Section 344. Details of decisions provided by a sole member

(1) If a sole member of a company takes any decision that—

(a) may be taken by the company in meeting of members; and

(b) has effect as if agreed by the company in meeting of members,

he shall provide the company with details of that decision, unless that decision is taken by way of a written resolution.

(2) A person who contravenes this section commits an offence and shall, on conviction, be liable to a fine not exceeding ten thousand ringgit.

(3) Failure to comply with this section does not affect the validity of any decision referred to in subsection (1).