On 25 January 2016, the Minister of Law and Human Rights (“MOLHR”) issued Regulation No. 1 of 2016 regarding the Amendment of MOLHR Regulation No. 4 of 2014 (“MOLHR Reg 4/2014”) on the Procedures for Submitting Applications for the Validation of Legal Entities and Approval and Notification for the Amendments and Changes to the Articles of Association (“AOA”) and Data of a Limited Liability Company (“MOLHR Reg 1/2016”). This new regulation has taken effect since 25 January 2016.
This note is intended to give an overview only on the key changes in MOLHR Reg 1/2016. Basically, MOLHR Reg 1/2016 requires more supporting documents to be submitted to the MOLHR for the validation of legal entities, amendments or changes to the AOA and Data. Below is the comparison between MOLHR Reg 4/2014 and MOLHR Reg 1/2016.
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