Company Secretary Response Time: How Fast Should Yours Reply When You Need Help

Confirm receipt of your query within one business day and complete routine requests, like drafting a resolution or issuing a Certified True Copy, within two to three business days. Urgent matters, like a bank asking for a board resolution before a loan disbursement, should get a same-day acknowledgement even if the full paperwork takes another… Continue reading Company Secretary Response Time: How Fast Should Yours Reply When You Need Help

How a Company Secretary Supports Your Sdn Bhd During Fundraising or a New Investor Coming In

When a new investor puts money into your Sdn Bhd, the company must update its statutory registers and lodge the matching forms with Companies Commission of Malaysia (SSM) within 14 days of the transaction, usually a Section 78 return for new shares, a Section 51 notice of the change in shareholders, and a Section 58… Continue reading How a Company Secretary Supports Your Sdn Bhd During Fundraising or a New Investor Coming In

Company Secretary for a Branch Office vs a New Sdn Bhd: What Changes in Who You Appoint

If you are setting up a Sdn Bhd (private limited company), you must formally appoint a qualified company secretary within 30 days of incorporation, under Sections 235 and 236(2) of the Companies Act 2016. If you are instead registering a branch office of a foreign company in Malaysia, the law asks for something different: a… Continue reading Company Secretary for a Branch Office vs a New Sdn Bhd: What Changes in Who You Appoint

Company Secretary for a Multi-Director Sdn Bhd: Who Signs What When Directors Disagree

When directors of a Sdn Bhd disagree, the company secretary does not get a tie-breaking vote and cannot sign a document to force a decision through. Signing authority comes from the board: under Section 66 of the Companies Act 2016, documents are generally executed by at least two authorised officers approved by the board, one… Continue reading Company Secretary for a Multi-Director Sdn Bhd: Who Signs What When Directors Disagree

What Happens If You Don’t Have a Company Secretary in Malaysia? SSM Penalties Explained

Under Section 235 of the Companies Act 2016, every Sdn Bhd (private limited company) in Malaysia must have at least one qualified company secretary, and the board must appoint the first one within 30 days of incorporation (Section 236(2)). If your secretary later resigns or is removed, you have 30 days to fill the gap… Continue reading What Happens If You Don’t Have a Company Secretary in Malaysia? SSM Penalties Explained

How to Switch Company Secretary in Malaysia: A 7-Step Handover Checklist

Switching your company secretary in Malaysia involves seven things: a board resolution, a resignation letter from the outgoing secretary, a formal appointment of the replacement, a document handover, fee confirmation, a Section 58 notification lodged with the Companies Commission of Malaysia (SSM) within 14 days, and a final records check. The whole thing sounds bureaucratic,… Continue reading How to Switch Company Secretary in Malaysia: A 7-Step Handover Checklist

What Does a Company Secretary Actually Do? 8 Duties Every Sdn Bhd Owner Should Know

Every Sdn Bhd in Malaysia must appoint a licensed company secretary within 30 days of incorporation. Their job covers eight core duties: maintaining statutory registers, lodging Annual Returns, filing financial statements, updating Beneficial Owner records, preparing board resolutions, advising directors on governance, managing statutory filings for company changes, and handling company closure if the business… Continue reading What Does a Company Secretary Actually Do? 8 Duties Every Sdn Bhd Owner Should Know

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)