COMPANIES ACT 2016 - unit 《2016 年公司法》- 单位
COMPANIES ACT 2016
“unit”, in relation to a share, debenture or other interest, means any right or interest therein, by whatever term called;
Under the Companies Act 2016, the term “unit”, in relation to a share, debenture, or other interest, refers to any right or interest in such securities, regardless of the name or description given to that right or interest. This broad definition ensures that the legal effect of an interest is determined by its substance rather than the terminology used.
A unit may represent a proportionate ownership, entitlement, participation, or beneficial interest in shares, debentures, collective investment schemes, trusts, or other financial instruments. It is not limited to a specific legal form or designation and may be referred to by different terms under various investment structures or contractual arrangements.
The phrase "by whatever term called" emphasises that the legal character of the interest prevails over its label. Whether an interest is described as a unit, participation, entitlement, beneficial interest, investment interest, or by any other name, it may still constitute a unit for the purposes of the Companies Act if it represents a right or interest in a share, debenture, or other recognised investment.
This definition enables the Companies Act to accommodate evolving financial products and investment structures without requiring continual amendments to the legislation. It also promotes consistency with Malaysia's securities and capital markets framework by ensuring that equivalent economic interests receive the same legal treatment.
Purpose of the Definition
The definition of “unit” serves several important purposes:
“unit”, in relation to a share, debenture or other interest, means any right or interest therein, by whatever term called;
Under the Companies Act 2016, the term “unit”, in relation to a share, debenture, or other interest, refers to any right or interest in such securities, regardless of the name or description given to that right or interest. This broad definition ensures that the legal effect of an interest is determined by its substance rather than the terminology used.
A unit may represent a proportionate ownership, entitlement, participation, or beneficial interest in shares, debentures, collective investment schemes, trusts, or other financial instruments. It is not limited to a specific legal form or designation and may be referred to by different terms under various investment structures or contractual arrangements.
The phrase "by whatever term called" emphasises that the legal character of the interest prevails over its label. Whether an interest is described as a unit, participation, entitlement, beneficial interest, investment interest, or by any other name, it may still constitute a unit for the purposes of the Companies Act if it represents a right or interest in a share, debenture, or other recognised investment.
This definition enables the Companies Act to accommodate evolving financial products and investment structures without requiring continual amendments to the legislation. It also promotes consistency with Malaysia's securities and capital markets framework by ensuring that equivalent economic interests receive the same legal treatment.
The definition of “unit” serves several important purposes:
- Broadly defines any right or beneficial interest in shares, debentures, or other recognised investments.
- Ensures that legal rights are determined by the substance of the interest rather than the terminology used.
- Recognises both legal and beneficial interests in securities and investment products.
- Accommodates a wide range of investment structures, including collective investment schemes, trusts, and other financial arrangements.
- Promotes consistency between the Companies Act 2016 and Malaysia's securities and capital markets legislation.
- Prevents the avoidance of statutory obligations through the use of alternative names or investment structures.
- Provides flexibility for the Companies Act to remain applicable to new and evolving financial products without requiring frequent legislative amendments.
《2016 年公司法》“单位（Unit）”，就股份（Share）、债券（Debenture）或其他权益（Other Interest）而言，是指其中的任何权利或权益，不论该权利或权益以任何名称称述。根据《2016年公司法令》，“单位（Unit）”就股份、债券或其他权益而言，是指该等证券或权益中的任何权利或权益，无论其被赋予何种名称或称谓。此项广义定义确保有关权益的法律性质，是依据其实质内容而非名称来决定。单位（Unit）可以代表某项股份、债券、集体投资计划（Collective Investment Scheme）、信托（Trust）或其他金融工具中的按比例拥有权、权益、参与权或实益权益（Beneficial Interest）。它并不限于任何特定法律形式或称谓，在不同投资架构或合约安排下，可采用不同名称表示。法条中的**“不论以任何名称称述（By Whatever Term Called）”，强调有关权益的法律性质应以其实质内容为准，而非其标签或名称。无论某项权益被称为单位（Unit）**、参与权益（Participation）、应享权益（Entitlement）、实益权益（Beneficial Interest）、**投资权益（Investment Interest）**或任何其他名称，只要该权益代表股份、债券或其他获法律承认投资工具中的权利或权益，均可能构成《2016年公司法令》所定义的“单位”。此项定义使《2016年公司法令》能够适应不断发展的金融产品及投资架构，而无须因市场创新而频繁修订法例。同时，它亦促进《2016年公司法令》与马来西亚证券及资本市场法律之间的一致性，确保具有相同经济实质的投资权益获得相同的法律待遇。________________________________________定义的目的“单位（Unit）”的定义具有以下重要作用：• 广泛涵盖股份、债券或其他获法律承认投资中的任何权利或实益权益。• 确保有关权益的法律效力依据其实质内容，而非其名称或称谓决定。• 承认证券及投资产品中的法律权益（Legal Interest）及实益权益（Beneficial Interest）。• 涵盖各种投资架构，包括集体投资计划、信托及其他金融安排。• 促进《2016年公司法令》与马来西亚证券及资本市场法律之间的一致性。• 防止透过采用不同名称或投资架构规避法定责任或法律义务。• 赋予《2016年公司法令》足够的灵活性，使其能够持续适用于不断创新及发展的金融产品，而无须频繁修订主体法例。
Aug 04,2026