directors. Company directors on the other hand are loaded with hefty responsibilities and obligations. This seminar will dissect and reveal the hot elements of the new Companies Act in relation to shareholders and directors of companies. One of the essential features is that a Sdn Bhd can now be owned by single shareholder and single director. Along with other significant changes, these would ease the setting up of Sdn Bhd to carrying on business for income tax efficiency and GST optimisation. This seminar will completely analyse the new Companies Act from the perspective of tax planning. Participants are allowed to send in 2 questions relating to new Companies Act and suggested tax & business solutions will be provided during the exciting seminar.

STAY AHEAD OF THE CROWD

SPEAKER’S PROFILE DR CHOONG KWAI FATT is the expert in tax planning for companies and individuals. He is appointed by the Ministry of Finance as one of the panel members to review tax reforms in Malaysia. He has conducted and published an extensive research on tax way back since 2006. Dr Choong being an avid researcher, he has also studied taxation system from various countries. He is also widely known for his ability to formulate the “unthinkable” strategies and clearly thought of implementation plan. He is constantly sought by many listed companies as well as high net worth individual and SME for his practical and impressive strategy as to corporate restructuring and of course, his foresight into the potential tax concerns. He is the expert of experts in terms of tax planning and corporate restructuring, where he provides advice and personally trained corporate accountants, professional ﬁrms and company secretary on corporate restructuring, income tax, RPGT and GST implementation. Get ready to take good notes when you attend his Company Law seminar.

DR CHOONG KWAI FATT B.Acc(Hons)(Malaya),LL.B(Hons)(London), CLP, MCL(IIUM),PhD(IIUM), FCCA(UK), CPA(M), CA(M), ACA(ICAEW), CA(Aust.),CPA(Aust.), CGA(Can), FCCS. TAX CONSULTANT, ADVOCATE AND SOLICITOR (HIGH COURT OF MALAYA)

THE COURSE CONTENT INCLUDES BUT NOT LIMITED TO THE FOLLOWING: Topics include but not limited to: + Setting up a company with single shareholder and director – the risks and safeguard to be taken into account

+ Convert to Single Shareholder Company ? – What hiccups and Estate Planning needed before you jump into it

+ Audit Exemption on small companies - What are the rules and guidelines to be taken into account?

+ Tax Eﬃcient Corporate Structure under the

MAXIMISE ON TAX PLANNING WITH COMPANIES ACT 2016 With the substantial change in company law, it creates lots of tax planning opportunities. There are a huge learning gaps since it is a total revamp. Dr Choong states that there will be lots of preparation needed with regards to companies, also the tax planning opportunities should not be missed. Enhanced in corporate governance gives greater loads and duties to directors and change the function of shareholders. Reporting system and how audit report will be prepared also has changed. Companies secretary, be it in-house or external, must be carefully appointed to ensure they are updated with the correct secretarial functions and right documentations.

= Hot topic Malaysia’s New Companies Act and Tax Planning

Liquidation

+ Guidelines to become an Approved Liquidator + Annual General Meeting is now discretion – but do look out for your tax consideration and appropriate procedures for submission of annual return

+ Conﬂicts between shareholders intervention and directors refusal to act – what are the middle grounds to take and resolve?

Companies Act 2016

+ Thin Capitalisation Rule – how new company law will trigger and how to defence against it?

+ Business Contracts – What are the NEW Credit

+ Dividend payment or capital reduction – the noting

Control Management procedures needed to deal with company with single shareholder

+ Constitution – the unlimited capacity of a company seems attractive, but what are the various consideration needed prior to adopting the New Constitution?

+ Share capital for incorporating a company – how much is adequate, how much is considered to be too little?

+ Issuance of debenture, preference shares, ordinary shares – eﬃcient use and manner to use

+ Preparation of Director’s Report and Business Review + Written Resolution – what rules are archaic and what are the new and necessary circumstances to be used in written resolution

+ Capital Reductions – when to use it and when to say NO to it?

+ Interest Scheme Act 2016 - Methods to raise Capital or Seed Capital

It is oﬃcially an Companies Act 2016 now ! Unlike other seminars, where speaker dictates what the participants should know. Here, we prefer to not just dictate but also listen to the concerns of our participants.

TWO BURNING QUESTIONS

+ Member Voluntary Liquidation and Company

point and PRECAUTIONS before the next pay-out and share reduction

+ Solvency Test and statement – the detailed mechanism and director’s defences

+ Directors’ NEW duties and defences – the added load of personal liability as to income tax and Real Property Gains Tax (RPGT)

+ Shareholder’s interference in the company operation – triggering transfer pricing issues and related parties’ concern that should be taken into account

+ Loan to directors – transfer pricing management and when director should say NO?

+ Shares can now buy back – Should you REALLY BUY IT?

+ Company providing ﬁnancial assistance for shares purchased – what are your new income tax consideration?

+ Proﬁt Distribution under the new regime for Tax Eﬃciency

+ To continue or to liquidate – How about “to restructure” as an alternative?

+ + Transitional Application on Company Law

tion to on to submit 4 Questions in rela Each participant is given the opti this new Companies Act: stions after the event. 2 questions prior to event; 2 que re the king days prior to the event, whe Send in 2 burning questions 10 wor his and n atio ider cons his for Choong questions will be submitted to Dr of shared during the event as part be will s tion solu ness busi d suggeste the content in the seminar. answer d new, Dr Choong has agreed to In view that company law is bran should s stion que r pany law (where you two post event questions on com ). the event date be submitted within 3 months from

The following books will be provided : - Companies act (worth RM 260) - Interest Scheme Act (worth RM 140) - Transforming from Companies Bill to Companies Act (worth RM 90)

PROGRAM TIMELINE

8 May 2017

Estimated timeline for Company Law 2016

REGISTRATION & BREAKFAST (BREAKFAST PROVIDED) 8.30 AM

+ Setting up a company with single shareholder and director – the risks and safeguard to be taken into account

+ Convert to Single Shareholder Company ? – What hiccups and Estate Planning needed before you jump into it

+ Audit Exemption on small companies - What are the rules and guidelines to be taken into account?

+ Tax Eﬃcient Corporate Structure under the Companies Act 2016

9.00 AM

+ Business Contracts – What are the NEW Credit Control Management procedures needed to deal with company with single shareholder

+ Constitution – the unlimited capacity of a company seems attractive, but what are the various consideration needed prior to adopting the New Constitution?

10.15 AM

+ Share capital for incorporating a company – how much is adequate, how much is considered to be too little? + Issuance of debenture, preference shares, ordinary shares – eﬃcient use and manner to use

+ Preparation of Director’s Report and Business Review

BREAK (SNACKS PROVIDED) 10.30 AM

+ Written Resolution – what rules are archaic and what are the new and necessary circumstances to be used in written resolution

+ Capital Reductions – when to use it and when to say NO to it?

+ Interest Scheme Act 2016 - Methods to raise Capital or Seed Capital + Member Voluntary Liquidation and Company Liquidation + Guidelines to become an Approved Liquidator

12.30 PM

+ Annual General Meeting is now discretion – but do look out for your tax consideration and appropriate procedures for submission of annual return

LUNCH (MEAL PROVIDED)

+ Conﬂicts between shareholders intervention and directors refusal to act – What are the middle grounds to take and resolve?

+ Thin Capitalisation Rule – how new company law will trigger and how to

2.00 PM

defence against it? + Dividend payment or capital reduction – the noting point and PRECAUTIONS before the next pay-out and share reduction

+ Solvency Test and statement – the detailed mechanism and director’s defences + Directors’ NEW duties and defences – the added load of personal liability as to income tax and Real Property Gains Tax (RPGT)

3.00 PM

+ Shareholder’s interference in the company operation – triggering transfer pricing issues and related parties’

BREAK (SNACKS PROVIDED)

+ Loan to directors – transfer pricing management and when director should say NO?

+ Shares can now buy back – Should you REALLY BUY IT? + Company providing ﬁnancial assistance for shares purchased –

3.15 PM

what are your new income tax consideration? + Proﬁt Distribution under the new regime for Tax Eﬃciency + To continue or to liquidate – How about “to restructure” as an alternative? + Transitional Application on Company Law Q & A Session

End of live event

5.00 PM 7.00 PM

Note : Speaker is committed to high quality of presentation and insists that all materials are covered. Therefore the schedule may vary.

PRICING

Choose the right rate for you.***

HRDF claimable

Want to attend the seminar at its lowest price ? Register in group of 3 or more participants in one registration to get additional discount.

* Subject to employer’s application to PSMB.

FROM 14 APRIL 2017 ONWARDS THE FULL FEE IS RM 1,288. WITH GROUP REGISTRATION DISCOUNT

3- 4 pax

1 - 2 pax

OF RM 100 AND RM 200 RESPECTIVELY

5 & more

STILL APPLICABLE FOR GROUP REGISTRATION

RM 1,088+ per pax

RM 988+ per pax

RM 888+ per pax

RM 1,288+ per pax

RM 1,188+ per pax

RM 1,088+ per pax

***The fee shown is subject to 6% GST EARLY BIRD DISCOUNT ? 2017 to Register early by 14 April 200 oﬀ. RM al ition add to f entitle yoursel

Enjoys RM 200 oﬀ as early bird discount when you register by 14 April 2017.

By registering three or more participants enjoy an additional RM 100 oﬀ from early bird price .

*****

Here’s how the math works : RM 1,288 - RM 200 early bird discount - RM 100 group registration discount = RM 988+.

more, entitled yourself ^^ By registering ﬁve or to additional RM 200 oﬀ

By registering ﬁve or more participants enjoy an additional discount of RM 200 oﬀ . Here’s how the math works : RM 1,288 - RM 200 early bird discount - RM 200 group registration discount = RM 888+.

This price is valid until 14 April 2017. This price is valid until 14 April 2017.

VENUE

***** *****

The seminar will be held in Ballroom, Level 5, The Gardens Hotel, Mid Valley City. Within the vicinity of one of Kuala Lumpur’s most popular shopping mall, it is ideal for outstation participants to bring along family to spend a weekend in Mid Valley City prior to attending seminar. Park in Zone B, Zone U or Premier parking zone which normally has adequate parking available or utilize the hotel valet option which is reasonably priced for all hotel guests. Flat rate of RM 5 per entry with validation for parking in Zone B, U or Premier parking zone. Synergy TAS PLT Suite 153, PG-15A, Ground Floor, Jaya 33 No. 3, Jalan Semangat, Section 13 46100 Petaling Jaya, Selangor (016) 302 6109 ; (016) 328 6312 event@synergytas.com Copyright (C) 2017 Synergy TAS PLT.

IDEAS ARE THE BEGINING POINTS OF ALL FORTUNES.

UNDERSTAND THE NEW COMPANIES ACT & GET YOUR TAX PLANNING IDEA IS THE BEGINING POINTS OF GREAT BUSINESS TAX SAVING AND RISK MANAGEMENT. See you on Event Day !

Online version of this form can be access vide this link :

www.synergytas.com/companylaw2016

COMPANY LAW 2016 : TOTAL REVAMP WITH

Fee based on number of registered participant. * Price quoted is subject to 6% GST.

HUGE TAX PLANNING OPPORTUNITIES

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THE GARDENS, MID VALLEY CITY, KUALA LUMPUR.

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8 MAY 2017

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Most important company law with tax planning event of the year.

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Please make payment to : "SYNERGY TAS PLT" ( CIMB : 800 707 1544 ) either through bank transfer or bank in cheque prior to the event.

Terms and Conditions | Cancellation Policy: No refund will be made after payment is made. If the registered participant is unable to attend, a substitute delegate is allowed at no extra charge. However, should there be a request to change the name printed on the certificate of attendance to that other than that shown on the registration form, RM 100 extra will be charged as reprinting service charge. The organiser reserves the right to refuse service. The organiser reserves the right to change event date and venue, with notice being sent vide the email registered above. Information collected is in pursuant to the Personal Data Protection Act 2010. | *HRDF Claimable : Subject to approval by PSMB . | **CPD : Final CPD accepted by professional bodies vary and subject to each bodies’ discretion. |Seats are confirmed on payment made and on first come first served basis only. You have fully understood the DISCLAIMER OF WARRANTIES AND LIMITATION OF LIABILITY stated in our Synergy TAS PLT website at http://www.synergytas.com/disclaimer/. You may not, without our prior written permission, frame or inline link any of the content of this brochure, or incorporate it into another website or other service any of our material, content or intellectual property. REF: 20170414HC Copyright (C) 2017 Synergy TAS PLT. Copyright (C) 2017 Synergy TAS PLT.