Learn more about how to start a business / company in Malaysia and how to operate it properly under the laws of Malaysia. If you're starting up new, the articles are very useful for new business owners too.
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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 Malaysia.
The submission is done based on the Calendar Year, not the Financial Year End.
Here, we summarise it into an example to make it easy for you to understand.
|Company Name||STARTUP EXPERT SDN. BHD.|
|Incorporation Date||1 July 2020|
|Anniversary Date||1 July 2021|
|Submission Due Date||30 July 2021|
The Annual Return (AR) shall contain the company’s particulars, such as:
The Company Secretary will digitally sign and lodge Annual Return (AR) to the SSM via the Malaysian Business Reporting System (MBRS) portal.
A company and every officer who contravene this section commit an offence.
On conviction, they shall be liable to a fine not exceeding RM 50,000. In the case of a continuing offence, a further fine not exceeding RM 1,000.00 for each day during which the offence continues after conviction.
If a company fails to lodge an Annual Return (AR) for three or more consecutive years, the Registrar may strike a company off the register.
Boss Boleh automatically reminds you ahead on any upcoming dues so that you can prepare and submit ahead of time for your company’s Annual Return (AR).
For more information, get in touch with us.