6 days ago4 minMandatory Disclosure of Beneficial Ownership (Attention to all Company Directors)The Companies Commission of Malaysia (CCM) has issued the Guideline for the Reporting Framework for Beneficial Ownership of Legal Persons. This guideline cam...
Feb 12 minGuidelines for Issuing Cryptocurrencies or Digital Tokens (New SC Guidelines)The Securities Commission (SC) on 15 Jan 2020 published a set of guidelines for issuing digital assets (cryptocurrencies, digital currencies and digital toke...
Dec 16, 20191 minDiscount on CCM Penalties (Limited Time Offer)From 1 Jan 2020 to 30 April 2020, the Companies Commission of Malaysia (CCM) is offering discounts of up to 90% on penalties and compounds levied on companie...
Oct 9, 20191 minCCM introduces new registration number format for all business entities (Important)According to the Companies Commission of Malaysia (CCM), the current registration numbers of all business entities will be replaced by the new 12 digit regis...
Feb 25, 20192 minMalaysian Business Reporting System (MBRS) - Compulsory for all companies starting from March 2019What is MBRS? The Malaysian Business Reporting System (MBRS) is an online submission platform developed by the Companies Commission of Malaysia (CCM) based o...
Jul 30, 20181 minDirector convicted for making false declaration in a strike off applicationDirector of a local incorporated company has been convicted by the court and he was ordered to pay a fine of RM15,000 or face 5 months imprisonment for makin...
Aug 18, 20174 minAudit exemption for small and dormant companiesTo further reduce the cost of doing business, the Companies Commission of Malaysia has announced that dormant, zero-revenue and threshold-qualified private c...
Jul 10, 20171 minPower of Registrar to Strike Off a Business Entity for a Particular ReasonThis Circular serves to clarify the power of the Registrar of the Companies Commission of Malaysia (SSM) to strike off a business entity regulated by SSM whi...
Jul 10, 20171 minCCM empowered to strike off a business entity (foreign workers)CCM vide its circular dated 10 July 2017 : CCM is empowered to strike off a business entity that is found to be employing foreigners without permit or allowi...