When it comes to signing agreements on behalf of a company in Malaysia, it`s important to understand who has the authority to do so. The person signing the agreement should be authorized to do so by the company, and their signature should be legally binding.
In Malaysia, the Companies Act 2016 outlines the rules and regulations governing the signing of agreements on behalf of a company. According to the act, a company may authorize a person to sign agreements on its behalf by way of a resolution passed at a general meeting or a board meeting.
Generally, the following individuals may sign agreements on behalf of a company in Malaysia:
1. Directors: The directors of a company are responsible for managing the company`s affairs and may be authorized to sign agreements on its behalf. The directors are typically appointed by the shareholders at a general meeting.
2. Company Secretary: The company secretary is responsible for ensuring that the company complies with all legal and regulatory requirements. They may be authorized to sign agreements on behalf of the company if they are given the relevant authority by the board of directors.
3. Authorized officers: The company may appoint authorized officers to sign agreements on its behalf. These individuals may include managers, executives, or other employees who are authorized to act on behalf of the company.
It`s important to note that the authority to sign agreements on behalf of the company must be clearly defined in the company`s articles of association or other relevant documents. Without such authorization, any agreement signed by an unauthorized person may not be legally binding.
In conclusion, the signing of agreements on behalf of a company in Malaysia is an important matter that should be handled with care. Only authorized individuals should sign agreements, and their authority must be clearly defined by the company`s articles of association or other relevant documents. By following these guidelines, companies can ensure that their agreements are legally binding and enforceable.