What is the Register of Members (ROM)?
- Shareholders can be natural persons or legal entities. For example: LLP, Sdn Bhd, and Berhad are all legal entities
- Sole proprietor / partnerships may also become shareholders. However, shares must be registered in the name of the individual or partners
- Reason: sole proprietor and partnerships are not legal entities
- Note: A subsidiary cannot be a shareholder of its parent company