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Bch.my - Procedures Company Formation Malaysia

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We also provide other services such as Immigration Services, Work Permit Malaysia, MM2H Services, Company Formation, Regional Office Services, Malaysia Payroll, Accounting Services. Call us now +603-20789990 or visit our website http://www.bch.my/ for more information!

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Bch.my - Procedures Company Formation Malaysia

  1. 1. www.BCH.my Procedures Company Formation MalaysiaImmigration Services | Work Permit Malaysia | MM2H Services | Company Formation |Regional Office Malaysia | Malaysia Payroll | Accounting Services MalaysiaCompanies incorporated in Malaysia are regulated by the Malaysian Companies Act, 1965. Asstated in the act any company doing business or wishing to do business in Malaysia mustregister with the Companies Commission of Malaysia (CCM) under the Companies Act 1965.A company is a corporate body and has its own legal personality which is distinct from itsmembers. It can sue and be sued, own property, enter into contracts and be a shareholder ofanother company or partner in a partnership. It cannot, however, act as auditor, liquidator,secretary or director.Incorporating your business is a method for creating a legal wall between your personal assetsand business. Any judgment against your business will not impact your personal assets.PROCEDURE FOR INCORPORATIONTo incorporate a company, a person must apply to the Company Commission of Malaysia (CCM)to determine if the proposed name of the intended company is available. Normally, a namesearch result is made known within one week after submission to the CCM. A reservationperiod of three months will be granted if the name is available, during which time the companymust submit the relevant documents together with relevant registration fees with CCM.Upon payment of the registration fee, which depends on the amount of the company’sauthorized share capital; a Certificate of Incorporation will be issued by CCM. This Certificate isconclusive evidence of the existence of the company. The whole incorporation procedure of acompany generally takes three to six weeks. Suite. 21.02 & 03, 21st Floor Menara Haw Par Jalan Sultan Ismail 50250 Kuala Lumpur Tel : +603-20789990 Fax : +603-20780991 W : www.BCH.my F: www.Facebook.com/beyondcorporate T : www.Twitter.com/beyondcorporate Email Us at info@bch.my
  2. 2. www.BCH.myScale of Registration Fees:Authorized capital (RM) Registration fee (RM)0 – 100,000 1,000100,001 – 500,000 3,000500,001 – 1,000,000 5,0001,000,001 – 5,000,000 8,0005,000,001 – 10,000,000 10,00010,000,001 – 25,000,000 20,00025,000,001 – 50,000,000 40,00050,000,001 – 100,000,000 50,000Above 100,000,000 70,000Company DirectorsA company must have a minimum of two directors, being natural persons of full age and havingtheir principal or only place of residence in Malaysia. Directors need not be shareholders of thecompany. A director has onerous duties under the Companies Act as in common law. The dutiesof directors stipulated in the Companies Act are not exhaustive and generally directors areimposed with statutory duties, duty of care and fiduciary duties. In addition, directors are alsogoverned by a Code of Ethics.Company SecretaryA company must have at least one secretary, being a natural person of full age who has his orher principal or only place of residence in Malaysia. No person shall act as a secretary of acompany unless he or she is qualified as prescribed under the Companies Act. Similar todirectors, company secretaries are also governed by a Code of Ethics. A register of the companysecretary or secretaries is kept at the registered office of the company.Registered OfficeA company must maintain a registered office in Malaysia where all books and documentsrequired under the provisions of the Companies Act 1965 are kept. Suite. 21.02 & 03, 21st Floor Menara Haw Par Jalan Sultan Ismail 50250 Kuala Lumpur Tel : +603-20789990 Fax : +603-20780991 W : www.BCH.my F: www.Facebook.com/beyondcorporate T : www.Twitter.com/beyondcorporate Email Us at info@bch.my
  3. 3. www.BCH.myThe following registers have to be kept and changes there to have to be filed with theCompanies Commission of Malaysia:  Register of members  Register of directors, managers and secretaries  Register of charge (if applicable)  Register of interest holders (if applicable)AuditorThe Companies Act requires a company to appoint a qualified and approved external auditor toaudit its books. The main statutory duty of the auditors is to report to the members of thecompany on the accounts or consolidated accounts to be laid before the company at theAnnual General Meeting. The Companies Act specifically provides for the disclosures to bemade in the auditor’s report and the auditor must form an opinion on the accounts.We also provide other services such as Immigration Services, Work Permit Malaysia, MM2HServices, Company Formation, Regional Office Services, Malaysia Payroll, Accounting Services.Call us now +603-20789990 or visit our website http://www.bch.my/ for more information! Suite. 21.02 & 03, 21st Floor Menara Haw Par Jalan Sultan Ismail 50250 Kuala Lumpur Tel : +603-20789990 Fax : +603-20780991 W : www.BCH.my F: www.Facebook.com/beyondcorporate T : www.Twitter.com/beyondcorporate Email Us at info@bch.my

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