{"id":833,"date":"2011-06-14T01:26:17","date_gmt":"2011-06-13T17:26:17","guid":{"rendered":"http:\/\/www.nbc.com.my\/blog\/?p=833"},"modified":"2011-12-12T01:10:34","modified_gmt":"2011-12-11T17:10:34","slug":"submit-annual-returns-audited-accounts-ssm-face-penalty","status":"publish","type":"post","link":"https:\/\/www.nbc.com.my\/blog\/submit-annual-returns-audited-accounts-ssm-face-penalty\/","title":{"rendered":"Submit annual returns and audited accounts with SSM or face penalty"},"content":{"rendered":"<p style=\"text-align: left;\"><span style=\"color: #000000;\"><a href=\"https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2011\/06\/ssm_logo.gif\"><span style=\"color: #000000;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" style=\"background-image: none; border-width: 0px; padding-left: 0px; padding-right: 0px; display: inline; padding-top: 0px;\" title=\"ssm_logo\" src=\"https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2011\/06\/ssm_logo_thumb.gif\" alt=\"ssm_logo\" width=\"260\" height=\"102\" border=\"0\" \/><\/span><\/a>Many active companies have complied with the Companies Act, 1965 and <a href=\"http:\/\/www.nbc.com.my\/files\/ssm-practice-note-1-2008.pdf\" target=\"_blank\"><span style=\"color: #000000;\">SSM Practice Note 1\/2008<\/span><\/a> in lodging their <a href=\"http:\/\/nbc.com.my\/annual-return.html\" target=\"_blank\"><span style=\"color: #000000;\">annual returns<\/span><\/a> and latest audited accounts with Suruhanjaya Syarikat Malaysia (SSM). <!--more--><\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">SSM Chief Executive Officer Datuk Azmi Ariffin said the compliance rate improved from 84% in 2009 to 87% in 2010. <\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">SSM Practice Note 1\/2008 informs the requirements under Section 165 and Part II of the Eighth Schedule of the Companies Act, 1965 relating to the lodgement of annual returns and the latest audited accounts (or private exempt company certificate).<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">Annual return shall be lodged together with the latest audited accounts within one month after the <a href=\"http:\/\/nbc.com.my\/AGM-Annual-General-Meeting.html\" target=\"_blank\"><span style=\"color: #000000;\">Annual General Meeting (AGM)<\/span><\/a>, while AGM shall be held within 6 months from the company\u2019s year end.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">It is learnt that SSM has been tightening its monitoring and enforcement by imposing severe penalty for late or non-submission of annual returns and audited accounts.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">Under the company law, a director can be fined RM30,000 or jailed five years or both if he fails to lodge his company\u2019s annual return and audited accounts.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many active companies have complied with the Companies Act, 1965 and SSM Practice Note 1\/2008 in lodging their annual returns and latest audited accounts with Suruhanjaya Syarikat Malaysia (SSM).<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[11,12],"class_list":["post-833","post","type-post","status-publish","format-standard","hentry","category-ssm-company-registration","tag-ssm","tag-suruhanjaya-syarikat-malaysia"],"_links":{"self":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts\/833"}],"collection":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/comments?post=833"}],"version-history":[{"count":0,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts\/833\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/media?parent=833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/categories?post=833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/tags?post=833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}