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Differences Between Franchising And Licensing In Malaysia

Differences between Franchising and Licensing in Malaysia Franchising in Malaysia is governed by the Franchise Act 1998, which aims to regulate the franchise industry and protect the interests of franchisees and franchisors. Some key points regarding franchising in Malaysia under the Franchise Act 1998 include:   1. Registration: Franchisors are required to register their franchise […]

Gift Policy Of A Company

As of my knowledge, the Companies Act 2016 in Malaysia does not specifically mention a gift policy for companies. However, companies may choose to establish their own gift policy to ensure fairness and transparency in dealing with gifts received or given by employees, directors, or other related parties. A gift policy typically outlines guidelines on […]

Suruhanjaya Syarikat Malaysia (SSM) Supports And Promotes The Development Of Small And Medium Enterprises (SMEs)

Small and medium-sized enterprises (SMEs) play a vital role in any country’s economy and are engines of innovation, employment and economic growth. In Malaysia, Suruhanjaya Syarikat Malaysia (SSM) actively supports and promotes the development of small and medium-sized enterprises by providing a range of resources and services to enable them to succeed in the market. […]

Transmissions of Shares

Share transmission is a critical process in any business operations, demanding a strategic approach from companies. Triggered by events like a shareholder’s demise or insolvency, it requires seamless coordination among various professional services.   The process typically commences with the submission of the deceased shareholder’s death certificate or proof of insolvency. The company’s board of […]

What is the Monthly Company Secretary Retainer Fee For?

There are 3 major reasons why Malaysia business owners have to pay monthly company secretary retainer fees. The monthly retainer fee for company secretarial services may vary according to different secretarial firms. It ranges from RM35 to RM200 per month. The monthly secretary fee excludes any other services provided by the company secretary of your […]

Roles and Duties of Director in Sdn. Bhd. Company

In a private limited company (Sdn. Bhd.), usually, we can hear the phrase ‘director.’ So, what are the roles and duties of a director in Sdn. Bhd. Company? Any individual who occupies the role of director in a corporation, regardless of the designation used, is referred to as a company director. This includes anyone who […]

The Roles of Shareholders in Sdn. Bhd. Company Top Trending Industry Terms and policy The Roles of Shareholders in Sdn. Bhd. Company Top Trending Industry Terms and policy

When you’re new to entrepreneurship, there is a lot of business jargon to learn, especially if you’re forming a firm for the first time. You must designate shareholders in addition to deciding on the amount of paid-up capital and the number of shares for your firm. So, who are the company’s shareholders, and what are […]

Cost of Running Sdn. Bhd. Company in Malaysia

We come across many sole proprietorship and partnership owners who would like to ask about the cost of running Sdn. Bhd. Company in Malaysia. Today, this article will talk about the cost of running Sdn. Bhd. Company or private limited company in Malaysia. Planning a clear budget for yearly maintenance is a key first step […]

Why Set Up a Company in Malaysia?

Have you ever thought about setting up a company in Malaysia? Malaysia is centrally placed in Asia Pacific and the Asian region! Malaysia was recently ranked as the world’s sixth easiest and friendliest country to do business in by the world bank! In the latest World Bank Doing Business 2020 report, Malaysia ranked 12th among […]