Document background
A Resolution of the Sole Shareholder is utilized in Malaysian companies where all shares are held by a single shareholder, whether an individual or corporate entity. This document type is specifically recognized under the Companies Act 2016 and provides a streamlined method for documenting shareholder decisions without the formality of general meetings. It's commonly used for routine corporate matters such as adopting annual accounts, appointing directors or auditors, declaring dividends, or approving significant corporate actions. The document must be properly executed and maintained in the company's records, and may need to be filed with the Companies Commission of Malaysia (SSM) depending on the nature of the resolution. While more informal than a general meeting, these resolutions carry the same legal weight and must comply with all relevant Malaysian corporate law requirements.
