SSM - Sections 68(3) (ia) & (ib), 576(2) (ha) & (hb) and New Section 612A, e-Advertisement & Purchase Of Limited Liability Partnership (LLP) Products
Suruhanjaya Syarikat Malaysia (SSM) issued the following announcements:
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Effective Date for Sections 68(3) (ia) & (ib), 576(2) (ha) & (hb) and New Section 612A |
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Further to our announcement released on 1 April 2024 relating to the date for the coming into operation of the Companies (Amendments) Act 2024 on 1 April 2024 with the exception of Sections 68(3)(ia) & (ib), 395, 576(2) (ha) & (hb) and New Section 612A of the Companies Act 2016 (the principal Act) , SSM issued a notice on 29 November 2024 relating to the enforcement of the aforesaid Sections on 30 November 2024 with the exception of the revised Section 395 which will come into force in the first quarter of 2025 (Phase Three). Sections 68(3) (ia) & (ib), 576(2) (ha) & (hb) provide the requirement to submit beneficial ownership information in the annual return through the Malaysian Business Reporting System (MBRS) for local and foreign companies. Section 395 of the Companies Act 2016 involves an amendment to extend the application of corporate voluntary arrangements to all companies, including those with charges. Section 612A provides that the SSM website may serve as an alternative platform for advertising information that would otherwise be required to be published in newspapers. Please click here for further details. |
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e-Advertisement |
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Further to the coming into operation of the new Section 612A on 30 November 2024, SSM issued a notice on the introduction of e-Advertisement service, allowing customers to advertise statutory company information on the SSM Portal. How to Apply Language Options Advertisements can be made in Malay, English, or both. Advertisement Display The advertisement of company’s statutory information will be displayed on SSM's Official Portal (www.ssm.com.my). Why Choose e-Advertisement? Please click on the following for further details: |
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Purchase Of Limited Liability Partnership (LLP) Products |
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On 2 December 2024, SSM issued a notice stating that the Limited Liability Partnership (LLP) Products, namely LLP profile, Certificate of LLP Registration, Certificate of Change of LLP Name, Copy of LLP Statutory Document Image, Attestation of LLP Good Standing (ALLPGS) and Certificate of Conversion are now available from the following supply platforms (previously accessible via SSM XCESS Portal) starting from 2 December 2024: Please click on the following for further details: |
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