Holding of subsidiary by a Company Limited By Guarantee

Applicant should make an application for holding/acquiring subsidiary by a Company Limited By Guarantee by filling out Section 45 Lodgement of Application by CLBG for Registrar’s approval (Appendix B) or Section 45 Application by CLBG for Minister’s approval (existing CLBG) (Appendix C) and attach supporting documents according to Checklist 8.

The application should be submitted to SSM counter for Minister's or Registrar's approval.

An estimated/forecasted income and expenditure for a period of 3 years years for the holding company and subsidiary company commencing from the registration/acquisition of the subsidiary has to be prepared according to format in Example 4.

Fee :

1. Application for Minister's approval : RM 300.00
2. Application for Registrar's approval : RM 100.00

More information :

1. Guidelines on Company Limited By Guarantee
2. Checklist 8
3. Section 45 Companies Act 2016
4. FAQ Company Limited By Guarantee

Note :

1. CLBG licensed with conditions issued by Minister cannot hold/acquire subsidiary(ies).
2. CLBG must obtain approval of Minister/Registrar before lodging Return for Allotment of Shares under Section 78 Companies Act 2016.
3. CLBG must have at least 3 years Audited Financial Statements.
4. If the subsidiaries have been acquired without the approval of Minister/Registrar, the CLBG must obtain Court Order under section 582 Companies Act 2016.