Iphone Service Centers

Today I went to Machine (Iphone) to ask about my friend's iphone 7 display screen replacement, the staff in Machine gave me a pc of paper containing the Machine service center locations. I guess many of them does not know where to send their iphone for repair, so I copy and paste the information in my blog here.

1. Northpoint office

B-G-2, Ground Floor, Northpoint Office,

Mid Valley City,

Medan Syed Putra Utara,

59200 Kuala Lumpur.

Monday - Saturday 

9am - 6pm

Sunday & Public Holiday

Close

2. Suria KLCC

Lot 316B & 316C,

3rd Floor, Suria KLCC,

50088 Kuala Lumpur.

Monday - Sunday

10am - 10pm

3. The Curve

Lot G17 - G18, Ground Floor, The Curve,

Mutiara Damansara,

47810 Petaling Jaya,

Selangor.

Monday - Sunday

10am - 10pm

4. Machines Support Hotline

+603 9212 2606 (Monday - Friday : 9am - 6pm)

5. Apple Toll Free Help Line

1800 80 3638

Below are some handphone common parts price list:-

Companies Act 2016 - Substantial Value

Section 223(3)
In the case of any company other than a company to which subsection (2) applies, an undertaking or property shall be considered to be of a substantial value and a portion of the company's undertaking or property shall be considered to be a substantial portion if:-

(a) its value exceed twenty-five per centum (25%) of the total assets of the company;

Property cost - RM8,500,000
Total assets - RM350,988,462
Total assets = Non current assets + Current assets
Result is 2.42% of the total assets of the company, which is lower than 25%.

(b) the net profits, after deducting all charges except taxation and excluding extraordinary items, attributed to it amounts to more than twenty-five per centum (25%) of the total net profit of the company; or

Property cost - RM8,500,000
Profit before tax - RM650,000
Result is 1,307.69% of the total assets of the company, which is higher than 25%.

(c) its value exceeds twenty-five per centum (25%) of the issued share capital of the company,

Property cost - RM8,500,000
Issued share capital - RM60,000,000
Result is 14.17% of the total assets of the company, which is lower than 25%.

whichever is the highest

From the calculation above shows that the company doesn't pass the test under subsection (b), therefore the purchase of property of RM8,500,000 is substantial value to the company.



Disclaimer:-

This guide includes information obtained or derived from a variety of publicly available sources. I have not sought to establish the reliability of these sources or verified such information. All such information is provided "as is" and I do not give any representation or warranty of any kind (whether expressed or implied) about the suitability, reliability, timeliness, completeness and accuracy of this publication. This publication is for general guidance only and shot not be construed as professional advice. Accordingly it is not intended to form the basis of any decision and you are advised to seek specific professional advice on any transaction or matter that may be affected by this publication before making any decision or taking an actions.

Companies Act 2016 - Financial Statements and Reports

Duty to lodge financial statements and reports with the Registrar

Section 259(1) - A company shall lodge with the Registrar for each financial year the financial statements and reports required under this Act:-

(a)   in the case of a private company, within thirty (30) days from the financial statements and reports are circulated to its members under Section 258;

(b)   in the case of a public company, within thirty days from its annual general meeting; and


Time allowed for sending out copies of financial statements and reports

Section 258(1) - The circulation of financial statements and reports:-
(a)   for a private company, shall be within six (6) months of its financial year end; and
(b)   for a public company, shall be at least twenty-one (21) days before the date of its annual general meeting.


Offence & Penalty

Section 258(3) - The company and every officer who contravene this section commits an offence and shall, on conviction, be liable to a fine not exceeding fifty thousand (50,000) ringgit and, in the case of a continuing offence, to a further fine not exceeding one thousand (1,000) ringgit for each day during which the offence continues after conviction.

Section 259(3) - Every officer who contravenes this section commits an offence and shall, on conviction, be liable to a fine not exceeding fifty thousand (50,000) ringgit and, in the case of a continuing offence, to a further fine not exceeding five hundred (500) ringgit for each day during which the offence continues after conviction.



Disclaimer:-

This guide includes information obtained or derived from a variety of publicly available sources. I have not sought to establish the reliability of these sources or verified such information. All such information is provided "as is" and I do not give any representation or warranty of any kind (whether expressed or implied) about the suitability, reliability, timeliness, completeness and accuracy of this publication. This publication is for general guidance only and shot not be construed as professional advice. Accordingly it is not intended to form the basis of any decision and you are advised to seek specific professional advice on any transaction or matter that may be affected by this publication before making any decision or taking an actions.

Companies Act 2016 - No Par Value Shares

No Par Value Shares

Section 74 - All shares issued before or upon the commencement of this Act shall have no par or nominal value.

Likely Effects and Implications

Under the new law, companies can issue shares at any value they choose. That also means that there is no more concept of prohibiting the issuance of shares at a discount.

The directors now have the discretion and the duty to determine the appropriate value of the shares when issued.

Transitional provisions relating to abolition of nominal value

Section 618(2) - Upon the commencement of Section 74, any amount standing to the credit of a company's share premium account and capital redemption reserve shall become part of the company's share capital.

Likely Effects and Implications

No more share premium and capital redemption reserve account, only left share capital account.

What can we do the the share premium account?

Section 618(3) - Notwithstanding subsection (2), a company may, within twenty-four (24) months upon the commencement of Section 74, use the amount standing to the credit of its share premium account to -

(a) Provide for the premium payable on redemption of debentures or redeemable preference shares issued before the commencement of Section 74;

(b) Write off - 

(i) the preliminary expenses of the company incurred before the commencement of Section 74; or

(ii) expenses incurred, or commissions or brokerages paid or discounts allowed, before or upon the commencement of Section 74, for any duty, fee or tax payable on or in connection with any issue of shares of the company;

(c) pay up, under an agreement made before the commencement of Section 74, shares which were unissued before that date and which are to be issued upon that date to members of the company as fully paid bonus shares;

(d) pay up in whole or in part the balance unpaid on shares issued before the commencement of Section 74 to members of the company;  or 

(e) pay dividends declared before the commencement of Section 74, if such dividends are satisfied by the issue of shares to members of the company.

What can we do the the capital redemption reserve account?

Section 618(4) - Notwithstanding subsection (2), a company may, within twenty-four (24) months upon the commencement of Section 74, use the amount standing to the credit of its capital redemption reserve account to pay up shares which were unissued before that date and which are to be issued to members of the company as fully paid bonus shares.

What happens to unpaid shares issued?

Section 618 (6) - Notwithstanding subsection (1), the liability of a shareholder for calls in respect of money unpaid on shares issued before the commencement of Section 74, whether on account of the par value of the shares or by way of premium, shall not be affected by the 
shares ceasing to have a par value.

Disclaimer:-

This guide includes information obtained or derived from a variety of publicly available sources. I have not sought to establish the reliability of these sources or verified such information. All such information is provided "as is" and I do not give any representation or warranty of any kind (whether expressed or implied) about the suitability, reliability, timeliness, completeness and accuracy of this publication. This publication is for general guidance only and shot not be construed as professional advice. Accordingly it is not intended to form the basis of any decision and you are advised to seek specific professional advice on any transaction or matter that may be affected by this publication before making any decision or taking an actions.