What happens if a director or shareholder dies?
The company survives — perpetual succession means it doesn't dissolve with an owner. Shares pass through the estate, requiring grant of probate or letters of administration first. If the deceased was the sole director, a replacement is urgent: Section 196 requires a resident director at all times.
Statutory figures: Companies Act 2016 s.196
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In practice the bank account freezing is what hurts fastest. If you're facing this now, WhatsApp +60 10-383 5988 — we handle the emergency filings and walk the family through the estate steps in order.
Key facts
- Company survives (perpetual succession)
- Shares via estate; probate/LA required
- Sole-director death → urgent replacement under s.196
WhatsApp +60 10-383 5988 (licensed secretary replies the same working day) or walk in at J-3A-15, Solaris Mont Kiara.