MYANMAR COMPANIES LAW 
                               (Unofficial Translation)           
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                                DRAFT MYANMAR COMPANIES LAW 
                                        TABLE OF CONTENTS 
                                                   
            PART I – PRELIMINARY ........................................................................................................................... 1 
                  Division 1: Citation, commencement and definitions ...................................................................... 1 
            PART II – CONSTITUTION, INCORPORATION AND POWERS OF COMPANIES ............................. 8 
                  Division 2: Registration of companies ............................................................................................. 8 
                  Division 3: Nature of companies ..................................................................................................... 8 
                  Division 4: Incorporations and registrations under this Law ........................................................... 9 
                  Division 5: The company constitution ........................................................................................... 12 
                  Division 6: Company names .......................................................................................................... 15 
                  Division 7: Company dealings ....................................................................................................... 16 
                  Division 8: Activities prior to registration ..................................................................................... 18 
                  Division 9: Other corporations authorised to register or taken to be registered under this Law.... 20 
                  Division 10: Change of company type ........................................................................................... 27 
            PART III – SHARES AND MATTERS RELATING TO A COMPANY’S CAPITAL ............................ 30 
                  Division 11: Shares and other securities ........................................................................................ 30 
                  Division 12: Transfers of shares and other securities .................................................................... 36 
                  Division 13: Registers and certification of interests in a company ................................................ 37 
                  Division 14: Dividends .................................................................................................................. 43 
                  Division 15: Transactions and matters affecting share capital....................................................... 45 
            PART  IV  –  MANAGEMENT,  ADMINISTRATION  AND  GOVERNANCE;  OFFERS  OF 
            SECURITIES TO THE PUBLIC; GRANT OF SECURITY BY A COMPANY; MAINTENANCE OF 
            COMPANY ACCOUNTS .......................................................................................................................... 56 
                  Division 16: Office and name ........................................................................................................ 56 
                  Division 17: Meetings and proceedings ......................................................................................... 57 
                  Division 18: Directors and their powers and duties ....................................................................... 67 
                  Division 19: Members rights and remedies ................................................................................... 81 
                  Division 20: Matters relating to share offers by public companies ............................................... 86 
                  Division 21: Share offers by corporations incorporated outside the Republic of the Union of 
                  Myanmar ........................................................................................................................................ 96 
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                   Division 22: Mortgages and charges granted by a company ......................................................... 99 
                   Division 23: Appointment of receivers, keeping of book and registration of charges granted by 
                   corporations incorporated outside the Republic of the Union of Myanmar ................................. 105 
                   Division 24: Financial Reports and Audit ................................................................................... 106 
                   Division 25: Arbitration, compromise with creditors and members and buy-out rights ............ 116 
             PART V – WINDING UP ......................................................................................................................... 119 
                   Division 26: Winding up a company ........................................................................................... 119 
                   Division 27: Winding up of unregistered companies ................................................................... 154 
             PART VI – THE REGISTRAR, REGISTRATION OFFICE, REGISTRATION OF DOCUMENTS, 
             POWERS OF INSPECTION AND FEES; REMOVAL OF COMPANIES FROM THE REGISTER ... 157 
                   Division 28: The Registrar, registration office, registration of documents, powers of inspection 
                   and fees and removal of companies from the register.................................................................. 157 
             PART VII – PROCEEDINGS; OFFENCES; REGULATIONS AND TRANSITIONAL PROVISIONS
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                   Division 29: Jurisdiction of the Courts and legal proceedings .................................................... 165 
                   Division 30: Offences and defences ............................................................................................ 175 
             PART VIII – MISCELLANEOUS ........................................................................................................... 180 
                   Division 32: Regulations, notifications and guidelines................................................................ 180 
                   Division 31: Savings and transitional provisions ......................................................................... 181 
                    
                                                     
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