COMPANY LAW 2016 17 October 2016, Monday
COMPANY LAW 2016 :
TOTAL REVAMP WITH HUGE TAX PLANNING OPPORTUNITIES SPEAKER | DR CHOONG KWAI FATT
| HRDF CLAIMABLE * | 10 CPD | PENANG
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 : is subject to approval by PSMB . 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) 2016 Synergy TAS PLT.
COMPANY LAW 2016 G HOTEL GURNEY, PENANG TOTAL REVAMP OF COMPANY LAW IN 2016: WITH HUGE TAX PLANNING OPPORTUNITIES
“
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
“
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. Upon gazetting of this Bill, Malaysia will see a brand new Companies Act. Where various radical changes have been introduced and crafted. It is another huge shift in how businesses will be operated and administered. If you think GST is exciting, wait till you see Company Law. It is a total revamp!
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 the introduction of Companies Bill 2015, shareholders have now been 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 responsibility and obligation. 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. These significant changes would ease up the setting up of Sdn Bhd to carry out a 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 (2 before and 2 after event) 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)
Copyright (C) 2016 Synergy TAS PLT.
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
+ Annual General Meeting is now discretion –
+ Convert to Single Shareholder Company ? –
+ Conflicts between shareholders intervention
What hiccups and Estate Planning needed before you jump into it
and directors refusal to act – what are the middle grounds to take and resolve?
+ Annual General Meeting is now discretion –
+ Thin Capitalisation Rule – how new company
your tax consideration
law will trigger and how to defence against it?
+ Tax Efficient Corporate Structure under the
+ Dividend payment or capital reduction – the noting point and PRECAUTIONS before the next pay-out and share reduction
new Companies Act
MAXIMISE ON TAX PLANNING WITH NEW COMPANIES ACT 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
+ 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?
+ 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
+ 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?
+ 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?
+ Corporate Rescue Procedures – What are Malaysia’s New Companies Act and Tax Planning
but do look out for your tax consideration and appropriate procedures for submission of annual return
the available option and consideration before execution
+ 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?
More contents will be added after the Companies Bill 2015 receive the Royal Assent. 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
tion to this new on to submit 4 Questions in rela
Each participant is given the opti Companies Act:
Copyright (C) 2016 Synergy TAS PLT.
stions after the event. 2 questions prior to event; 2 que re the questions will king days prior to the event, whe Send in 2 burning questions 10 wor business solutions consideration and his suggested be submitted to Dr Choong for his part of the content in the seminar. will be shared during the event as answer two post event d new, Dr Choong has agreed to In view that company law is bran within 3 months your questions should be submitted questions on company law (where from the event date).
PUBLISHED COMPANIES ACT COMPILED BY DR CHOONG WIL BE PROVIDED FOR FREE.
PROGRAM TIMELINE
17 October 2016 (Monday) G Hotel Gurney, Penang
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
+ Annual General Meeting is now discretion – your tax consideration + Tax Efficient Corporate Structure under the new Companies Act
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
+ Written Resolution – what rules are archaic and what are the new and necessary
BREAK (SNACKS PROVIDED) 10.30 AM
circumstances to be used in written resolution
+ Capital Reductions – when to use it and when to say NO to it? + Corporate Rescue Procedures – What are the available option and consideration before execution 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 – 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? Q & A Session
Presenting the big idea of Company Law and tax planning. Copyright (C) 2016 Synergy TAS PLT.
End of live event
3.15 PM
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
Register online by using the following link :
www.synergytas.com/companylaw2016Penang
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 15 SEPTEMBER 2016 ONWARDS THE FULL FEE IS RM 1,288. WITH GROUP REGISTRATION DISCOUNT OF RM 100 AND RM 200 RESPECTIVELY
3- 4 pax
1 - 2 pax
5 & more
STILL APPLICABLE FOR GROUP REGISTRATION
Register by 15 September 2016
RM 1,088 per pax
RM 988 per pax
RM 888 per pax
Register after 15 September 2016
RM 1,288 per pax
RM 1,188 per pax
RM 1,088 per pax
Register
Register
Register
***The fee shown is subject to 6% GST EARLY BIRD DISCOUNT ? ber 2016 to Register early by 15 Septem RM 200 off. al ition add to f entitle yoursel
Enjoys RM 200 off as early bird discount when you register by 15 September 2016.
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 15 September 2016. This price is valid until 15 September 2016.
VENUE
***** *****
The seminar will be held in Grand Ballroom, Level 2, G Hotel Gurney in Penang. Located on the prominent location of Gurney Drive and is walking distance to two famous shopping malls Gurney Plaza and Gurney Paragon, it is ideal for outstation participants to bring along family to spend a weekend in Gurney Drive prior to attending seminar. Park at secured car park spaces which normally has adequate parking available or utilize the hotel valet option which is reasonably priced for all hotel guests. Flat rate of RM 6 nett after validation. Validation machine is available at Grand Ballroom foyer. 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) 2016 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/companylaw2016PENANG
COMPANY LAW 2016 : TOTAL REVAMP WITH
Fee based on number of registered participant. * Price quoted is valid until 15.9.2016 & subject to 6% GST.
Tick
HUGE TAX PLANNING OPPORTUNITIES
1 - 2 Participant(s) *RM 1,088 per participant
3 - 4 Participants
*RM 988 per participant
Most important company law with tax planning event of the year.
(After RM 100 group discount per participant)
Register before 15 September 2016 to enjoy early bird discount of RM 200.
5 or More Participants
Participant 1 Name (Mr / Mrs / Ms)
to indicate your category of fee.
*RM 888 per participant
(RM 200 group discount per participant)
Require Vegetarian Meal
Certificate of attendance will be printed according to this name.
Live Event
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Date
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17 OCTOBER 2016
Time
Participant 2 Name (Mr / Mrs / Ms)
Certificate of attendance will be printed according to this name.
10 CPD
9.00 AM to 7.00 PM
Require Vegetarian Meal
Location
G HOTEL GURNEY, PENANG
Designation
Simple way to register
Online Form at
Mobile Tel Particiant 3 Name (Mr / Mrs / Ms)
Certificate of attendance will be printed according to this name.
Require Vegetarian Meal
Billing to Company
Designation Email
Address
Mobile Tel Participant 4 Name (Mr / Mrs / Ms)
Certificate of attendance will be printed according to this name.
www.synergytas.com/companylaw2016PENANG or, Email : event@synergytas.com Just scan this form and email to register for seat(s). Thereafter upon payment, please scan and email the deposit slip to event@synergytas.com .
Nature of Business Require Vegetarian Meal
Construction Manufacturing Consultancy
(Vital information for Speaker to take into account in the preparation of seminar material)
Management Developer Investment Holding Company Audit
Real Estate
Health
Trading Education Logistics Legal Tax Agent Company Secretary Services Retail Financial Services
Other:
Designation
Products and Services
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Certificate of attendance will be printed according to this name.
e.g. Plastic Producing, Buy Land and Develop, Investment Holding Company, Medical Devices, Chemicals, Waste Products, Diesel, IT, etc.
Tel Require Vegetarian Meal
Contact Person Email Remark
Designation Email Mobile Tel
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 : is subject to approval by PSMB . 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) 2016 Synergy TAS PLT. REF: 20160703TLLPENANG Copyright (C) 2016 Synergy TAS PLT.