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Of Burma hereby prescribes the Burma Companies Regulations, 1957, as follows: In exercise of the powers conferred by section 27A of the Burma Companies Act, the President of the Union hereby prescribes the following Regulations, namely: 1. (1) These Regulations may be called the Burma Companies Regulations, 1975. (2) They shall come into force on such date as the President of the Union may, by notification, appoint. 2. In these Regulations, unless there is anything repugnant in the subject or c.

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Public companies must appoint at least 3 directors, and at least one of the directors must be a Myanmar citizen who is ordinarily resident in Myanmar. There are no minimum capital requirements for the incorporation of company.

The new Companies Law (2017) maintains the distinction be- tween a Myanmar-owned company and foreign-owned com- pany. In future, a company would however only be considered “foreign” if 35% or more of the ownership interest is controlled directly or indirectly by foreign shareholder(s).

Law 159 recognises three types of companies, namely joint stock companies, partnerships, limited by shares and limited liability companies. These formats are available to both local and foreign participants. The law also governs the establishment of a branch or representative office of a foreign company.

Under the Companies Act 1914, a company is required to state its objects in its memorandum of association (which are also recorded in Form 1, where applicable) and such objects restrict a company's activities.

The Companies Law (2017) abolishes the requirement of an authorized capital. Similarly, the principle of par value for shares has been abolished. The nominal value of each share will, irrespectively of its issue price, be determined by the is- sued capital and number of issued shares within the same class.

Main Types of Companies Private Company Limited by Shares. Public Company Limited by Shares. Company Limited by Guarantee. Unlimited Company.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232