Directors’ Obligations After Company Incorporation
1. Registered Office and Business Address
📌 Registered Office
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The company must establish and maintain a registered office to receive notices and official documents from SSM.
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Any change of the registered office address must be notified to SSM within 14 days.
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The company name and company registration number must be displayed at the registered office and on all official documents.
📌 Business Address
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The business address is the place where the company conducts its actual business activities.
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Any change to the business address must be updated and notified to SSM in a timely manner.
2. Appointment of Auditor
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The directors must appoint the Auditor after the company is incorporated.
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The auditor is responsible for examining the company’s financial statements and expressing an opinion on whether they give a true and fair view of the company’s financial position.
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Unless the company qualifies for and is granted a specific exemption, a private limited company is generally required to appoint an auditor.
3. Opening of Company Bank Account
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After incorporation, the company should open a company bank account to conduct business transactions and meet tax obligations.
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Documents usually required to open a bank account include:
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Company incorporation documents
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Directors’ resolution
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Directors’ IC / passport
4. Financial Statements and Annual Compliance
📌Preparation of Financial Statements
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The company must prepare its first set of financial statements within 18 months from the date of incorporation.
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For subsequent financial years, financial statements must be prepared within 6 months after the end of each financial year.
📌Submission to SSM
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The company secretary shall submit the following to SSM:
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Audited financial statements
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Annual Return
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The Annual Return must be submitted within 30 days from the anniversary date of the company’s incorporation.
5. Business Licences and Permits (If Applicable)
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If the company operates in regulated industries (e.g. food and beverage, education, manufacturing, financial services), the directors must apply for and obtain the relevant business licences, permits, or regulatory approvals before commencing operations.
6. Ongoing Compliance Responsibilities of Directors
📌Notification of Changes to SSM
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Any changes to the following must be notified to SSM within the prescribed time:
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Directors or company secretary
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Registered office address
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Share capital or shareholding structure
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Update of BO information if any changes
📝Compliance with the Companies Act and SSM Requirements
Directors are responsible for ensuring that the company operates in compliance with the Companies Act 2016 and related regulations, and for maintaining good corporate governance.
𝐕𝐢𝐬𝐢𝐭 𝐮𝐬
Wisma 𝐓𝐇𝐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
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