Why do you need a Company Secretary for your business in Malaysia
This post outlines the role and responsibility of a company secretary as an officer of the company
DOING BUSINESS IN MALAYSIACOMPANY SECRETARY SECRETARY AS AN OFFICER OF THE COMPANY
The Company Secretary is an essential member of the Company's management team. It is a legal requirement in Malaysia, that every company appoints a Company Secretary within 30 days of its incorporation. This guide hopes to highlight the role and responsibilities of a Company Secretary as an officer of the Company.
A secretary must be a natural person who is 18 years or above, a Malaysian citizen, and a member of a prescribed professional body that is recognised by the SSM. The individual to be appointed must also not be disqualified from acting as a Company Secretary.
The duties and responsibilities of a Company Secretary in Malaysia include :
Attending Board and Member meetings
Ensuring the company is in compliance with the Companies Act, 2016 and any other relevant laws
Update and maintain the statutory records and books of the Company
Organise Meetings of the Board and Members
Liaise between the Directors and shareholders of the Company
Prepare and lodge with the SSM any changes in the structure of the Company
Prepare and lodge with the SSM the Annual Returns of the Company
Lodge the Financial Statements with the SSM after circulation to the members
In conclusion, all companies in Malaysia are required to appoint a Company Secretary, to carry out the various functions related to the running of a Company and to ensure compliance with the Companies Act and related bye-laws.
Allpro Consultants provides the professional services you need to start, grow and manage a Company in Malaysia. We offer a wide range of secretarial services in Malaysia. Contact us now and request a customised quote. Ask us for solutions not advice.