No, Sdn Bhd companies in Malaysia do not need a M&A constitution for opening a bank account. While a constitution (formerly known as Memorandum and Articles of Association) is optional for companies limited by shares like Sdn Bhd under the Companies Act 2016, the Companies Act can be used in its place, and a constitution is not mandatory for bank account opening
Explanation:
• Sdn Bhd and the Companies Act 2016:
Sdn Bhd companies, which are private limited companies, are considered companies limited by shares.
• Optional Constitution:
Under the Companies Act 2016, companies limited by shares, like Sdn Bhd, have the option to adopt a constitution.
• Alternatives to Constitution:
If a company chooses not to have a constitution, the provisions of the Companies Act 2016 itself will govern the company's internal affairs and management.
• Bank Account Opening:
Banks generally require a company's Notice of Registration or other official documents to open an account, not necessarily a constitution. They may also require resolutions from the directors authorizing the bank account.
• No Mandatory Constitution for Bank Account:
Therefore, even if an Sdn Bhd does not have a constitution, it can still open a bank account with the required documents and resolutions.
Sdn Bhd M&A Constitution
2016Companies Act 2016Sdn Bhd Memorandum and Articles of Association, M&A
1. Sdn Bhd
Sdn BhdSendirian Berhad2016
2. Constitution
2016
3.
Sdn Bhd
4.
- Notice of Registration / Section 15
- Section 17, 58
- Board Resolution
5.
Sdn Bhd
BR 15314 
US 7697 
VN 3596 
TR 2566 
SA 1745 
IQ 1558 
SG 1118 
IN 1099 
