Corporate Services

Doing business in the new era

Regardless of industry and size, we are seeing increasingly stringent regulations and tighter controls imposed by regulators globally, with the most recent one being the Beneficial Ownership. And as technology becomes progressively embedded into the way we work, we are seeing more challenges and risks associated with virtual meetings, data storage and workflow management.

But how are these being managed effectively? What does this mean for businesses, as their focus extends beyond compliance obligations to include corporate governance, sustainability and managing risks?

Board of directors now play a more critical role in legal entity management to optimise stakeholder expectations. Their expanding responsibilities may mean that you’ll need support in the set up of a business, managing transactions, providing board support, governance protocols and advisors to the board for effective entity management.

We can help

From entity creation and management to dissolution, we offer a full range of services delivered by a team of experienced company secretaries and governance individuals, so that you can focus on strategic decisions with peace of mind. Using our in-house digital platform, we’re able to integrate our services to support the full life cycle in entity management (including transactions, governance and compliance) for a better and smoother experience.

Our services include:

Setting up
Entity Management
Governance
Licenses

Setting up

We offer a full range of the following:

advisory services on the different types of establishment in Malaysia
incorporation of entities
registration of foreign companies/branches
application for representative/regional office

Entity Management

Compliance
- advisory on compliance obligations
- annual board/shareholder approvals
- board/shareholders meetings
- annual return
- provision of registered office
- maintenance of statutory records
Transactions
- changes to capital/ownership
- changes to directors, officers, registered office, constitution, company name
- dividend declaration
- corporate restructuring
Dissolution
- striking off
- winding up/liquidation
- cessation of foreign branch

Governance

Legal entity health check
Directors’ training
Board support
Policy implementation

Licenses

General license
- business premise
- signboard license
Industry-specific licenses
- wholesale, retail and trade
- construction
- manufacturing

Highlights

Beneficial Ownership - Reporting Framework and Transitional Period

Regulators have joined hands globally, in embedding Beneficial Ownership (BO) reporting as part of mandatory regulations. With the introduction of BO in the Malaysian Companies Act 2016, have you ensured that your internal regulations govern such reporting?

Putting in place a robust reporting and maintenance policy can help ensure compliance when the new regulation is enforced.

Entity Health Checks

How comfortable are you with your entity’s statutory compliance under the Malaysian Companies Act 2016? Or acquiring a new business but unsure of its compliance status? We can help in conducting a due diligence on an entity’s record which summarises its compliance status from various risks perspectives and propose remedial actions where required.

Under the Malaysian Companies Act 2016, hefty penalties with imprisonment provisions may be imposed by the Regulator on the Company and Officers for breach of compliance.

Governing in the new norm

The pandemic has resulted in changes to governance practices, which amongst others include:

Directors’ risk and responsibilities
Remote board
Technology

Speak to us to find out more.

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