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At One Glance
Entity Formation & Business Establishment
At CNP, our team of professionals is dedicated to providing you with the best solutions and recommendations regarding the type of entity that suits your needs. We also offer guidance on structuring your corporate operations effectively. Our services in this area encompass the following:
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Advisory services on the appropriate type of entity
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Corporate structure guidance
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Company formation based on Companies Act
Nature of Malaysian Company
Malaysia Limited Liability Company (be it Sendirian Berhad, or Berhad) is detached from another individuals or businesses with respect to accountability, these are also separate legal existence to two:
- Shareholders – those who own the company
- Directors – those who operate the company
The company will continue in existence until it is removed from the Registrar. This would mean that another person can legally enter into contract, acquire, and own property in the name of the company. The property owned by a company can be motor vehicles, machineries, intangible assets, lands, both residential and commercial properties, and many more.
Private company can be incorporated and operated by a single resident director (public company with minimum of 2 resident directors). Private company can have a minimum of 1 shareholder and a maximum of 50 shareholders. Public company allows more than 50 shareholders. Shareholder can be a natural person or corporate.
The biggest benefit of forming your own company is limited liability protection. Simply put, your personal assets are secured against your company’s liabilities.
Requirements of Malaysian Company
To start a Malaysian company, you only need a minimum of RM1 paid up capital. The company must have at least one shareholder subscribed to the shares of the company. The shareholder applies even to non-Malaysians. However, there are certain industries requiring partial local shareholding. In the case of such, an additional local shareholder will be needed.
You would need at least one director who is of legal age and is a currently residing in Malaysia. The director must not be a bankrupt, or a convict who has been imprisoned more than 5 years.
On top of a shareholder and a director, you would also need at least one company secretary. The company secretary must be a member of Malaysian recognised professional bodies, or licensed by the Companies Commission of Malaysia.
Last but not least, the company must have a registered address in Malaysia. It is of normal practice to have the secretarial office as the registered office.
At One Glance
Corporate Governance, Compliance & Secretarial Services
Here at CNP Group, services to support businesses and all entities in corporate governance and compliance with statutory and regulatory obligations are provided. These services include corporate restructuring and all corporate actions. These services are listed as such:
- Management of board and committee meetings
- Maintaining corporate records
- Managing share transfers and dividends
- Be the governance liaison for officers and directors
- Advising on compliance pertinent to relevant laws and regulations
- Annual meeting of shareholders
- Managing subsidiaries
- Advising on corporate governance and best practices
- Implementation of corporate restructuring
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Choosing the Best Corporate Secretarial Services in Malaysia
Corporate secretarial services form the backbone of business compliance in Malaysia. As regulatory requirements become increasingly complex, having professional secretarial support is crucial for maintaining proper corporate governance.
Selecting the right company secretary means partnering with experts who understand your business needs and ensure compliance with the Companies Act 2016. With CNP's established track record, businesses can focus on growth while maintaining full regulatory compliance.
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Essential Qualities of a Reliable Secretarial Support Provider
Finding the right corporate secretarial firm in Malaysia requires careful consideration. Your chosen provider should offer comprehensive support that aligns with your business objectives. At CNP, we combine technical expertise with practical business insights to deliver:
- Expert guidance on corporate compliance matters
- Strategic business restructuring support
- Professional governance advisory services
- Efficient statutory documentation handling
- Dedicated secretarial support
This integrated approach ensures consistency and smoother operations as your business grows, providing long-term value and peace of mind.
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CNP’s Excellence in Providing Corporate Secretarial Support in Malaysia
As a leading corporate secretarial firm in Malaysia, CNP delivers end-to-end support throughout your business lifecycle. Our team of qualified professionals ensures full compliance while promoting transparency and efficient governance through:
- Proactive risk management and compliance monitoring.
- Customized solutions for different business needs.
- Timely statutory filing coordination.
- Strategic corporate planning support.
- Complete corporate record maintenance.
Whether you're establishing a new business or seeking to outsource company secretarial services, partner with CNP for expert support that strengthens your business compliance framework. Contact us today for a consultation tailored to your needs.
FAQs about Corporate Secretarial Service
Do all companies in Malaysia need a company secretary?
Yes, all companies in Malaysia must appoint a qualified company secretary. According to the Companies Act 2016, every private limited company (Sdn Bhd) and public company must have at least one company secretary, regardless of company size or business nature.
What happens if my company doesn’t comply with secretarial requirements?
Non-compliance may lead to penalties for both the company and its directors, including fines under the Companies Act 2016. Additionally, your company might face operational restrictions and reputational damage.
How often do corporate secretarial filings need to be done?
The main corporate filing requirements include Annual Returns (within 30 days of incorporation anniversary) and Financial Statements (within 6 months after financial year-end). Any changes to company information must be reported immediately to authorities.
How does CNP ensure smooth corporate governance for businesses?
CNP ensures smooth corporate governance through proactive management of statutory requirements, timely compliance monitoring, and expert documentation handling. Our dedicated team coordinates all necessary filings while providing strategic guidance to maintain the highest standards of corporate governance.