• Burmese
Friday, July 18, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
26 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home Business

Govt Investment Body to Share Regulations for Companies Law Soon

Nan Lwin by Nan Lwin
July 2, 2018
in Business
Reading Time: 2 mins read
0 0
A A
Dignitaries attend the inauguration of Thilawa Industrial Zone B in Yangon Region on Feb. 24, 2017. / Irrawaddy

Dignitaries attend the inauguration of Thilawa Industrial Zone B in Yangon Region on Feb. 24, 2017. / Irrawaddy

5.1k
VIEWS
Share on FacebookShare on Twitter

YANGON — The Directorate of Investment and Company Administration (DICA) said it would release regulations relating to the new Companies Law before it takes effect on Aug. 1 with instructions on electronic registration, company constitutions and capital structures.

“We submitted the regulations to the [government’s] Economic Committee already; the cabinets will review it later,” said DICA Director U Myo Min.

After the review, DICA will release the regulations on its website, via state-run media and by other means, he added.

RelatedPosts

Chameleon Crony: How Myanmar’s ‘Baby’ Tycoon Thrived Across Four Eras

Chameleon Crony: How Myanmar’s ‘Baby’ Tycoon Thrived Across Four Eras

June 10, 2025
5.5k
Trump-Musk Alliance Melts Down in Blazing Public Row

Trump-Musk Alliance Melts Down in Blazing Public Row

June 6, 2025
525
ASEAN Corporate Giants Fueling Myanmar Junta’s War Crimes: JFM

ASEAN Corporate Giants Fueling Myanmar Junta’s War Crimes: JFM

May 26, 2025
2.4k

The Companies Law is considered one of the major legislative achievements of the ruling National League for Democracy, replacing and incorporating elements of the 1914 Companies Act and 1950 Special Companies Act. DICA says it will make it easier for foreigners to invest in local companies and make business regulation more efficient and effective.

Once it takes effect, all companies will need to re-register electronically with Myanmar Companies Online within six months, or by Jan. 31.

A partial draft of the regulations says a company must ensure that all forms and documents lodged electronically are also kept as hard copies at its registered office. Copies of passports or other identity documents of those who register a company, and others prescribed by the regulations, will have to be kept with the company, as well.

The draft says registration may be rejected if the company fails to complete forms property, attach required documents, provide required information or pay the requisite fee. And if a company fails to re-register within the six months, it will be struck from the company registry and dissolved. Companies that miss the deadline can get back on the registry, but the fees and procedures for doing so have yet to be announced.

When they re-register, companies and corporations must provide the full name, date of birth, gender, nationality and address of every director and secretary, along with the address of the entity’s registered office.

DICA said a company or corporations that re-registers also has to provide a copy of its constitution, or a statement that it has adopted the model constitution.

“We will provide information of the whole process. Before registration, a company needs to review the model company constitution, decide whether to adopt it and whether to retain the business objectives of the company,” U Myo Min said.

The DICA director said companies should also review the directors’ duties and liabilities under the new law and will have to update their lists of directors, members, mortgages and charges.

According to DICA, there are more than 50,000 local companies and 7,000 foreign companies currently registered in Myanmar.

 

Your Thoughts …
Tags: Business
Nan Lwin

Nan Lwin

The Irrawaddy

Similar Picks:

Post-Coup Myanmar is a Family Business: Min Aung Hlaing & Co
Burma

Post-Coup Myanmar is a Family Business: Min Aung Hlaing & Co

by David Aung
February 8, 2024
18k

Min Aung Hlaing is an opportunistic businessman in military uniform and his children are more mercenary than the offspring of...

Read moreDetails
KIA Seizes Myanmar Junta’s Last Remaining China Trade Route in Kachin State
War Against the Junta

KIA Seizes Myanmar Junta’s Last Remaining China Trade Route in Kachin State

by The Irrawaddy
June 14, 2024
17.1k

The military regime has also lost control of all border trade in neighboring northern Shan State.

Read moreDetails
Myanmar Junta Reportedly Set to Prosecute High-Profile Businessmen for Corruption
Junta Cronies

Myanmar Junta Reportedly Set to Prosecute High-Profile Businessmen for Corruption

by The Irrawaddy
October 18, 2023
15.9k

Regime cronies Thein Win Zaw and Mu Mu Shein are set to follow former lieutenant general Moe Myint Tun as...

Read moreDetails
Myanmar Junta’s ‘Brainless’ Response to Soaring Gold Prices Leaves Market in Disarray
Analysis

Myanmar Junta’s ‘Brainless’ Response to Soaring Gold Prices Leaves Market in Disarray

by Hein Htoo Zan
June 4, 2024
14.8k

Arrests, corruption, false receipts—the crisis in the gold and currency markets bears all the hallmarks of the junta’s inability to...

Read moreDetails
Myanmar’s Multibillion-Dollar Jade Trade ‘Crashing’ as China Clamps Down  
Business

Myanmar’s Multibillion-Dollar Jade Trade ‘Crashing’ as China Clamps Down  

by The Irrawaddy
June 5, 2024
14.3k

Crackdown on border scams and tax fraud is taking heavy toll on gems trade, say merchants.

Read moreDetails
Scam Operations Flourish in Myanmar’s Biggest City
Investigation

Scam Operations Flourish in Myanmar’s Biggest City

by The Irrawaddy
March 7, 2024
10.3k

Under the noses of junta officials, online scam syndicates freely operate in Yangon as government-registered companies, an investigation by The...

Read moreDetails
Load More
Next Post
UN Secretary General Antonio Guterres visits the Kutupalong refugee camp in Cox’s Bazar, Bangladesh, July 2, 2018. / Reuters

UN Chief Calls for More Pressure on Myanmar for Rohingya Returns

: A man walks past the China Mobile logo at the Mobile World Congress in Barcelona, Spain, February 28, 2018. / Reuters

Trump Moves to Block China Mobile's US Entry, Citing Security Concerns

No Result
View All Result

Recommended

What the ‘Snake Charmer’ Analogy Gets Wrong About Myanmar

What the ‘Snake Charmer’ Analogy Gets Wrong About Myanmar

2 days ago
1.3k
‘Not a Witch Hunt’: Upholding Survivor-Centered Justice in Myanmar

‘Not a Witch Hunt’: Upholding Survivor-Centered Justice in Myanmar

7 days ago
832

Most Read

  • Rakhine Fighters Close In on Myanmar Junta’s Naval Base

    Rakhine Fighters Close In on Myanmar Junta’s Naval Base

    shares
    Share 0 Tweet 0
  • Indian Army Accused of Deadly Strike on Separatists in Myanmar

    shares
    Share 0 Tweet 0
  • Behind the Scenes: China’s Hand in Myanmar’s Election

    shares
    Share 0 Tweet 0
  • Myanmar Junta’s Recapture of Nawnghkio Shows Strategic Missteps by TNLA

    shares
    Share 0 Tweet 0
  • Myanmar Junta’s Power Transfer Looms, but Real Control to Remain With Regime Boss

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Books
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.