BossBoleh

Articles

Learn how to start and properly operate a business in Malaysia. These articles are also useful for new business owners.

Financial Year
Fixing Your Financial Year End
Posted at: 22-12-2020
What is a Financial Year End? The financial year is a period in which the financial statements of the company are made up. Your company’s financial year end will be the basis of which your corporate income tax, Annual General Meeting (AGM) if any, and lodgement date of financial statements with the Registrar are determined.… Continue reading Fixing Your Financial Year End
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Incorporation
Do I need a Company Secretary ?
Posted at: 16-12-2020
What is a Company Secretary? A company secretary is an officer of the Company who is appointed by the board of directors. For newly incorporated companies, the appointment of first secretary shall be made within 30 days from the company’s date of incorporation. For existing companies, the board of directors have the power to remove… Continue reading Do I need a Company Secretary ?
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Annual Key Dates
What is Annual Return (AR) for Companies in Malaysia ?
Posted at: 16-12-2020
All local companies (Section 68) and foreign companies (Section 576) registered within SSM must lodge Annual Return (AR). This includes Exempt Private Companies. Companies Act 2016 Companies must submit to the SSM an Annual Return (AR) for each calendar year. It is due within 30 days from the anniversary of its registration/ incorporation date in… Continue reading What is Annual Return (AR) for Companies in Malaysia ?
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Incorporation
Prohibition as to the Use of Undesirable Names
Posted at: 12-12-2020
In determining whether a name is an undesirable name, the Registrar of Companies has set a few criteria by virtue of some fixed general principles, including any other laws which also make provision on the control of usage of names that are associated with activities regulated by the said laws, names that are associated with… Continue reading Prohibition as to the Use of Undesirable Names
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Incorporation
Prohibitions by Virtue of the Direction of the Minister
Posted at: 12-12-2020
Avoid these words when forming a company name.
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Incorporation
Guidelines for Naming a Company
Posted at: 12-12-2020
The General Principles And Characteristics Of Names Which Can Be Considered As Company’s Name
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Legal
Section 17A of the MACC Act 2009 (Amendment 2018)
Posted at: 25-08-2020
On 1st June 2020, Section 17A of the MACC Act 2009 was enforced should any person associated with a commercial organization commits any corruption offences, that person will be subjected to legal proceeding under the Section 17A of the said Act. Person Associated with the Commercial Organization A person deemed to be associated with the… Continue reading Section 17A of the MACC Act 2009 (Amendment 2018)
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Planning
Sole Proprietorships VS Private Limited Company (SDN BHD)
Posted at: 29-07-2020
In Malaysia, there are several types of business entity and each of them has their own attributes that serve different business needs and offer different benefits. Therefore, it is important to understand the differences in order to choose the best-fitted business entity to start a business. The following is the difference between a sole proprietorship… Continue reading Sole Proprietorships VS Private Limited Company (SDN BHD)
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