Annual Return of Private Limited Company
4 minutesIn today’s corporate landscape, directors play a crucial role in the management and decision-making processes of companies. They are responsible for the overall governance and success of the organization. The Companies Act, 2016, outlines the duties and responsibilities that directors must adhere to fulfill their roles effectively.
A director is an individual appointed or elected by the shareholders of a company to oversee its operations, make strategic decisions, and act in the best interest of the company and its stakeholders. Directors are entrusted with the responsibility of ensuring the long-term sustainability and growth of the organization.
Directors should be aware of their duties and responsibilities as it is important for them to form the foundation of corporate governance and ensure accountability within a company. These duties are designed to protect the interests of various stakeholders, including shareholders, employees, creditors, and the wider community. By fulfilling their duties, directors contribute to the overall stability and success of the company, enhancing the trust level and confidence among investors and stakeholders.
How to Apply Malaysia Digital Status (MD Status) Company for Foreign Investors
4 minutesAs one of the fastest-growing economies in Asia, Malaysia is quickly becoming one of the hottest destinations for foreign investment due to a host of favorable government policies geared at accelerating economic growth.
Malaysia Directors Duties and Responsibility Under Companies Act
5 minutesIn today’s corporate landscape, directors play a crucial role in the management and decision-making processes of companies. They are responsible for the overall governance and success of the organization. The Companies Act, 2016, outlines the duties and responsibilities that directors must adhere to fulfill their roles effectively.
A director is an individual appointed or elected by the shareholders of a company to oversee its operations, make strategic decisions, and act in the best interest of the company and its stakeholders. Directors are entrusted with the responsibility of ensuring the long-term sustainability and growth of the organization.
Directors should be aware of their duties and responsibilities as it is important for them to form the foundation of corporate governance and ensure accountability within a company. These duties are designed to protect the interests of various stakeholders, including shareholders, employees, creditors, and the wider community. By fulfilling their duties, directors contribute to the overall stability and success of the company, enhancing the trust level and confidence among investors and stakeholders.
Setting up Malaysia Private Limited Company (Sdn Bhd)
4 minutesMalaysia Sdn Bhd, also known as a private limited company, is the most common form of business entity in Malaysia. It is a legal structure that provides its shareholders with limited liability protection, separating their personal assets from the company’s. This makes it an attractive option for entrepreneurs and investors who want to start a business in Malaysia. We will cover everything from the definition of a Malaysia Sdn Bhd to the legal requirements and additional considerations for setting up a successful business entity in Malaysia.
7 Alternatives: Types of Companies in Malaysia
6 minutesMalaysia is a country that is rich in culture, history, and economic opportunities. It is a hub of business activity in Southeast Asia, making it an ideal destination for entrepreneurs and investors looking to establish a company or expand their business in the region. In this article, we will explore the different types of companies in Malaysia, the process of incorporating a Malaysia type of company, corporate governance, financing, employment laws and regulations, intellectual property rights protection, taxation, and more.
What are the Three Types of Shareholder Meetings in Malaysia?
4 minutesAs a professional consulting and tax accounting firm, we understand the importance of shareholder meetings in Malaysia.
These meetings provide a platform for shareholders to exercise their rights, participate in decision-making processes, and stay informed about the company’s affairs.
Ultimate Guide on Enterprise vs SDN BHD Malaysia for Business Owners
4 minutesAs a business owner seeking incorporation in Malaysia, you can register your company in various entity categories. The most common categories are Enterprise and Private Limited Liability, each with pros and cons and operating within the limits of separate jurisdictions and legal frameworks.
As an entrepreneur new to doing business in Malaysia, it’s necessary to consider everything that both options entail for long-term purposes. Thus, the bulk of this article will focus on Enterprises and Private Limited Liability (Sdn Bhd) and how you can make the best of either choice.
Quick guide to 5 benefits of SMEs from Malaysia revised budget 2023
4 minutesThe aftermath of the COVID-19 pandemic has been disastrous for the global economy. Inflation rates have never been higher, and large corporations are rapidly downsizing on staffing, while several SMEs are struggling to stay afloat, with many already out of business.
The effects of the global economic crisis have been felt keenly, prompting the government to devise new means and measures to help organizations, individuals, and SMEs to navigate the trying times.
The Malaysia 2023 budget saw significant changes to the nation’s individual and corporate tax regimes, with chargeable income taxes on SMEs also favorably revised.
High earners will see a marked increase in income taxes, while mid-to-low-income earners will enjoy lowered taxes.
What Are The Roles And Duties Of The Company Secretary In Malaysia?
4 minutesDifferent people play different roles within an organization to ensure the smooth running of the organization’s operations. In this piece, we will consider the roles and duties of a Company Secretary in Malaysia.
How and Why set up holding company in Malaysia
5 minutesIt would be important to understand how to set up a holding company in Malaysia before creating one. What a Malaysian Holding Company Is? A holding company is a specific kind of business entity registered in Malaysia with the primary responsibility of overseeing and managing the assets and investment strategies of another business, known as […]