Aside from the big ideas you have to consider when starting a business in Malaysia, there are legal responsibilities you need to prioritise as well. One of the most crucial roles that companies often overlook is the company secretary. Thus, hiring the best corporate secretarial services is not only intended for formality, but it is actually a legal requirement under Malaysian company law.
Why Hire a Company Secretary in Malaysia
1. Legal Requirement
A licensed company secretary needs to be appointed by every Malaysian company within 30 days of incorporation. If you are unable to comply with this law, it can lead to penalties or being struck off.
2. Regulatory Protection
The services offered by Acclime will make sure that your company will file the right documents on time. These include annual returns and resolutions so you can avoid fines or legal trouble.
3. Business Integrity
In addition, they will maintain your statutory registers, update company details with SSM, and ensure directors meet their duties properly.
4. Peace of Mind
Professional services offered by Acclime Malaysia can help your business stay away from costly administrative errors and free up time to focus on business growth.
Why a Company Secretary Is Indispensable
1. They Can Be Held Liable Too
Remember that a company secretary is not just a clerk because they can also be legally accountable. So, in the event that your company will fail to comply with the Companies Act, the secretary may also be fined or face legal consequences. Therefore, expertise and professionalism matter.
2. They Handle More than Annual Returns
A qualified secretary also deals with certain functions that you may not be familiar about. These will include share transfers, changes to directors or shareholders, updating your company constitution, and advising during restructuring or mergers.
3. Digital Secretarial Services Exist
Your company can also take advantage of cloud-based portals where you can access company documents, resolutions, and reminders. This can streamline your compliance without chasing paperwork.
4. They Help Shield You from Costly Mistakes
There are a lot of foreign or first-time business owners who may have unknowingly missed deadlines or used incorrect forms. The role of a good company secretary is to be proactive in managing them to reduce the risk.
5. They Are Essential When Opening Bank Accounts or Dealing with Investors
Banks and investors often request properly maintained company records, resolutions, or director verifications. All these are managed by the company secretary.
Hiring the Best Corporate Secretarial Services
The services provided by Acclime indeed count as fulfilling the legal requirement to appoint a company secretary. This is as long as they can provide a licensed, qualified individual to act in that role.
In Malaysia, a company is legally required to appoint a company secretary who is a licensed professional. This means that they should be a member of a recognised professional body. They should also be appointed within 30 days of company incorporation.
Acclime can provide outsourced company secretarial services, which appoints a qualified company secretary on your behalf. You can let Acclime Malaysia take the stress out of corporate governance. Call us today if you want to talk about how we can handle compliance so you can focus on growing your business.
