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Striking off is one of the processes available under the
Companies Act 2016 for the dissolution of a company. When a company
becomes dormant, and directors do not wish to continue incurring
costs for its upkeep, striking off can be fast, straightforward and
cost-effective. This article will set out the requirements and
procedures by the Companies Act 2016, as well as the Companies
Commission of Malaysia, for the striking off of a company which is
not carrying on business or is not in operation
1.
Who can initiate the striking off process under section
Private equity investments and exits
Q3 2020 witnessed 173 Private equity (
PE)
investments worth USD 7.5 billion
The largest PE investment was announced by Silver Lake, KKR and
General Atlantic s USD 2536 million investment in Reliance
Retail Ventures
The second largest investment was the USD 414 million
acquisition of publicly-listed pharmaceuticals company JB Chemicals
& Pharmaceuticals Ltd by global PE investor KKR
The third largest investment was the purchase of ECL
Finance s sticky corporate loans worth USD 401 million by
US-based Farallon Capital and Singapore-based SSG Capital
Funds with AIF vehicles participated in 75 investments
representing 43% of overall investment worth USD 4.6 billion.
86 DPIIT registered start-ups raised PE funding worth USD 719
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In preparation for the upcoming proxy season, issuers should
familiarize themselves with the Canadian proxy voting guidelines
recently published by Institutional Shareholder Services Inc.(ISS) and Glass Lewis & Co. (Glass Lewis),
respectively. This bulletin addresses certain topics covered by the
ISS benchmark policy recommendations and Glass Lewis s proxy
guidelines and shareholder initiatives guidelines, respectively, in
each case for the 2021 proxy season in respect of issuers listed on
the Toronto Stock Exchange (TSX).
PROXY ADVISORY FIRMS ROLE
Proxy advisory firms review and analyze matters put forward for
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Corporate governance has become one of the most hotly debated
topics in recent years. Whether it be board diversity, corporate
culture or succession planning, directors across the world have
hugely diverse opinions. But what happens when there is no-one to
steer the ship?
Companies with sole directors, members, resident agents and
company secretaries are less frequently encountered, but cannot be
left in limbo if the worst is to happen and the sole
individual holding those roles dies. Without someone to progress
the company s interests, bank accounts are likely to be
Introduction
The BVI continues to be a popular place in which to establish
asset holding companies and joint venture companies due to its
flexible corporate legislation and widely respected commercial
court.
This guide examines the main rights of a shareholder in a BVI
company and the potential remedies available to a shareholder when
things go wrong.
Principal sources
BVI Business Companies Act 2004 (the
Companies Act);
Insolvency Act 2003 (the Insolvency
Act); and
company s memorandum and articles
of association (M&A).
This guide assumes that the company has a single class of shares
and relatively standard M&A.
BVI company law basics