Corporate
How To Register Your Company
over 8 years ago tevan
Must you register your company?
The Companies Commission of Malaysia (SSM) requires you to register your business whether it is a sole proprietorship, partnership or company. However, a company would have to be incorporated under Companies Act 1965.
Before SSM Registration
To incorporate a company, it would need to be registered with SSM. A company incorporated as private company will have “SDN BHD’ appearing together with the name, while a public listed company carries “BHD” in its name.
Section 14 of the Companies Act 1965 requires you to have a minimum of 2 subscribers to your company’s share and also 2 directors according to Section 122.
You would also need to have a company secretary.
SSM Registration
Before your company can be incorporated, a name search would have to be done with SSM to make sure your proposed company name is available for registration.
A payment of RM30 is also required for each name you are applying for.
However, your proposed company name will be subject to SSM approval following their guidelines.
Lodgement of Documents
Once your proposed company is approved, you are required to submit following incorporation documents within 3 months from date of approval of the company name.
Registration Fees Schedule
A fee is payable according to the proposed company’s authorised share capital.You can refer to the table here.
Certificate of Incorporation
A Certificate of Incorporation will be issued by SSM you have complied with the incorporation procedures and submitted the duly completed Incorporation Documents.
This article is for informational purposes only and should not be taken as legal advice. Every situation is unique and dependent on the facts (ie, the circumstances surrounding your individual case) so we recommend that you consult a lawyer before considering any further action. All articles have been scrutinized by a practicing lawyer to ensure accuracy.
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