If you would like to register a private limited company in the Malaysia (Sdn Bhd), you will be required to appoint a minimum of one company director. There is no statutory limit to the number of directors that can be appointed. (As refer to Companies Acts, 2016).
However, if he wants to be the sole director of the company, he has to fulfill the requirement under section 196(4) of the Companies Act 2016, in that he must ordinarily reside in Malaysia, by having a principal place of residence in Malaysia.
Who can be a Company Director?
A director shall be a natural person who is at least 18 years of age.
A director shall not an undischarged bankrupt.
A Director has not been convicted whether within or outside Malaysia of any offence:
- in connection with the promotion, formation or management of a corporation;
- involving fraud or dishonesty punishable on conviction with imprisonment for three months of more; or
Under section 213, 217, 218, 228 or 539, within a period of five years preceding the date of this declaration.
In Conclusion, Company directors are responsible for the management of their companies. They must act honestly and promote the success of the business and benefit its shareholders.