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Memorandum Of Association Of Software Development Company

Memorandum Of Association Of Software Development Company Template for Malaysia

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Key Requirements PROMPT example:

Memorandum Of Association Of Software Development Company

"I need a Memorandum of Association of Software Development Company for a Malaysian startup focusing on AI and machine learning solutions, with an initial share capital of RM500,000 and plans to apply for MSC Malaysia status by March 2025."

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Document background
The Memorandum of Association of Software Development Company is a crucial incorporation document required when establishing a software development business in Malaysia. It serves as the company's foundation document under the Companies Act 2016, defining its relationship with external stakeholders and setting out its operational parameters. This document is necessary when registering a new software development company with the Companies Commission of Malaysia (SSM), or when an existing company needs to formalize its transition into software development activities. It includes essential details about the company's structure, objectives specifically related to software development, share capital, and corporate powers, while addressing modern business needs such as digital operations, intellectual property rights, and technology services. The document must align with Malaysian corporate law requirements while providing flexibility for the company's growth in the dynamic technology sector.
Suggested Sections

1. Name Clause: States the company's name and registration details 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 primary and secondary business objectives, focusing on software development activities

4. Liability Clause: States that the liability of members is limited by shares

5. Share Capital Clause: Specifies the authorized share capital and types of shares

6. Subscription Clause: Details of the initial subscribers and their share subscription

7. Business Powers: Lists the powers of the company to carry out its software development business

Optional Sections

1. Technology License Provisions: Include when the company plans to license its software or technology to third parties

2. Intellectual Property Rights: Detailed section on IP ownership and protection when the company expects to develop proprietary software

3. International Operations: Include when the company plans to operate across multiple jurisdictions

4. Research and Development: Add when the company will have significant R&D activities

5. Digital Assets Management: Include provisions for managing digital assets when dealing with cryptocurrencies or digital tokens

6. Data Protection Compliance: Additional provisions for companies handling sensitive personal data

7. MSC Status Provisions: Include when the company intends to apply for MSC Malaysia status

Suggested Schedules

1. Schedule 1: Share Capital Structure: Detailed breakdown of share classes and rights

2. Schedule 2: Initial Subscribers: Details of founding members and their shareholdings

3. Schedule 3: Business Activities: Comprehensive list of permitted software development and related activities

4. Schedule 4: Intellectual Property Assets: List of initial IP assets and their ownership status

5. Schedule 5: Corporate Governance Framework: Detailed governance structure and procedures

6. Appendix A: Technical Infrastructure: Overview of initial technical setup and infrastructure

7. Appendix B: Compliance Requirements: List of regulatory compliance requirements specific to software development

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions
































Clauses


























Relevant Industries

Information Technology

Software Development

Technology Consulting

Digital Services

E-commerce

Financial Technology

Healthcare Technology

Educational Technology

Enterprise Software

Cloud Computing

Cybersecurity

Mobile Applications

Relevant Teams

Legal

Corporate Secretarial

Compliance

Executive Leadership

Board of Directors

Corporate Governance

Software Development

Information Technology

Business Development

Risk Management

Relevant Roles

Chief Executive Officer

Chief Technology Officer

Chief Legal Officer

Company Secretary

Corporate Lawyer

Legal Counsel

Compliance Officer

Board Director

Managing Director

Software Development Director

Head of Legal

Corporate Governance Manager

Company Founder

Startup Founder

Business Development Director

Industries










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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