The Memorandum Of Association Of Travel And Tourism Company is a mandatory legal document required when incorporating a tourism-focused company in Malaysia. It must be filed with the Malaysian Companies Commission (SSM) as part of the company registration process and serves as the foundation document defining the company's existence, objectives, and relationship with stakeholders. This document is essential when establishing a new travel and tourism company, restructuring an existing one, or converting a different business entity into a tourism-focused company. It contains crucial information about the company's powers, limitations, share capital structure, and compliance with tourism industry regulations. The document must align with the Companies Act 2016, Tourism Industry Act 1992, and other relevant Malaysian legislation governing the tourism sector.
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1. Name of Company: States the official registered name of the company
2. Registered Office: Specifies the location of the company's registered office in Malaysia
3. Objects of Company: Details the primary and secondary business objectives of the travel and tourism company
4. Limited Liability: Declaration that the liability of members is limited
5. Share Capital: Details of the company's authorized share capital and types of shares
6. Subscriber Information: Details of the initial subscribers/shareholders including names, addresses, occupations, and number of shares
7. Powers of the Company: Outlines the specific powers the company has to carry out its objects
8. Restrictions: Any restrictions on the company's powers or activities
1. Foreign Company Provisions: Additional provisions if the company has foreign ownership or international operations
2. Islamic Banking Compliance: Specific provisions if the company wishes to ensure Shariah compliance in its operations
3. Special Rights: Any special rights attached to certain classes of shares or shareholders
4. Branch Operations: Provisions for establishing and operating branch offices
5. Joint Venture Provisions: Special provisions if the company is formed as part of a joint venture
1. Share Capital Structure: Detailed breakdown of share classes, rights, and initial distribution
2. Subscriber Details: Complete information about initial subscribers including identification documents
3. Business Activities: Detailed list of permitted tourism and travel-related activities
4. Corporate Structure: Organization chart and management structure
5. Licensing Requirements: List of required licenses and permits for various tourism activities
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