License / Permit / Service Description
- Professional Financial Statements lodgement coordination and Company Secretarial support services for companies in Malaysia. We assist with reviewing the company’s submission requirements, coordinating Financial Statements and Reports with the accountant and auditor, checking supporting documents, preparing MBRS filing information, liaising with the appointed licensed Company Secretary or Company Agent, and coordinating statutory lodgement with SSM.
Related Departments / Regulatory Bodies
- Companies Commission of Malaysia (SSM) / Suruhanjaya Syarikat Malaysia
- Malaysian Business Reporting System (MBRS)
- Appointed Licensed Company Secretary or Company Agent
- Accountant or Accounting Firm
- Approved Auditor or Audit Firm, where applicable
- Inland Revenue Board of Malaysia (LHDN), where applicable
- Board of Directors
- Shareholders or Members of the Company
- Securities Commission Malaysia (SC), Bursa Malaysia, or Bank Negara Malaysia, where applicable
License Name ( Bahasa Malayu )
- Penyerahan Penyata Kewangan dan Laporan kepada SSM
Application Scenarios & Business Necessity
- Newly incorporated company requires guidance on its first Financial Statements lodgement
- Existing company requires annual statutory Financial Statements submission to SSM
- Company has completed its Financial Statements and requires lodgement coordination
- Company has completed its audit and requires statutory submission through MBRS
- Company is audit-exempt and requires review of its applicable submission requirements
- Company requires coordination between the accountant, auditor, directors, and Company Secretary
- Company requires Financial Statements for bank facilities, tenders, investment, licensing, or due diligence purposes
- Company has overdue Financial Statements or outstanding annual statutory compliance
- Company is undergoing restructuring, shareholding changes, financing, or corporate transactions
- Company requires support to coordinate Financial Statements and Annual Return submissions
Important Rules & Compliance Standards
- Financial Statements must be prepared based on proper accounting records and the applicable reporting standards.
- The company must determine whether its Financial Statements require audit or whether it qualifies for audit exemption under the applicable SSM criteria.
- Financial Statements and Reports must be approved, circulated, and lodged according to the company’s statutory requirements.
- For a private company, lodgement is generally required within the prescribed period after circulation of the Financial Statements to its members.
- For a public company, lodgement is generally required within the prescribed period after the Annual General Meeting.
- Only the appointed licensed Company Secretary or Company Agent may lodge annual documents through the MBRS platform.
- The company is responsible for providing complete, accurate, and timely financial and corporate information.
- Financial Statements Lodgement is separate from Annual Return, tax filing, SST filing, payroll submissions, and business licence renewals.
- Any extension of time, exemption, waiver, or relief must be applied for separately where applicable.
- Additional documents, clarification, correction, or resubmission may be required before lodgement can be completed.
Compound & Legal Penalties
- Late lodgement fees, compound, or penalty where applicable
- Requirement to correct or resubmit incomplete or inaccurate Financial Statements
- Compliance notice or enforcement action by SSM
- Offence under the Companies Act 2016 for failure to lodge required Financial Statements and Reports
- Difficulty in obtaining bank facilities, tenders, licences, financing, investment, or corporate documents
- Delays in corporate transactions, due diligence, restructuring, or shareholder matters
- Company status may be affected due to prolonged statutory non-compliance
- Legal action against the company and/or responsible officers in serious cases
Frequently Asked Question
Financial Statements Lodgement is the statutory submission of a company’s Financial Statements and Reports to SSM through the prescribed filing system.
No. Financial Statements and Annual Return are separate annual statutory submissions.
No. Financial Statements are lodged with SSM, while tax returns are filed separately with LHDN.
Financial Statements are usually prepared by the company’s accountant, internal finance team, or appointed accounting firm.
Not necessarily. Certain private companies may qualify for audit exemption, subject to the applicable SSM criteria and company circumstances.
The lodgement must be made through the company’s appointed licensed Company Secretary or Company Agent using the prescribed SSM system.
Documents may include the Financial Statements, Directors’ Report, Auditor’s Report where applicable, relevant approvals, company particulars, and other supporting information.
The company may be subject to late lodgement fees, compound, compliance action, and other consequences under the Companies Act 2016.
A dormant company may still have statutory compliance obligations. The applicable requirement should be reviewed based on the company’s status and financial period.
Yes. Conzlab can assist with document coordination, submission requirement review, follow-up with the accountant or auditor, and lodgement coordination through the appointed licensed Company Secretary or Company Agent.
Jeffrey Eh Hao Yih , Director
Jeffrey has been providing expert guidance for businesses dealing with ongoing challenges. With his expertise, he aids clients in strategic business planning, streamlining operations, and enhancing productivity. Additionally, Jeffrey offers diverse business technology services to help digitize traditional businesses effectively.
