Description
- Incorporation of a Sendirian Berhad (SDN BHD) company involves registering a private limited company with limited liability under Malaysian law. This legal entity allows business owners to operate with distinct legal recognition, protecting personal assets and enabling business growth
GOV Department
- Suruhanjaya Syarikat Malaysia (SSM) / Companies Commission of Malaysia
License Name (Malay)
- Company Incorporation Certificate (Sijil Pendaftaran Syarikat)
Details
- Applicable for individuals or groups intending to start a private limited company (SDN BHD) in Malaysia.
- Requires at least one director and one shareholder, both aged 18 or above and residing in Malaysia.
- Key documents include:
- Company Constitution (if applicable).
- Identification documents of directors and shareholders.
- Proposed company name and business activities.
- Incorporation allows the company to enter contracts, own assets, and file taxes as a separate legal entity.
Important Rules
- The company must comply with the Companies Act 2016.
- Directors must not be disqualified under the Act, such as being undischarged bankrupts.
- The company name must not conflict with existing names and should not contain prohibited terms.
- Annual filing of returns and financial statements with SSM is mandatory.
- A registered office address in Malaysia must be maintained.
Compound & Punishment
- Failure to file annual returns or maintain statutory records: Fine up to RM50,000 or further legal penalties.
- Using an unapproved company name may lead to rejection or forced name change.
- Non-compliance with statutory obligations can result in deregistration of the company or legal action against directors.
- Directors providing false information during registration may face fines, imprisonment, or disqualification from holding directorships.
Advisor
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.