Corporate Law

Dec 4, 20241 min read

Impact of the New 2% Dividend Tax

Starting from 1 January 2025, individuals receiving annual dividend income exceeding RM100,000 will be subject to a 2% tax on the amount...

Jun 3, 20221 min read

Employees Share Schemes for Private Companies

Employees Share Scheme (ESS) or Employee Share Option Plan (ESOP) provides employees with an ownership interest in the company. Benefits...

Mar 15, 20212 min read

Employers Must Inform IRBM When Hiring A New Staff and When A Staff Is Resigning From the Company

We have received a few enquiries on this question recently – Does an employer need to notify the tax department when employing a new...

Oct 30, 20201 min read

Corporate Liability under Malaysian Anti-Corruption Commission Act

The provision under Section 17A Malaysian Anti-Corruption Commission Act 2009 ("MACC Act") has established a new corporate liability...

May 26, 20204 min read

Mandatory Disclosure of Beneficial Ownership (Attention to all Company Directors)

The Companies Commission of Malaysia (CCM) has issued the Guideline for the Reporting Framework for Beneficial Ownership of Legal...

Feb 1, 20202 min read

Guidelines for Issuing Cryptocurrencies or Digital Tokens (New SC Guidelines)

The Securities Commission (SC) on 15 Jan 2020 published a set of guidelines for issuing digital assets (cryptocurrencies, digital...

Dec 16, 20191 min read

Discount on CCM Penalties (Limited Time Offer)

From 1 Jan 2020 to 30 April 2020, the Companies Commission of Malaysia (CCM) is offering discounts of up to 90% on penalties and...

Oct 9, 20191 min read

CCM introduces new registration number format for all business entities (Important)

According to the Companies Commission of Malaysia (CCM), the current registration numbers of all business entities will be replaced by...

Feb 25, 20192 min read

Malaysian Business Reporting System (MBRS) - Compulsory for all companies starting from March 2019

What is MBRS? The Malaysian Business Reporting System (MBRS) is an online submission platform developed by the Companies Commission of...

Jul 30, 20181 min read

Director convicted for making false declaration in a strike off application

Director of a local incorporated company has been convicted by the court and he was ordered to pay a fine of RM15,000 or face 5 months...

Aug 18, 20174 min read

Audit exemption for small and dormant companies

To further reduce the cost of doing business, the Companies Commission of Malaysia has announced that dormant, zero-revenue and...

Jul 10, 20171 min read

Power of Registrar to Strike Off a Business Entity for a Particular Reason

This Circular serves to clarify the power of the Registrar of the Companies Commission of Malaysia (SSM) to strike off a business entity...