BY ZALEHA ZAIN AND PARTNER. COMPANIES CONTENTS Types of Companies Differences between Companies and Partnerships Advantages of Companies over Partnerships TYPES OF COMPANIES Companies in Malaysia are classified according to: (i) liability or (ii) private or public status BY LIABILITY S.14 (2) Companies Act 1965 (CA) – a company may be: A company limited by shares; A company limited by guarantee; A company limited by shares and guarantee; An unlimited (liability) company. FOREIGN COMPANY S.4(1): ‘Where the company, or corporation, society, association or other body incorporated outside Malaysia, but which carries on business in Malaysia..‘ It is wholly or majority owned (measured in % of shares held) by non-Malaysians. Such company has to lodge certain documents as laid down in S.332(1) CA 1965 and pay the appropriate fees before commencing the business in Malaysia. A foreign company registered under the “Companies Act” 1965 has the power to hold immovable property in Malaysia.