Are you a shareholder of a Malaysian Sdn Bhd and wondering if you can legally remove a director? Maybe you’re facing internal disputes, inactive directors, or want to restructure the company board. This guide from Boss Boleh explains when and how a director can be removed——including what happens if you own 51% of the shares,… Continue reading 📃Can I Remove a Director from My Sdn Bhd? A Shareholder’s Guide (Malaysia 2025)
Author: Boss Boleh
MSME Digital Matching Grant MADANI – Claim Up to RM5,000!
Evolve your business to the digital forefront with the MSME Digital Matching Grant MADANI. Eligible businesses can claim up to 50% or a maximum of RM5,000 in grant value from their total invoice when subscribing to digital services. ✅ Designed to support Micro, Small and Medium Enterprises (MSMEs) and Cooperatives✅ Government-backed initiative under the Madani… Continue reading MSME Digital Matching Grant MADANI – Claim Up to RM5,000!
📃 Should I Hold 51% or 75% Shares in My Company?
(Malaysia Sdn Bhd Guide for New Business Owners) Starting or restructuring your Sdn Bhd in Malaysia? You’ve probably asked: Is 51% shareholding enough to control the company —— or do I need 75%? The answer depends on what kind of decisions you want to make in the company. Here’s a simple breakdown to help you… Continue reading 📃 Should I Hold 51% or 75% Shares in My Company?
🧾Company Closure in Malaysia: Strike-Off vs Voluntary Winding-Up — What’s the Difference?
If you’re considering closing your Sdn. Bhd., it’s important to understand the two legal exit options under the Companies Act 2016 — Strike-Off and Voluntary Winding-Up. Here’s a quick comparison table to help you decide: ✅ Quick Comparison Table Item STRIKE-OFF VOLUNTARY WINDING UP Legal Provision s.550 CA 2016 s.439(1)(b) CA 2016 Resolution Needed ✅… Continue reading 🧾Company Closure in Malaysia: Strike-Off vs Voluntary Winding-Up — What’s the Difference?
When to Claim Tax Agent & Statutory Filing Fees: Avoid Common Mistakes in YA 2024
As we approach tax season, many business owners and finance teams ask: “Can we deduct tax agent and statutory filing fees in the current year of assessment?” Let’s clear up the confusion. Tax Deduction Rule: “Incurred Basis” Applies Under Malaysian tax law, expenses are only deductible when they are incurred — not when they relate… Continue reading When to Claim Tax Agent & Statutory Filing Fees: Avoid Common Mistakes in YA 2024
Understanding Tax Treatment for Specialist Doctors in Private Hospitals-IRBM Guidelines
The Inland Revenue Board of Malaysia (IRBM) has issued specific guidance on how income earned by Specialist Doctors in private hospitals should be taxed. According to the IRBM Guidelines dated 16 March 2022, titled “Garis Panduan Layanan Cukai Ke Atas Pendapatan Pengamal Perubatan (Doktor Pakar) Di Hospital Swasta Sama Ada Ditaksir Di Bawah Individu Atau… Continue reading Understanding Tax Treatment for Specialist Doctors in Private Hospitals-IRBM Guidelines
Understanding Tax Penalties in Malaysia: A Comprehensive Guide
In Malaysia, the Inland Revenue Board (LHDN) enforces strict tax compliance to ensure the integrity of the national tax system. Non-compliance with tax obligations can lead to significant penalties, including fines, imprisonment, or both. This guide outlines the various tax offences and corresponding penalties to help taxpayers stay informed and compliant. 1. Failure to Furnish… Continue reading Understanding Tax Penalties in Malaysia: A Comprehensive Guide
SSM’s Extension of Time (EOT)
As a business owner in Malaysia, it’s crucial to be aware of the compliance requirements set by the Companies Commission of Malaysia (SSM). One such requirement involves the timely circulation and lodgement of your company’s financial statements. However, unforeseen circumstances might necessitate additional time. In such cases, SSM provides an avenue known as the Extension… Continue reading SSM’s Extension of Time (EOT)
🛡️New Policy on Releasing Statutory Documents to Auditors
Protecting Your Company’s Confidential Data At Boss Boleh, we are committed to protecting our clients’ information while supporting their compliance needs. In light of recent fraud attempts involving individuals impersonating auditors to obtain sensitive documents, we have introduced a new policy to strengthen the way we release statutory documents to auditors. 🔐 What’s New? Effective… Continue reading 🛡️New Policy on Releasing Statutory Documents to Auditors
Do you still need a Constitution if you have a Shareholders ‘Agreement?
Key Differences & Why You Might Still Need a Constitution Aspect Shareholders’ Agreement Constitution Legal Binding Only between shareholders who signed Legally binds company, directors, and all shareholders Public vs. Private Private, not required to be lodged with SSM Public, accessible under SSM Flexibility Can be changed by agreement of signing parties Requires special resolution… Continue reading Do you still need a Constitution if you have a Shareholders ‘Agreement?