Company owners must sign the registration documents that have been prepared by the company secretary. A full payment is required before the secretary could proceed to arrange the Form 48A, which the Commissioners for Oath must attest to. The form is then stamped with the Memorandum & Articles of Association which takes place in the Stamping Office of the Inland Revenue Board.
In order to complete the registration, the secretary processes the Form 48A for the shareholders and directors declaration, Form 6 for the declaration of the company secretary and the Memorandum & Articles of Association (M&A). There is also a need to submit passports and identity cards, and a RM1,000 bank draft which is payable to SSM. The initial paid up capital of the new company is a minimum of RM1 for each shareholder, and this paid up capital can be increased by the shareholders from time to time.
A limited company in the Malaysian jurisdiction is required under the Companies Act 1965 to have at least one appointed corporate secretary. Moreover, the secretary of the company should be a licensed person under SSM Malaysia or a duly certified member of a professional organization or body.
The process of registering your company can be tedious but this is the initial step to establish a business in Malaysia with all its promising lucrative returns. You can go through the tiring process on your own or you can hire the services at Accounting Services Hub for a hassle-free option. The proper registration of a company in Malaysia also calls for the services of an expert and professional accounting services firm.