Applications must be made by email to eot@ssm.com.my together with the form as set out in Appendix B in SSM’s FAQ. SSM supervisory statement on governance and risk appetite . SSM has increased the moratorium period of 2 weeks to 30 days from the date of expiry of the Movement Control Order (MCO) for all companies and limited liability partnerships to lodge statutory documents. Acts 1. Subsequent to this announcement, the Companies Commission of Malaysia (SSM) on 10.4.2020 granted the following concessions: (a) Moratorium Of Submission Of Statutory Documents SSM has increased the moratorium period of 2 weeks to 30 days from the date of expiry of the Movement Control Order (MCO) for all companies and limited liability partnerships to lodge statutory documents. This measure is meant to help facilitate the settlement of compounds within a specified period. This is an alternative to over the counter transactions. This flexibility is given to companies with financial years ending September 30 to December 31, 2019. This will cause the affected companies to fail to comply with the specified As filing Annual Return is the most important legal requirement, failure to do so is an offence and if convicted, the company and its directors will face penalties under sections 165 and 169 of the Companies Act 1965. Failure to comply will render you punishable by the law with a fine not exceeding RM 5000, and a further fine of not exceeding RM 1000 for each day when the offence continues. Petaling Jaya, Kuala Lumpur, Malaysia. Customers can channel any feedbacks regarding the information, if any, to SSM Contact Centre at enquiry@ssm.com.my after the MCO ends. This exemption is applicable until 31.12.2020. On 6.4.2020, the Government introduced an additional stimulus package amounting to RM 10 billion, which focuses on assisting small and medium sized enterprises (SMEs). ALL RIGHTS RESERVED. The customary application fee of RM100 typically required for companies applying for an extension of time is waived in this instance. KUALA LUMPUR: Beginning November, it will be mandatory for companies to submit their annual statements, unaudited financial statements and Certificate for Exempt Private Company (EPC) to the Companies Commission of Malaysia (SSM) using the Malaysian … SHAH ALAM: The Companies Commission of Malaysia (SSM) has set Feb 7 and Feb 8 as the deadline for the submission of annual returns and annual report for … If any directors need to get SSM … This can be depicted as follows: All IRB offices are closed during the MCO period. The government has extended the submission deadline due to MCO as below:- KUALA LUMPUR (March 16): Companies may opt to conduct their annual general meetings (AGMs) electronically or apply for more time to hold such meetings as the Covid-19 outbreak rages unabated, says the Companies Commission of Malaysia or SSM today.In a statement, it acknowledged that companies will find it challenging to hold their AGMs on a timely basis under the current situation, … CLBGs which have not been approved by the Inland Revenue Board previously may proceed to solicit for monetary donation from the public but are required to make an official application within 30 days after expiry of the MCO. @�t��\}:w(�X^ ��"��{������խs|���9�� 2�����+����+��N�揗z�Ɵ 5. <>/Metadata 192 0 R/ViewerPreferences 193 0 R>> Document 2 : Director’s Report Companies with an Annual Return dated 31 December 2019 and/or Financial Statements for the financial year ending 30 June 2019, are required to lodge such Annual Return and/or Financial Statements by or before 6 February 2020. Is There Any Penalty If We Fail to Lodge Annual Return? Submission of first CP204 (Tax estimation) -only applicable for company with paid-up capital more than RM2.5million 2. NBC Group's services include company registration, company formation, company setup, company secretary, shelf company, setting up new company, company audit, income tax, accounting and book-keeping services. 3. perspective on strategic discussions and demonstrate effective oversight of risk and control functions. Therefore, the form or return that is lodge to SSM after the period stipulated by the law or regulation shall be accompanied by the following late lodgement fees:- Sdn Bhd’s Audit & Tax Extended Deadlines Due to MCOCreated OnApril 12, 2020Last Updated OnApril 29, 2020byYivon Yau< All TopicsUpdates on 28th Apr 2020With the further extension of MCO to 12th May 2020, IRB just published the latest FAQ and filling program. (c) Exemption From Obtaining Approvals For Companies Limited By Guarantee (CLBGs). To encourage this noble cause, SSM has introduced an exemption for certain CLBGs from obtaining approval from the Minister or Registrar of Companies for solicitation of monetary donation from the public to help those affected by the COVID-19 pandemic. What is the extension deadline? It is learnt that SSM has been tightening its monitoring and enforcement by imposing severe penalty for late or non-submission of annual returns and audited accounts. The RMC has been classified as providing essential services and as such, thei… In addition, SSM has received feedback from companies, practitioners and trade associations that companies are unable to prepare and audit the financial statements and reports as a result of the MCO implementation. Lastly, SSM has agreed to extend the compliance period of section 241 of Companies Act 2016 for company secretaries to fulfil their CPE requirements until 31.12.2020, subject to certain terms and conditions as set out in their FAQ. 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