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The Company Secretary has the responsibility to ensure the company is compliant with legislation as in Companies Act. He or she acts as the official liaison party for the company to communicate, prepare, and submit Statutory Returns with the Suruhanjaya Syarikat Malaysia (SSM).
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The company secretary is an essential member of the company’s management, and it is a legal requirement that a secretary be appointed after the company’s incorporation. This guide will elaborate on the roles and duties of a company secretary in Malaysia.
Persatuan Setiausaha Syarikat Malaysia (Malaysian Association of Company Secretaries) or more commonly known as MACS is an independent, self-regulating local professional body established and registered under the Societies Act 1966 on the 30th November 1989 and is an Approved Body under Fourth Schedule of the Companies Act, 2016.
May 22, 2023 · Your Company Secretary in Malaysia plays a key role in maintaining smooth operation and legal compliance of the organisation. They shoulder a range of responsibilities, which we’ll split into main responsibilities and additional duties. 6 main responsibilities of a CoSec. 1. Advising directors on corporate governance.
Roles and Duties. The company secretary should be aware of the following: The company secretary should familiarize himself with the provisions of the Memorandum and Articles of Association of the company. The company secretary should be well versed with securities laws and regulations.
List of Registered Secretaries . Section 241 of the Companies Act 2016 has come into operation on 15 of March 2019 which requires any person who are qualified to act as a secretary to register with SSM and obtain Practicing Certificate before he can act as a company secretary.
A Company Secretary, often referred to as a Corporate Secretary, plays a vital role in a company’s administrative procedures. They primarily work in the corporate sector but can also be found in public agencies and nonprofit organizations.
Procedures to Apply for Company Secretary License The following documents are required to be lodged to Companies Commission of Malaysia (SSM): Application form for Company S ecretary's Licence . Photocopy of NRIC / identity card; Recent passport size photograph;
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