Employees Share Schemes for Private Companies
Employees Share Scheme (ESS) or Employee Share Option Plan (ESOP) provides employees with an ownership interest in the company. Benefits...
- Mar 15, 2021
- 2 min
Employers Must Inform IRBM When Hiring A New Staff and When A Staff Is Resigning From the Company
We have received a few enquiries on this question recently – Does an employer need to notify the tax department when employing a new...
- Oct 29, 2020
- 1 min
Corporate Liability under Malaysian Anti-Corruption Commission Act
The provision under Section 17A Malaysian Anti-Corruption Commission Act 2009 ("MACC Act") has established a new corporate liability...
- May 26, 2020
- 4 min
Mandatory 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...
- Feb 1, 2020
- 2 min
Guidelines 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...
- Dec 16, 2019
- 1 min
Discount 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...
- Oct 9, 2019
- 1 min
CCM 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...
- Feb 25, 2019
- 2 min
Malaysian Business Reporting System (MBRS) - Compulsory for all companies starting from March 2019
What is MBRS? The Malaysian Business Reporting System (MBRS) is an online submission platform developed by the Companies Commission of...
- Jul 30, 2018
- 1 min
Director convicted for making false declaration in a strike off application
Director 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...
- Aug 18, 2017
- 4 min
Audit exemption for small and dormant companies
To further reduce the cost of doing business, the Companies Commission of Malaysia has announced that dormant, zero-revenue and...
- Jul 10, 2017
- 1 min
Power of Registrar to Strike Off a Business Entity for a Particular Reason
This Circular serves to clarify the power of the Registrar of the Companies Commission of Malaysia (SSM) to strike off a business entity...
- Jul 10, 2017
- 1 min
CCM 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...