License / Permit / Service Description
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Professional Application for Extension of Time (EOT) for circulation and/or lodgement of Financial Statements and Reports services in Malaysia. We assist with the review of the company’s financial year end, statutory deadlines, audit progress, circulation requirements, preparation of the EOT application, and submission coordination with the appointed licensed Company Secretary. Our service is suitable for Sdn. Bhd., Berhad, foreign companies, dormant companies, and companies facing delays in the completion, circulation, or lodgement of Financial Statements and Reports.
Related Departments / Regulatory Bodies
- Companies Commission of Malaysia (SSM) / Suruhanjaya Syarikat Malaysia
- Malaysian Business Reporting System (MBRS)
- Licensed Company Secretary / Company Agent
- Auditor or Accounting Firm, where applicable
- Board of Directors and Shareholders of the Company
License Name ( Bahasa Malayu )
- Permohonan Lanjutan Masa (EOT) Penyata Kewangan
Application Scenarios & Business Necessity
- Financial Statements and Reports are not ready before the statutory deadline
- Audit process is still ongoing
- Auditor’s Report or Directors’ Report is not yet completed
- Company requires additional time to circulate Financial Statements to members
- Company requires additional time to lodge Financial Statements and Reports with SSM
- Supporting documents, accounting records, or management information are incomplete
- Company experiences delays due to auditor, accountant, director, shareholder, or operational matters
- Public company requires additional time related to its Annual General Meeting (AGM) and Financial Statements
- Company wishes to avoid late lodgement, compound, or statutory non-compliance
- Company requires assistance to manage an upcoming financial statement submission deadline
Important Rules & Compliance Standards
- The EOT application must be submitted before the relevant statutory deadline expires.
- The application is subject to the Registrar’s review, approval, and any terms or conditions imposed.
- A private company must comply with the applicable timeline for circulation of Financial Statements and Reports to its members and subsequent lodgement with SSM.
- A public company must comply with the applicable timeline for circulation of Financial Statements, holding of AGM, and lodgement with SSM.
- The company must provide accurate financial year end dates, statutory deadline dates, and reasons for the EOT application.
- The company remains responsible for completing and lodging its Financial Statements and Reports within the extended period approved by SSM.
- A further EOT application may be required if the company is unable to meet the approved extended deadline.
- SSM’s statutory fee for an EOT application is RM100 for each application, excluding professional service fees.
- EOT approval does not remove the company’s obligation to prepare, audit where applicable, circulate, and lodge its Financial Statements and Reports.
Compound & Legal Penalties
- Rejection of the EOT application
- Late lodgement fee, compound, or penalty where applicable
- Requirement to submit Financial Statements and Reports without further extension
- Compliance notice or enforcement action by SSM
- Possible offence under the Companies Act 2016 for failure to comply with statutory lodgement requirements
- Difficulty in obtaining bank facilities, tender participation, financing, investor confidence, or corporate due diligence clearance
- Legal action against the company and/or responsible officers in serious cases
Frequently Asked Question
An EOT is a formal application made to SSM under the Companies Act 2016 to request additional time to circulate financial statements to shareholders, lodge financial statements, or hold an Annual General Meeting (AGM) for public companies.
SSM typically grants an extension of up to 30, 60, or a maximum of 90 days from the original statutory deadline, depending on the validity and urgency of the justification provided.
Only a registered Company Secretary (acting as the authorized lodge) can prepare and submit the EOT application online through the MBRS portal or the MyCoID portal on behalf of the company.
The application must be submitted to SSM at least 7 to 14 days before the expiry of the original statutory deadline. Late submissions (after the deadline has passed) are rejected automatically.
The statutory fee is RM100 per application payable directly to SSM. Please note that company secretarial firms may charge separate professional or administrative fees for handling the submission.
No. Extension for the Circulation of financial statements and extension for the Lodgement of financial statements are treated as separate compliance requirements. If you need more time for both, you must apply and pay for both extensions.
If SSM rejects the application, the company must comply with the original statutory deadlines. Failing to meet the original deadlines will result in automatic late lodgement penalties or compound notices issued to the directors.
SSM requires a solid, verifiable reason to approve an EOT. Common acceptable grounds include:
• Unforeseen delays in finalizing the audit due to complex overseas transactions.
• Resignation or sudden loss of key financial personnel or auditors.
• Restructuring, legal disputes, or liquidation processes affecting accounting data.
In highly exceptional circumstances, a second extension can be requested, but it is rarely approved unless accompanied by overwhelming proof of unexpected hardship or court orders. The maximum combined extension rarely exceeds 90 days total.
Yes. Conzlab can assist with document review, preparation of the EOT and justification letters, submission to the relevant authority, follow-up, and updates on the application status.
Penny Lim , Legal Consulting
Ms. Penny is responsible for identifying possible legal issues and implementing solutions in the areas of government regulation, customer protection, and fair employment. Legal Counsel. Ms. Penny can advise on legal issues such as government and business permits, review legal documents before signing them, and complete legal research as needed by the company
Free Consult
