Author: Boss Boleh

Penjana B40 – FREE Business Registration Prihatin SPPP

Registration

The Skim Pendaftaran Perniagaan Prihatin (SPPP) under the Malaysia PENJANA Initiative, launched on 23 December 2020 was only limited to youth, students (from any recognized Colleges, Universities and Professional Schools) and single mothers. With effect from 15 February 2021, Suruhanjaya Syarikat Malaysia (SSM) widens the Skim Pendaftaran Perniagaan Prihatin (SPPP) to also benefit the entire… Continue reading Penjana B40 – FREE Business Registration Prihatin SPPP

Fixing Your Financial Year End

Financial Year End

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

Do I need a Company Secretary ?

Compliance and Corporate Governance

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 ?

Annual Return

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 ?

Prohibition as to the Use of Undesirable Names

In determining whether a name is an undesirable name, the Registrar of Companies has set a few criteria by virtue of some fixed general principles, including any other laws which also make provision on the control of usage of names that are associated with activities regulated by the said laws, names that are associated with… Continue reading Prohibition as to the Use of Undesirable Names