Act of a Nominee director Malaysia who will not hold a single number of shares of a company. A local person is appointed as the nominee as safeness policy of the government. It is not easier to trust an unknown person who is appointed as a nominee. Officer of local and foreign banks ask the nominee about the company background. A nominee is powerless but acts as an important role of a company. A consent from nominee is needed when the foreign shareholding company gets the approval of a bank loan. A nominee director is questionable if a company fly without a payback bank loan.
Company Act, 1965, Section 132 (1E) A director, like an employee of organization, or who act as substitute director for short period, shall bear in mind to act with honestly, shall not subordinate responsibilities to act in the for the entity to his duty to other.
Terms and conditions being nominee director Malaysia of your company:
Note: Security deposit is required, refundable. Thanks
Finding reliable nominee of your company, residing Malaysian is might not be easier being foreign investors unless know someone local. In that case, read terms and conditions and sign with nominee director service provider in Malaysia. To register/ form SDN BHD, a private limited company as law nominee director has to be appointed who is residing of Malaysian. You may want to know about Sdn Bhd Malaysia company.