Things to Consider When Registering a Private Limited Company (Sdn. Bhd.) 注册私人有限公司（Sdn. Bhd.）需要注意的事项
Things to Consider When Registering a Private Limited Company (Sdn. Bhd.) 注册私人有限公司（Sdn. Bhd.）需要注意的事项
Things to Consider When Registering a Private Limited Company (Sdn. Bhd.)
When establishing a Private Limited Company (Sdn. Bhd.), you must be aware of financial reporting obligations, costs, responsibilities, and procedures.
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1️⃣ Financial Reporting & Fees 📊💰
Your company is required to submit the following reports:
📌 Annual Return – A yearly report to SSM detailing your company’s structure and status.
📌 Audit / Audit Exemption –
• Audited Financial Statements are required unless you qualify for an audit exemption (e.g., dormant or small companies).
📌 Form E – Employer's tax return declaration (mandatory if you have employees).
📌 Form C – Corporate income tax return submission to LHDN.
📌 Form CP204 – Estimate of tax payable, which must be submitted within three months from the start of your financial year.
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2️⃣ Responsibilities & Procedures ⚖️📑
After company registration, directors must be aware of their responsibilities to avoid legal risks!
✅ Understand if Your Company Qualifies as a Private Exempt Company
• If a company meets certain criteria, it may be exempt from audits.
✅ Directors' Responsibilities
• Ensure the company complies with Malaysia's Companies Act 2016.
• Maintain proper financial records.
• Submit statutory filings on time.
• Avoid fraudulent or negligent actions, as directors can be held personally liable in certain cases.
✅ Directors' Resolutions
• Certain company decisions require formal resolutions, such as appointing auditors, issuing shares, or approving major transactions.
✅ Closing a Company (Winding Up)
• If you plan to deregister or wind up the company, proper legal procedures must be followed.
• Failure to close a company properly may result in legal and financial consequences for directors.
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📌 Key Takeaway: Running an Sdn. Bhd. involves legal, financial, and operational responsibilities. Understanding your obligations ensures compliance and avoids penalties.
Malaysia
