Companies Commission of Malaysia

The Companies Commission of Malaysia (, abbreviated SSM) is a statutory body formed under an Act of Parliament that regulates corporate and business affairs in Malaysia. The SSM was formed in 2002 under the ''Companies Commission of Malaysia Act 2001'', assuming the functions of the Registrar of Companies and Registry of Business.

The main purpose 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. The commission launched SSM e-Info Services to allow information on companies and businesses obtainable via its website.

As the leading authority for the improvement of corporate governance in Malaysia, the commission also handles monitoring and enforcement activities to ensure compliance with business registration and corporate legislation.

Business owners can choose to incorporate their business a
a Sole Proprietorship or Partnership
incorporate their company a
a Company Limited by Shares, a Company Limited by Guarantee or a Company Unlimited
or incorporat
a Limited Liability Partnership

History

In 2003, the SSM began a review of the Companies Act 1998, with the aim of simplifying the process of incorporation in Malaysia and reducing businesses' costs of compliance with Malaysian corporate law. This law was eventually replaced b
Companies Act 2016
which carries some major changes such as only one director is needed to register the company as a Company Limited by Shares instead of two, heavier penalties on directors who do not comply with the Act, and Annual General Meeting (AGM) is no longer mandatory to be held by private companies.

Registering a Sole Proprietorship or Partnership

# Fill ou
Form A
the Business Registration Form, with the following information:
## Business Name
## Commencement Date
## Principal Place of Business
## Address of the Branches (if applicable)
## Owner and Partner(s) Information
## Type of Business
## Copy of the Partnership Agreement (if applicable)
# Submit the Form along with the following documents to the neares
SSM counter
-
## Photocopy of Owner and Partner(s) NRIC
## Permit, License or Supporting Letter for your Business (if applicable) - e.g. nurseries, which need a permit from the Department of Social Welfare
## Approval or Supporting Letter from Relevant Agency (if required by the Registrar of Business)
# Registration fees are available a
SSM Website
Understand more on the differences o
Sole Proprietorship and Partnership in Malaysia

Legal Framework

Acts and regulations that SSM operates under are listed as below:

Acts

Companies Commission of Malaysia Act 2001 (Act 614)
as at 1 March 2018
Companies Act 2016 (Act 777)
as at 1 November 2018
Companies Act 1965 (Repealed)Interest Schemes Act (Act 778)Registration of Businesses Act 2016 (Act 197)
as at 1 June 2017
Limited Liability Partnerships Act (Act 743)
as at 1 March 2017
Trust Companies Act 1949 (Act 100)
as at 1 January 2006

Regulations

Any subsidiary legislation made under the Acts specified above such as: Companies Regulations 1966; and Registration of Businesses Rules 1957.

Companies Commission of Malaysia (Licensing of Secretaries) Regulations 2017

Companies Regulations 2017

Companies (Amendment) Regulations 2018

Companies (Practising Certificate For Secretaries) Regulations 2019

Interest Schemes Regulations 2017

Limited Liability Partnerships Regulations 2012

Limited Liability Partnerships (Amendment) Regulations 2016

See also

* List of company registers

References

External links

Official website
*

Licensed Company to register new company in Malaysia

Company registration Malaysia

Company Registration in Malaysia

Renew SSM Online

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Federal ministries, departments and agencies of Malaysia
Economy of Malaysia
2002 establishments in Malaysia
Government agencies established in 2002
Ministry of Domestic Trade and Consumer Affairs (Malaysia)
Registrars of companies