Are you considering the process to set up an Sdn. Bhd. company in Malaysia and weighing the options of handling it yourself or engaging a company secretary? While navigating the entire incorporation process independently is feasible, it’s important to consider several key factors. Time and Energy Investment: Setting up a MyCoID account and completing identity […]
Are you looking to establish an Sdn Bhd corporation in Malaysia? Our detailed guide simplifies the registration process,ensuring a seamless experience from start to finish. Step 1: Register for an Account on the MyCoID Portal Begin your journey by creating an account on the MyCoID portal. Await a confirmation email with instructions for account authentication […]
Navigating Company Name Approval with SSM 1. Restricted or Prohibited Words: The Companies Act 2016 gives SSM the authority to prohibit or restrict certain names deemed undesirable by the Registrar. For example, name which in connection with Royal family, state or federal government, political parties and so on. Specific prohibitions can be found in the […]
Resigning as a Company Director Can’t Just Walk Away: Resigning as a company director isn’t as simple as quitting a regular job. There are rules, especially under the Companies Act 2016, that make it a bit tricky. Â Statutory Restrictions: You can’t just up and leave if it means the company will be left high […]
The Companies Act 2016 has recently undergone substantial changes through the implementation of the Companies (Amendment) Act 2024, which became effective on April 1st, 2024. One notable aspect of these updates is the strengthening of the Beneficial Ownership (BO) Reporting Framework, which applies to both domestic and foreign companies operating in Malaysia. 1. Expanded Definition […]
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. […]
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 […]
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 […]
What is A Company Registration Number? Company registration numbers, known as firm registration numbers are numbers that identify a company and are displayed on their certificate of establishment in Malaysia. A company registration number is unique to the firm to which it is assigned, and no two companies will have the same number. The Companies […]
Changing a business name is a very common issue in Malaysia and it has procedures to fulfil and follow to change your company’s name successfully. There are several reasons that a firm needs to change its name such as changes of management, management, goals, etc. The appointed company secretary is in charge of filing changes […]
Why Company Name is So Important? A business company name is considered the soul of the business. People will have a first impression of your company by looking at your company’s name. So, choosing the right company name which most suits you are very important to get success. Furthermore, choosing a company name is also […]