What is a Financial Year End? The financial year is a period in which the financial statements of the company are made up. Your company’s financial year end will be the basis of which your corporate income tax, Annual General Meeting (AGM) if any, and lodgement date of financial statements with the Registrar are determined.… Continue reading Fixing Your Financial Year End
Author: Company Secretary
Do I need a Company Secretary ?
What is a Company Secretary? A company secretary is an officer of the Company who is appointed by the board of directors. For newly incorporated companies, the appointment of first secretary shall be made within 30 days from the company’s date of incorporation. For existing companies, the board of directors have the power to remove… Continue reading Do I need a Company Secretary ?
What is Annual Return (AR) for Companies in Malaysia ?
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… Continue reading What is Annual Return (AR) for Companies in Malaysia ?
Section 17A of the MACC Act 2009 (Amendment 2018)
On 1st June 2020, Section 17A of the MACC Act 2009 was enforced should any person associated with a commercial organization commits any corruption offences, that person will be subjected to legal proceeding under the Section 17A of the said Act. Person Associated with the Commercial Organization A person deemed to be associated with the… Continue reading Section 17A of the MACC Act 2009 (Amendment 2018)
Sole Proprietorships VS Private Limited Company (SDN BHD)
In Malaysia, there are several types of business entity and each of them has their own attributes that serve different business needs and offer different benefits. Therefore, it is important to understand the differences in order to choose the best-fitted business entity to start a business. The following is the difference between a sole proprietorship… Continue reading Sole Proprietorships VS Private Limited Company (SDN BHD)