All local companies (Section 68) and foreign companies (Section 576) registered within SSM must lodge Annual Return (AR). This includes Exempt Private Companies.
Companies Act 2016
Companies must submit to the SSM an Annual Return (AR) for each calendar year. It is due within 30 days from the anniversary of its registration/ incorporation date in Malaysia.
The submission is done based on the Calendar Year, not the Financial Year End.
When is the Annual Return (AR) Due ?
Here, we summarise it into an example to make it easy for you to understand.
| Company Name | STARTUP EXPERT SDN. BHD. |
| Incorporation Date | 1 July 2020 |
| Anniversary Date | 1 July 2021 |
| Submission Due Date | 30 July 2021 |
Contents of Annual Return (AR)
The Annual Return (AR) shall contain the company’s particulars, such as:
- Address of Registered Office
- Nature of Business
- Business Address
- Address where the Register of Shareholders is kept
- Address where the Financial Records are kept
- Share Capital Summary
- Total Liabilities
- Particulars of the Directors
- Company Secretary
- Manager
- Auditor
- List of Shareholders
The Company Secretary will digitally sign and lodge Annual Return (AR) to the SSM via the Malaysian Business Reporting System (MBRS) portal.
Penalty for non-compliance.
A company and every officer who contravene this section commit an offence.
On conviction, they shall be liable to a fine not exceeding RM 50,000. In the case of a continuing offence, a further fine not exceeding RM 1,000.00 for each day during which the offence continues after conviction.
If a company fails to lodge an Annual Return (AR) for three or more consecutive years, the Registrar may strike a company off the register.
Is there an auto-reminder for such important date ?
Boss Boleh automatically reminds you ahead on any upcoming dues so that you can prepare and submit ahead of time for your company’s Annual Return (AR).
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