Your Sdn Bhd’s financial statements are four main documents: the income statement (shows if you made money), the balance sheet (shows what you own and owe), the cash flow statement (shows where cash actually went), and the Directors’ Report (shows what the directors confirm about the year). If you can read these four, you can… Continue reading How to Read Your Sdn Bhd’s Financial Statements as a First-Time Founder: A Beginner’s Walkthrough
Category: Company Secretary
Can Your Company Secretary Also Be Your Nominee Director? What the Companies Act Actually Allows
Yes, one person can legally hold both roles in a Malaysian Sdn Bhd, as long as they meet the qualification rules for a company secretary under Section 235. But Section 242 of the Companies Act 2016 draws one clear line: that same person cannot sign off on any document that legally needs both a director’s… Continue reading Can Your Company Secretary Also Be Your Nominee Director? What the Companies Act Actually Allows
What Your Company Secretary Can and Can’t Decide For You: Drawing the Line Between Advisory and Statutory Duties
A company secretary in Malaysia has two very different jobs wrapped into one title. One job is statutory: things the Companies Act 2016 requires, with deadlines and fines attached. The other job is advisory: guidance and suggestions the secretary offers, which the board is free to accept or ignore. The statutory job is non-negotiable; the… Continue reading What Your Company Secretary Can and Can’t Decide For You: Drawing the Line Between Advisory and Statutory Duties
What Happens to Your Company Secretary When You Change Your Registered Address Across States
Moving your Sdn Bhd’s registered office from, say, Penang to Kuala Lumpur does not change your company secretary’s appointment, duties or qualification status. What it does change is the paperwork: your board must pass a resolution approving the new address, your company secretary lodges a Notice of Change of Registered Office with the Companies Commission… Continue reading What Happens to Your Company Secretary When You Change Your Registered Address Across States
Your First 2 Days as a Registered Sdn Bhd: What Happens Right After SSM Approves Your Company
Once the Companies Commission of Malaysia (SSM) approves your Sdn Bhd and issues the Notice of Registration, you are legally a company, not just an applicant. In the next 2 days, three things need your attention: appointing a qualified company secretary and notifying SSM of that appointment, starting the paperwork for a corporate bank account,… Continue reading Your First 2 Days as a Registered Sdn Bhd: What Happens Right After SSM Approves Your Company
How Much Does It Really Cost to Register a Sdn Bhd in Malaysia: A Full Breakdown Beyond the Registration Fee
What costs more than the RM1,000 incorporation fee you pay to SSM (Suruhanjaya Syarikat Malaysia, the Companies Commission of Malaysia)? Running a Sdn Bhd. That fee covers only the incorporation filing, with a separate RM50 per 30 days name reservation fee if you choose that route. Your first year also includes a company secretary, annual… Continue reading How Much Does It Really Cost to Register a Sdn Bhd in Malaysia: A Full Breakdown Beyond the Registration Fee
Annual Return, Beneficial Owner, Financial Statements: What Your Company Secretary Files vs What You Still Owe LHDN
Your company secretary files your Annual Return, your Beneficial Owner declaration, and your Financial Statements with SSM (Suruhanjaya Syarikat Malaysia, the Companies Commission of Malaysia). Your company secretary does NOT file your taxes. Estimated tax (CP204), Form C (yearly corporate tax return), and Form E/EA for your staff all go to LHDN (Lembaga Hasil Dalam… Continue reading Annual Return, Beneficial Owner, Financial Statements: What Your Company Secretary Files vs What You Still Owe LHDN
What Should Be in Your Company Secretary Service Agreement Before You Sign
A company secretary service agreement should clearly state five things before you sign: who is the named individual being appointed (not just the firm), their qualification route and practising certificate details, exactly what is included in the scope of work, how fees and termination work, and who is liable if something goes wrong. If any… Continue reading What Should Be in Your Company Secretary Service Agreement Before You Sign
Why Does Your Company Secretary Need Your IC and Personal Details? A Plain-English Explainer on What’s Normal
Your company secretary asks for your IC (Identity Card) or passport, your home address, and your phone number because the law requires your company to keep this information on record, and because your secretary cannot submit anything to SSM (Suruhanjaya Syarikat Malaysia, the Companies Commission of Malaysia) without it. This is not a sales tactic… Continue reading Why Does Your Company Secretary Need Your IC and Personal Details? A Plain-English Explainer on What’s Normal
Can You Be Your Own Company Secretary in Malaysia? What the Companies Act Actually Requires
No. If you own a Sdn Bhd (private limited company) in Malaysia, you cannot act as your own company secretary unless you are separately licensed by the Companies Commission of Malaysia (SSM) or a member of a prescribed professional body. Under Section 235 of the Companies Act 2016, a company secretary must be a natural… Continue reading Can You Be Your Own Company Secretary in Malaysia? What the Companies Act Actually Requires