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Memorandum Of Association Of Educational Company

Memorandum Of Association Of Educational Company Template for Malaysia

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Key Requirements PROMPT example:

Memorandum Of Association Of Educational Company

"I need a Memorandum of Association of Educational Company for a new private international school in Kuala Lumpur, with planned operations starting March 2025, including provisions for multiple campuses and foreign investment from Singapore-based shareholders."

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Document background
The Memorandum of Association of Educational Company is a mandatory legal document required when establishing an educational institution as a corporate entity in Malaysia. This document is essential for compliance with the Companies Act 2016 and educational regulations, serving as the foundation for the company's legal existence and operations. It contains crucial information about the company's structure, educational objectives, share capital, and governance framework. The memorandum must be filed with the Companies Commission of Malaysia (SSM) during incorporation and requires careful consideration of both corporate and educational regulatory requirements. It's particularly important for new educational institutions, expansions of existing institutions, or when restructuring educational organizations in Malaysia.
Suggested Sections

1. Name Clause: States the registered name of the educational company as approved by the Companies Commission of Malaysia

2. Registered Office Clause: Specifies the location of the registered office in Malaysia

3. Objects Clause: Details the educational and business objectives of the company, including types of education services to be provided

4. Limited Liability Clause: Declaration that members' liability is limited

5. Share Capital Clause: Details of the company's authorized share capital and its division into shares

6. Subscriber Details: Information about the founding members/subscribers including names, addresses, occupations, and number of shares taken

Optional Sections

1. Foreign Ownership Provisions: Required when there are foreign shareholders or plans for foreign investment in the educational institution

2. Branch Campus Provisions: Needed when the educational institution plans to operate multiple campuses or locations

3. Religious or Cultural Education Provisions: Required for institutions focusing on specific religious or cultural education

4. Special Rights Provisions: Used when certain shareholders are given special voting or other rights

5. Research and Development Clause: Included for institutions planning to conduct research activities

Suggested Schedules

1. Schedule A: Share Capital Structure: Detailed breakdown of share classes, rights, and initial distribution

2. Schedule B: Educational Programs: List of planned educational programs and courses to be offered

3. Schedule C: Subscriber Information: Detailed information about subscribers including identification documents and shareholding details

4. Schedule D: Property Details: Information about owned or leased properties for educational purposes

5. Appendix 1: Compliance Certificates: Copies of relevant educational licenses and compliance certificates

6. Appendix 2: Corporate Structure: Organizational chart and management structure of the educational institution

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Academic Year
Articles of Association
Board of Directors
Business Day
Companies Act
Companies Commission
Company Secretary
Constitutional Documents
Course
Director
Education Act
Educational Services
Faculty
Financial Year
Governing Body
Identity Card
Institution
License
Member
Memorandum
Ministry of Education
Officer
Ordinary Resolution
Principal
Private Higher Educational Institutions Act
Registered Office
Registration Certificate
Seal
Share
Shareholder
Special Resolution
Student
Subscriber
Teaching Staff
Relevant Industries

Education

Higher Education

Private Education

Legal Services

Corporate Services

Business Administration

Educational Technology

Professional Training

Academic Services

Relevant Teams

Legal

Corporate Secretarial

Academic Administration

Board of Directors

Executive Leadership

Compliance

Finance

Operations

Academic Affairs

Corporate Governance

Relevant Roles

Chief Executive Officer

School Principal

Academic Director

Corporate Secretary

Legal Counsel

Compliance Officer

Education Administrator

Board Member

Financial Director

Operations Director

Institutional Development Manager

Academic Affairs Manager

Registration Officer

Corporate Governance Officer

Industries
Companies Act 2016: The primary legislation governing company incorporation, structure, and governance in Malaysia. This Act provides the fundamental requirements for the Memorandum of Association, including company name, objectives, capital structure, and shareholding details.
Education Act 1996: Regulates the education system in Malaysia and provides framework for educational institutions. Important for defining the educational scope and compliance requirements in the company's objectives.
Private Higher Educational Institutions Act 1996: Specific legislation governing private educational institutions, including licensing requirements, operational guidelines, and quality standards.
Malaysian Qualifications Agency Act 2007: Ensures quality assurance and accreditation standards for educational programs. Relevant for stating educational quality commitments in the company objectives.
Capital Markets and Services Act 2007: Relevant if the educational company plans to raise capital through shares or other securities, affecting the share capital clauses in the Memorandum.
Guidelines on Foreign Participation in the Distributive Trade Services: Important if there's potential foreign investment or ownership in the educational institution, affecting shareholding structure and ownership provisions.
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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