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    Employers Must Inform IRBM When Hiring A New Staff and When A Staff Is Resigning From the Company
    • Mar 15
    • 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...
    Corporate Liability under Malaysian Anti-Corruption Commission Act
    • 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...
    Mandatory Disclosure of Beneficial Ownership (Attention to all Company Directors)
    • 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...
    Guidelines for Issuing Cryptocurrencies or Digital Tokens (New SC Guidelines)
    • 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...
    Discount on CCM Penalties (Limited Time Offer)
    • 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...
    CCM introduces new registration number format for all business entities (Important)
    • 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...
    Malaysian Business Reporting System (MBRS) - Compulsory for all companies starting from March 2019
    • 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...
    Director convicted for making false declaration in a strike off application
    • 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...
    Audit exemption for small and dormant companies
    • 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...
    Power of Registrar to Strike Off a Business Entity for a Particular Reason
    • 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...
    CCM empowered to strike off a business entity (foreign workers)
    • 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...
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