License / Permit / Service Description
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Professional Exemption Application and Company Secretarial support services for companies in Malaysia. We assist with reviewing the company’s circumstances, identifying the appropriate exemption, waiver, relief, or regulatory application, coordinating statutory and supporting documents, preparing application information, liaising with the appointed licensed Company Secretary, and coordinating submission through the appropriate SSM or regulatory channel.
Related Departments / Regulatory Bodies
- Companies Commission of Malaysia (SSM) / Suruhanjaya Syarikat Malaysia
- Malaysian Business Reporting System (MBRS), where applicable
- Appointed Licensed Company Secretary
- Ministry of Finance Malaysia or relevant Minister, where applicable
- Auditor or Accounting Firm, where applicable
- Board of Directors
- Holding Company, Parent Company, or Foreign Head Office, where applicable
- Other relevant regulatory bodies, depending on the type of application
License Name ( Bahasa Malayu )
- Permohonan Pelepasan atau Pengecualian Pematuhan Syarikat
Application Scenarios & Business Necessity
- Company requires clarification on whether it qualifies for a statutory exemption or relief
- Foreign subsidiary requires exemption from having the same financial year end as its holding company
- Company requires exemption from filing Financial Statements and Reports in full XBRL format, where applicable
- Foreign company requires consideration to waive lodgement of Financial Statements in Malaysia, where applicable
- Company requires relief relating to the form or content of Financial Statements or Directors’ Reports
- Company has special corporate, financial, or group reporting circumstances
- Company requires regulatory consideration due to restructuring, overseas ownership, or group reporting requirements
- Company needs to coordinate supporting documents from directors, auditors, holding companies, or overseas parties
- Company receives a query, notice, or request for clarification from SSM or the relevant authority
- Company requires professional support to determine the correct statutory application before submission
Important Rules & Compliance Standards
- The appropriate exemption, waiver, relief, or application type must be identified before submission.
- Eligibility depends on the relevant law, SSM requirements, company type, and the facts of each case.
- Approval is not automatic and remains subject to the decision of SSM, the Minister, or the relevant authority.
- The company must provide accurate, complete, and properly supported information.
- Relevant board resolutions, director statements, auditor documents, holding company documents, financial information, or other supporting documents may be required.
- Supporting documents from overseas parties may need to be translated, certified, or verified where applicable.
- The company remains responsible for its statutory obligations unless and until the relevant exemption or relief is approved.
- An Exemption Application does not automatically exempt the company from tax filing, audit requirements, Annual Return lodgement, business licences, or other unrelated compliance obligations.
- Any conditions stated in an approval letter must be followed by the company.
- Additional documents, explanation, clarification, or resubmission may be required before a decision is made.
Compound & Legal Penalties
- Rejection of the Exemption Application due to incomplete information or failure to meet eligibility requirements
- Requirement to lodge outstanding statutory documents if the application is not approved
- Late lodgement fees, compound, or penalty for overdue statutory compliance, where applicable
- Compliance notice, query, or enforcement action by SSM or another relevant authority
- Delays in corporate transactions, financing, banking, tender, investment, or due diligence processes
- Inaccurate statutory records or reporting information
- Possible offence under the Companies Act 2016 for failure to comply with required obligations
- Legal action against the company and/or responsible officers in serious cases
Frequently Asked Question
An Exemption Application is a formal request to seek exemption, waiver, relief, or regulatory consideration from a specific statutory requirement.
No. Eligibility depends on the type of exemption, the company’s circumstances, applicable law, and the supporting documents provided.
No. Approval is subject to review and the decision of SSM, the Minister, or the relevant authority.
No. An Exemption Application seeks exemption or relief from a requirement, while EOT seeks additional time to complete a required action or lodgement.
No. Any approved exemption normally applies only to the specific matter stated in the approval. Other statutory obligations may still continue.
Documents vary by application type and may include company information, financial documents, board resolutions, director statements, auditor documents, holding company documents, and written explanations.
Certain applications may be available to foreign companies, subject to the applicable law, requirements, and SSM assessment.
Not necessarily. Audit exemption is subject to the applicable qualifying criteria for private companies. A review should be carried out to determine the correct process.
The timeline depends on the application type, completeness of documents, need for clarification, and processing by SSM or the relevant authority.
Yes. Conzlab can assist with initial review, document coordination, application preparation support, and submission follow-up through the appointed licensed Company Secretary or relevant professional.
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.
