Are you looking to appoint or change directors within your Malaysian company? Understanding the process is crucial for smooth transitions and legal compliance. Here’s a simplified guide: Appointment of a Director To appoint a new director, follow these steps: Notify the company secretary. The board of directors approves the appointment by signing a board resolution. […]
Are you considering becoming a director or shareholder of a Malaysian Sdn. Bhd. company? It’s crucial to understand your duties and responsibilities to ensure smooth operations and legal compliance. Here’s a simplified guide: Who Can Be a Director in Malaysia? Directors must: Be 18 years or older Be a natural person Reside in Malaysia Not […]
Are you considering establishing a Private Limited Company (Sdn. Bhd.) in Malaysia? Understanding the requirements is crucial for a smooth and successful setup. Here’s everything you need to know: 1. Paid-up Capital: You only need a minimum paid-up capital of RM1 to start your company. 2. Shareholders: You must have at least one shareholder, and […]
Name Search and Reservation: Use the SSM e-Service to conduct a name search. Ensure the name does not include prohibited words such as “Royal” or any confusing abbreviations like “ABC” if it has a specific meaning. It should not infringe on trademarks or be identical to existing companies. Prepare Required Documents: Directors and shareholders […]
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 […]
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 […]
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. […]
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 […]
Before our clients or prospects engage Consistant Info to register Sdn. Bhd. Company, they usually asked a lot of questions. One of the most popular inquiries is what are the 3 annual fees to maintain the Sdn. Bhd. Company in Malaysia. For entrepreneurs looking for transparent pricing, Consistant Info is the best option to embark […]
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 […]
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 […]
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 […]