MALAYSIAN INSTITUTE OF TAXATION
Minutes of the Extraordinary General Meeting (EGM) held on Saturday,
7 March 2009 at 9.30 a.m. at the Malaysian Institute of Taxation (MIT) Training Room, Unit B-13-2, Block B Level 13, Megan Avenue II, 12 Jalan Yap Kwan Seng, 50450 Kuala Lumpur.
Present : Dr. Veerinderjeet Singh
Mr. Lim Heng How
Mr. Khoo Chin Guan
Dr. Ahmad Faisal Bin Zakaria
Mr. Aruljothi Kanagaretnam
Mr. Chow Kee Kan
Dr. Jeyapalan Kasipillai
Mr. Lew Nee Fook
Dato’ Raymond Liew Lee Leong
Mr. Adrian Yeo Eng Hui
Mr. Francis Tan Leh Kiah
Absent with apologies: Mr. Lim Kah Fan
Asso. Prof. Faridah bt Ahmad
Mr. Harpal Singh Dhillon
Mr. Peter Lim Thiam Kee
Mr. Neoh Chin Wah
Mr. SM Thanneermalai
Tn Haji Abdul Rahim bin Abdullah
En. Mokhtar bin Mahmud
En. Safrizal bin Mohd Said
A total of 39 members attended as recorded in the attendance register.
In Attendance : Ms. Ann Vong
Ms. Tey Tai Sin
Ms Wong Wei Fong, Ms Josephine Goee and
Ms Chen Yee Lee (by invitation) representing the Company Secretary
1. CALL TO ORDER
The Chairman called the meeting to order at 9.30a.m. and welcomed all the attendees to the EGM.
2. DETERMINATION OF QUORUM
The Executive Director confirmed that there was a quorum for the meeting.
3. CHAIRMAN’S ADDRESS
3.1 The Chairman explained that the objective of the EGM was to seek members’ support for the proposed change of the Institute’s name to the “Chartered Tax Institute of Malaysia”
3.2 The Chairman also explained the history and the rationale for the change of the Institute’s name.
He explained that the Institute was originally set up by the Malaysian Institute of Accountants (MIA) and has been independent of MIA for many years. After 17 years of existence there is now a need for the Institute to rebrand and re-energise itself to project itself as a premier body in the field of taxation.
The Council had deliberated on this matter for some time and a few names had been put forward but the Council finally decided that “Chartered Tax Institute of Malaysia” is the most appropriate.
3.3 The Chairman also explained that the Council was also mindful that the Institute should not have a name similar to that of other professional institutes. In addition, the Institute also needs to distinguish itself from the accounting bodies in Malaysia as it is a specialist body focused on taxation.
3.4 The suggested name had been submitted to the Companies Commission of Malaysia (CCM) to establish if there were any legal impediments or issues if the Institute were to adopt the proposed name. CCM has granted approval for the proposed name change and the Institute has been given a period of 3 months (up to the end of March 2009) to effect the change of name.
3.5 If members approve the name change, then the Membership Services Committee will work on the various issues related to practicing certificates and membership designations.
3.6 The competition for a new logo has been completed and if the name change is approved, then before the Annual General Meeting in June 2009 the Institute’s new logo would be in place.
4. SPECIAL RESOLUTION
4.1 The Chairman read out the Special Resolution on the proposed change of the Institute’s name i.e. “THAT the name of the Institute be changed to Chartered Tax Institute of Malaysia with effect from the date of the issuance of the Certificate of Incorporation on Change of Name of the Company by the Registrar of Companies.
THAT all references in the Company’s Memorandum and Articles of Association to the name of “Malaysian Institute of Taxation” shall be substituted with the name “Chartered Tax Institute of Malaysia”.
AND THAT the Council be and are hereby authorised to carry out all the necessary formalities in effecting the Proposed Change of Name.”
4.2 The Chairman then requested for a show of hands by those who supported the Resolution. All members present and eligible to vote unanimously supported the Special Resolution.
The Chairman then declared the Special Resolution passed.
5. CLOSE OF MEETING
5.1 The Chairman thanked all members for attending the meeting.
5.2 The meeting adjourned at 9.55 a.m. with a vote of thanks to the Chair.
Signed as a correct record.
Chairman