With the recent trend in rising property prices, many people have started investing in properties, mainly residential, for rental and/or capital appreciation. Property investments were previously accessible to the richer and older individuals who have substantial savings, but now, with innovative financing packages offered by banks and developers, buying properties by young adults are made…
Category Archives: Company Secretary
Few days ago, I received an inquiry from a few working girls who wanted to venture into some business. They wanted to find out about information about setting up a private limited company or Sdn Bhd. One very interesting question from them was “Why do we need a Company Secretary?” From that moment on, I…
Since a company is a legal entity by itself, its shareholders are required to appoint directors, officers who are entrusted with the power and authority to make decisions for the running of the company and manage the company’s affairs. For many private limited companies, the shareholders of the company are often involved in the daily…
I have quite a number of clients asking me about LLP, following a recent discussion draft issued by the SSM (Suruhanjaya Syarikat Malaysia). This article is the first of two parts, where I will highlight main characteristics of an LLP. LLP is an alternative form of business entity that combines protection of limited liabilities to…
I have seen many cases whereby a business could not continue their core business or in some cases the business is forced to close down after extensive fire damage to their business premises/factory. Is it the fire that causes an established business to shut down their operation permanently? In most cases, the answer is NO….
In Malaysia, the Companies Commission of Malaysia (CCM) requires that every limited company must at least have a company secretary. A company secretary is a person who maintains the records, books, filings, documents, meetings, company seal and so forth. Hiring a good company secretary It’s often good to hire a licensed & experienced company secretary…
You may contact us now to receive a free consultation to receive a free consultation on business entities in Malaysia. The basics of setting up a business entity in Malaysia isn’t so difficult to understand: First off, let’s start with Types of Business Entities. There are three (3) different types of business entities to choose from: Sole…
Business Entity (Part 2): Company Limited by Shares View other business entities » In Malaysia, the most common type of limited companies is those limited by shares. These companies are incorporated and governed by the Companies Act, 1965. Companies limited by shares will carry “Sdn Bhd”, “Sendirian Berhad” behind their names according to Section 22(4)…
Memorandum and Articles of Association Whenever a limited company applies for loans from banks, credit terms from suppliers or even as simple as opening a bank account, Memorandum and Articles of Association is one of the pre-requisite documents. Most business people know about this requirement but do know what are they for. Why is this…
Companies Commission of Malaysia (alternatively called Suruhanjaya Syarikat Malaysia or “SSM” in brief). This is the government body that manage and govern all companies and businesses in Malaysia. Stage 1: Document Submission Process to SSM For all company incorporation in Malaysia, the first process is to conduct a name search. This is to ensure the…
- 1
- 2
