Definition of Bumiputera Company
15 Jun 2010 11:22 AM


ANNEX B

 

DEFINITION OF BUMIPUTERA COMPANY

 

  • A Bumiputera company must fulfill the following criteria:

  1. Established under the Companies Act, 1965

  2. Paid-up capital of at least RM25,000

  3. Shareholders are 100% Bumiputera

  4. Board of Directors are at least 51% Bumiputera

  5. Managerial and Professional Staff are at least 51% Bumiputera

  6. Supporting Staff are at least 51% Bumiputera