Document background
The Memorandum of Association of Cosmetic Company is a crucial incorporation document required under Malaysian law when establishing a company in the cosmetics sector. This document serves as the company's constitution and is mandatory under the Companies Act 2016, setting out the framework within which the company will operate. It defines the relationship between the company and external stakeholders, outlines permitted business activities specifically related to cosmetics manufacturing and trading, and establishes the company's powers and limitations. The document must be filed with the Companies Commission of Malaysia (SSM) during incorporation and needs to align with various regulatory requirements, including those from the National Pharmaceutical Regulatory Agency (NPRA) for cosmetics operations. It's particularly important for ensuring compliance with both corporate law and industry-specific regulations in Malaysia's cosmetics sector.
