In Malaysia, the Annual Return is a document that companies are required to submit to the Companies Commission of Malaysia (SSM) each year. The Annual Return provides updated information about the company, including its directors, shareholders, and other important details.
In Malaysia, companies are required to lodge their Annual Return with the Companies Commission of Malaysia (SSM) within 30 days from their anniversary date, which is the date on which the company was incorporated.
It’s important to note that the Annual Return must be lodged every year, regardless of whether the company has been active or inactive during the year. Failure to lodge the Annual Return on time can result in penalties and other legal consequences.
It’s important for companies to ensure that they lodge their Annual Return on time and provide accurate and up-to-date information to the SSM. By doing so, companies can maintain their good standing with the SSM and avoid penalties and legal consequences.
The Annual Return of a Company having Share Capital is a legal requirement in Malaysia. It is a document that is required to be filed with the Companies Commission of Malaysia (SSM) on an annual basis. The annual return provides a snapshot of the company’s financial position and performance, as well as information about its share capital and shareholders.
It is important for companies to comply with the requirements of Section 68 to avoid potential legal and financial consequences. Failure to comply with the rules and procedures may result in penalties or legal action, and may also negatively impact the company’s reputation and standing in the market.
As the end of our company’s financial year approaches, it is now time to prepare and lodge our annual return with the relevant government agency. To ensure that this process is completed in a timely and efficient manner, I propose that we pass a directors’ circular resolution to authorize the lodgement of our annual return.