| AGENCY |
SYLLABUS FOR INTERVIEW OF LIQUIDATOR |
| SECURITIES COMMISIONS MALAYSIA (SC) 🌐 |
- Various Acts and guidelines administered by the Securities Commission Malaysia and the Malaysian Code on Corporate Governance.
- Roles and responsibilities of the Securities Commission Malaysia, Audit Oversight Board and Bursa Malaysia Berhad.
- Liquidation:
- Criteria and obligations of PN17 issuers under Main Market listing requirements of Bursa Malaysia Berhad.
- Criteria and obligations of GN3 issuers under ACE Market listing requirements of Bursa Malaysia Berhad.
- Contents of announcement in relation to appointment of a liquidator by a public listed company.
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| MALAYSIAN INSTITUTE OF ACCOUNTANTS (MIA) 🌐 |
COVERAGE – CORE AREA
- By-Laws of the MIA
- Subsection 111: Integrity
- Subsection 112: Objectivity
- Subsection 113: Professional Competence and Due Care
- Subsection 114: Confidentiality
- Subsection 115: Professional Behaviour
- Section 310: Conflict of Interest
- Section 320: Professional Appointment
- Section 321: Second Opinion
- Section B200: Method of Practice
- Technical knowledge of insolvency practices and rescue schemes including MIA’s Insolvency Guidance Notes (IGN), winding up rules and relevant provisions of other legislation affecting insolvency administrations (e.g. Employment Act)
- Legal cases relevant to insolvency administrations
- Methods of asset disposals and the procedures, precautions and other factors to be considered
COVERAGE – NON-CORE AREA
- Role of special administrators under various Acts applicable from time to time
- Consultative paper issued by SSM or other authorities dealing with insolvency practices or the general accounting landscape (in relation to insolvency engagements)
NOTE
- The scope was last updated in March 2020. It is expected that these areas will evolve over time.
- It is not expected that an interviewer has to cover all the above areas in each interview session.
- The same standard should apply for all interviewees without regard to their experience profile
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| MALAYSIAN DEPARTMENT OF INSOLVENCY (MDI) 🌐 |
- Part IV of the Companies Act 2016 (Winding-Up by Court)
- Companies (Winding-Up) Rules 1972
- Relevant laws
- Liquidation Administration
- Powers and functions of approved liquidator; and
- Do’s and Don’ts
- Documents lodged to Official Receiver
- Importance of the documents;
- Contents of documents; and
- Purpose of lodgement.
- Supervision on approved liquidator
- Supervision by Official Receiver;
- Supervision by Court; and
- Duties of approved liquidator towards the supervision.
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| SURUHANJAYA SYARIKAT MALAYSIA (SSM) 🌐 |
- Division 8 of Part III of the Companies Act 2016 - Corporate Rescue Mechanism
- Part IV of the Companies Act 2016 – Cessation of Companies
- Division 2 - Provisions Applicable to Every Winding Up
- Division 3 - Winding Up of Unregistered Companies
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