The Companies Commission of Malaysia (Suruhanjaya Syarikat Malaysia or SSM) is a statutory body which regulates companies and businesses. SSM, which came into operation on 16 April 2002, is a statutory body formed as a result of a merger between the Registrar of Companies (ROC) and the Registrar of Businesses (ROB) in Malaysia.
The main activity of SSM is to serve as an agency to incorporate companies and register businesses as well as to provide company and business information to the public. As the leading authority for the improvement of corporate governance, SSM fulfils its function to ensure compliance with business registration and corporate legislation through comprehensive enforcement and monitoring activities to sustain positive developments in the corporate and business sectors of the Nation.
SSM Registration Services
The SSM Registration Services Division is responsible for establishing a structured and effective companies and businesses registration process in addition to handling registration matters in line with the provision of laws and guidelines that it administrates. Concurrently, this division also plays a role in ensuring that the updating of corporate information is done accurately and according to the prescribed Client Service Charter.
SSM Registration Services Division is further divided into sections:
A. Company Registration Section
- Name Search Companies
- Incorporation of Companies/Company Registration
- General Documents
- Registration and satisfaction of Charges
B. Business Registration Section
- Name Search Business
- Registration of business – Registering sole proprietorships and partnerships.
- Renewal and Change of Business – Renewal of business registration and Registering change in business details.
- Termination of Business – Registering the termination of a business
C. Insolvency Section
- Handles matters relating to the winding-up of companies and strike off of company names of the registrar and asset management of defunct companies.
- To keep records of companies those are in the process of winding up, either by a court order or voluntary.
- To regulate the compliance of Companies Act 1965 relating to winding up of companies and dissolution of companies.
- Strike off company name pursuant to Section 308 Companies Act 1965.The Registrar has powers to strike off companies if he has reasonable cause to believe that a company is not carrying on business or is not in operation.To process applications to strike off company names off the register.
- Asset Management.
To register and record the list of assets vested in the Registrar of Companies under section 310 of the Companies Act 1965.
D. Registration under the Trust Companies Act 1949
- To coordinate the registration of trust companies.
- To process applications to register trust companies
- To coordinate the registration of trust companies.
- To coordinate interviews for the appointment of directors/Chief Executive Officers of trust companies.
- To prepare interview reports for the approval of directors and Chief Executive Officers.
E. Corporate Administration Management Section
- Coordinates and monitors applications for the incorporation of Companies Limited by Guarantee (CLBG) under the Companies Act 1965 by getting the approval of the Minister.
- Coordination of corporate applications
More info on Company Registration & Formation in Malaysia:
Click here nbc.com.my/company-formations-registration
