Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“This section gives the Act’s short title: it may be cited as the Companies Act.”
This section gives the Act’s short title: it may be cited as the Companies Act. This section defines many terms used in the Act, such as company, director, registrar, officer, and several company document and meeting terms. The Minister must encourage local participation in company capital structures when satisfied it is economically necessary for Malawi, and may negotiate with companies to set up and carry out a scheme for that participation. Two or more persons associated for a lawful purpose may form an incorporated company if they sign a memorandum of association and comply with the Act’s registration requirements. This section says what kinds of companies exist, how private companies are defined, and that a company limited by guarantee cannot have shares.
02
How the instrument operates
- 01
Start with the recorded version
Enacted 1984 · Source version 31 Dec 2014. The date shown identifies this source expression and should not be treated as proof that no later change exists.
- 02
Locate the controlling provision
Use the provision map, part headings and full-text filter to move from the broad subject to the exact legal language.
- 03
Read conditions and exceptions together
Keep subsections, definitions, provisos and cross-references in context before drawing a legal conclusion.
- 04
Verify currency and official wording
Confirm later legislation, commencement notices and corrections with the official publisher before advice, filing or reliance.
03
Source and current-law status
Source record view
Source record from malawilii.org · Enacted 1984 · Source version 31 Dec 2014
The source record does not state a definitive current-law status. Check the official publisher and later amendments before relying on this text.