Company Secretarial
In summary, company secretary is responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented.
AASJ have professional specialists who’re well skilled on matters relating to commercial enterprise start-united states and employer facts. We also offer enterprise secretarial offerings to conform with the Malaysian companies Act. we are able to set up any of the following organizations.
Why is company secretary important?
Each corporation registered as a private constrained (Sdn.Bhd.) are required to appointment one employer Secretary. This corporation Secretary (additionally know as corporate Secretary) is not your ordinary staff inside the office. the jobs and obligations of a organization Secretary in Malaysia are described within the Secretary association, with whom licenses are governed and regulated through the company fee of Malaysia.
Here are list of the responsibilities of the company secretary.
Professionalism and competence
Company Formation and Registration
Maintenance of Statutory Registration and Record Books
Ensure the company complies with legislation
Preparation of Resolutions, Organizing Board Meetings of Directors
Instill integrity in the company
Our firm will ensure that the company formation matters shall be executed with accurancy and ina timely manner
Company Secretarial and Compliance
At AASJ Consultants Sdn Bhd, we provide a complete range of corporate secretarial and support services for all types of organizations, small and large, profit and non profit organizations. Our experienced staff specialize in the registrations of companies, provision of trust deeds and searching of corporate structures.
We assist clients by explaining and interpreting clauses within an entity’s constitution and rules, and ensure that members and office holders’ registers are accurately maintained and the Company Commissions of Malaysia (CCM) are updated promptly when changes occur and the annual lodgement requirements with CCM are met. Besides, our team can also help you with accounting and payroll services. We strive to provide value for money services which are flexible and tailored to the particular circumstances and needs of the organizations.
Our principal Services include
Incorporation Of companies
Limited liability Companies
Provision of registered Office address
Provision of Named Company Secretaries in compliance with section 139A of the Companies Act, 1965
Proper maintenance of statutory records under companies Act, 1965
Organising and attending meetings of Directors and share holders
Providing advice and assistance on implementation of corporate actions such as rights issues bonus issues and capital reduction
Providing comprehensive practical support and guidance to directors
Ensuring compliance with requirements of regulatory authorities and companies Act 1965
Provision of Nominee Director to comply with the companies Act 1965
Act as agent of branch offices of Foreign Corporations
Conduct company searches at the companies commision of Malaysia
Registration of representative office and regional office with the ministry of international trade and industry
Differences between Company, Partership & Sole Proprietorship
| ENTITY TYPE | COMPANY (SDN BHD) | LIMITED LIABILITY PARTNERSHIP (LLP) | CONVENTIONAL PARTNERSHIP | CONVENTIONAL PARTNERSHIP |
|---|---|---|---|---|
| NAME APPEARANCES | “Sdn Bhd” | “PLT” (Perkongsian Liabiliti Terhad) | Subjected to ROB approval | Subjected to ROB approval |
| PERSONAL LIABILITY | Limited liability | Limited liability | Unlimited liability | Unlimited liability |
| NO. OF SHAREHOLDERS / PARTNERS | 1 to 50 shareholders | Minimum 2 and no maximum limit | 2 to 20 partners | Sole proprietor only |
| STATUTORY AUDIT REQUIREMENT | Required to be Audit | No Audit required | No Audit required | No Audit required |
| ANNUAL SUBMISSION TO SSM | Annual Return on the date of Incorporation | Annual Declaration | N/A | N/A |
| INCOME TAX STATUS / RATE | Tax on Company / On the first 500K – 18%(SME) After – 24% | Tax on LLP / On the first 500K – 18%(SME) After – 24% | Tax on Partners From 0% to 28% | Tax on Individual From 0% to 28% |
| ADVANTAGES & DISADVANTAGES | Credibility & more independence
More reliable as the statutory audit are required Market Perception; Having Sdn Bhd as part of your company’s name may help you attract more contracts Suitable for business affordable to maintain business with higher operation cost Public will have access to financial affairs of the company |
Suitable for newly start-up business with low entry cost
Not required to disclose financial statements to the public (Statutory audit not required) Local resident compliance officer is required to setup LLP Lower Compliance Cost |
Suitable for newly start-up business with low entry cost
Not required to disclose financial statements to the public |
Suitable for newly start-up business with low entry cost
Not required to disclose financial statements to the public |
New Company Registration in Malaysia @ RM 888.00 ONLY
Register Sdn Bhd Company at RM 888.00 only!
Register your new company in Malaysia with SSM and start your business right away!
Our total charge for registering new company (Sdn Bhd) with SSM Malaysia is RM 888.00 only.
| Service | Package-Sdn Bhd |
|---|---|
| SSM Incorporate Fee | |
| * Name search application to SSM
* Registration fee paid to SSM Malaysia * Appointment of 1 or 2 persons as new directors & shareholders * Issue of ordinary shares (paid-up capital) at min. RM1 or up to max. RM5,000 * Use of office company’s registered address * Issue of share certificates to 1 or 2 shareholders * Appointment of 1st company secretaries after registration * Board resolution for opening local bank accounts (First 2 resolutions free) * Preparation of minutes for First Board Meeting * Certified Copied of SuperForm & Notice of Registration |
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| The package include: | |
| Secretarial Retainer Fee – ( 3 months ) + Retainer Fees for Registered Office – ( 3 months ) | |
| FEES (RM) | 888.00 |
