Chartered Secretaries Malaysia (MAICSA)

Updated: 16 Dec 2024

SSM Announcements

On 1 April 2024, Suruhanjaya Syarikat Malaysia (SSM) issued the following:

1.	Practice Note No. 6/2024
SSM issued Practice Note No. 6/2024 (PN 6/2024) on the approval notification as an approved liquidator under subsection 433(4D) of the Companies Act 2016 (CA2016) and revised Circular 1/2020 relating to Guidance Notes on the registration of firms of liquidators and notification on the approval as an approved liquidator. Please click on the following for further details: PN 6/2024 Form section 433(4D) & (4E) Revised Circular No. 1/2020 Comparative Summary on Revised Circular No. 1/2020
2.	Guidelines For A Firm of Auditors
SSM issued Guidelines for a firm of auditors pursuant to subsection 264(4A) of the CA2016 (Guidelines) to provide clarifications on the exception to subparagraph 264(1)(c)(iii), which prohibits a person who knowingly consented to be appointed to act as an auditor for any company and prepare any report required under the CA 2016, if he or his spouse is an officer of the company. Pursuant to subsection 264(4A) of the CA 2016, a partner of a firm of auditors (the firm) shall not be disqualified merely because of his or her spouse is an officer of a company in which the firm of auditors has been appointed as auditors. Please click on the following for further details: Guidelines FAQs Section 264(4A) Form Particulars of Declaration by the firm of Auditors
3.	Launched of e–BOS and Revised Guidelines for The Reporting Framework for Beneficial Ownership of Companies
SSM issued a Media Release on the launched of a new system called Electronic Beneficial Ownership System (e-BOS) for the submission of the company's beneficial ownership information, and issued the new Guidelines for the reporting framework for the beneficial ownership of companies, which superseded the ‘Guideline for the Reporting Framework for Beneficial Ownership of Legal Persons’ issued on 1 March 2020 and 17 December 2020. The e-BOS can be accessed via ssm4u.com.my Please click on the following for further details: Media Release on e-BOS (English) Media Release on e – BOS (BM) Revised Guideline FAQs Beneficial Ownership (English) and MAICSA Guide to Update Verified Professional FAQs Beneficial Ownership (Operation BM) Case Studies and Illustrations Of The Guidelines Usual Manual e-BOS E-BOS Comparative Summary
4.	Guidelines For the Adjudication of Proof of Debts Under Section 369B Of the CA 2016 And Other Related Matters
SSM issued Guidelines for the Adjudication of Proof of Debts under Section 369B of the CA 2016 and other related matters (Guidelines) which served as a guide for the adjudication of proof of debts pursuant to section 369B of the CA 2016 [Act 777] and other related matters. Please click here for the Guidelines.
5.	FAQs On the Companies Act (Amendment) 2024 [Act A1701]
SSM issued frequently asked questions (FAQs) relating to the Companies Act (Amendments) 2024 which took effect on 1 April 2024. Please click here for the FAQs.

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