FAQs – Formation New Company SDN BHD

1. Who can become a director of Private Limited Company / SDN BHD?

.: A person must be of age 18 years and above

.: A person must not be undischarged Bankrupt

.: A person must not been convicted whether within or without Malaysian of any offence:-

a) in connection with the promotion, formation or management of a corporation;

b) involving fraud or dishonesty punishable on conviction with imprisonment for three or more; or

c) under section 132, 132A  or under section 303, within a period of five years preceding the date of this declaration

.: A person must not been imprisoned to any offence reffered to the above offences within the period of five yeas preceding his appointment

.: At least two director who each has his principal or only place residence within Malaysia

2. Can a foreigner  become a director of a Private Limited Company / SDN BHD?

YES! A foreigner can become a director of any limited company as long as he/she fulfill the requirement Question No.1 above.

3. Who can become a Company Secretary of a Private Limited Company / SDN BHD?

.: A member of MIA (Malaysian Institute of Accountants)

.: Licenses Company Secretary of CCM / SSM (suruhanjaya Syarikat Malaysia) ie Registrar of companies

.: A member of MAICSA (Malaysia Institute of Chartered Secretaries And Administrator)

.: Lawyer practice in Malaysia

4. What are the factors to consider when forming a new company?

.: Is he/she qualified as Company Secretary? Appointing a person who is not qualified as Company Secretary may lead you toward endless trouble in future. Qualified Company Secretary must be a Chartered Accountant – MIA, Chartered Secretary, Lawyer or Licenses Company Secretary.

.: Did he/she have an officer or operate form home?

.: Did he/she offer on time and good services? (Some take a weeks to prepare a resolutions)

.: Pricing secretary fees (retainer fees) per month, unreasonable disbursement charges, advance secretary fee payment for new incorporation etc.

.: Did he/she provide long term support and advice on Company Secretarial matters?

.: Did he/she capable of providing sufficient information and advice on corporate matters?

5. How to know that a person is member of MIA, MAICSA, Lawyer or Licenses Secretary?

.: Check to relevant website

.: Check to relevant authority

6. What are the step to form company SDN BHD?

a) Name Search

– Information required Name & IC No. at least 2 person (directors)

– Doesn’t required signature from directors / shareholder).

– Result in 1 working day.

b) Submission of documentation. Our company do online registration.

– Required signature the directors / shareholder

– Ready in 3 working days

7. What are the documents required for Incorporation of New Company?

a) I/C or Passport Number. Minimum 2 directors required

b) Full name as per I/C or passport

c) Residential address in Malaysia

d) Propose Company Name

e) Nature of business of the Company

f) Portion Share each directors

Click Here to REGISTER

8. What is the charges for Incorporation of New Company?

Kindly refer to our promotions

9. When we will start to process your application for setting up SDN. BHD?

.: We will only process the application for name search upon of the deposit RM 300.00

.: We will only submit the documents for incorporation upon receive the balance of fees

10. Why we have the above collection policies?

.: This is because we have to pay CCM / SSM (Suruhanjaya Syarikat Malaysia, ie Registrar of Companies) RM 1,000 when we submit the documents for incorporation in Step 2. (This is for Authorised Capital of RM 400,000.00).

.: Besides we have to do stamping on the Memorandum & Articles (M&A) before submission and this will cost us RM 200.00

.: We have to order Common Seal, Minute Book, Register Book, Share Certificate Book etc.

.: On top that we already incurred staff cost, printing, traveling etc in preparation all the documents for submission

11. What are the cost of Incorporation of New Company?

Kindly Click Here

12. Term of payments?

Full payment before commencement of works.

13. What about your secretarial fees and charges?

Kindly Click Here for more detail

14. What is SSM / CCM?

CCM / SSM is the short form of the Companies Commission of Malaysia or Suruhanjaya Syarikat Malaysia, its a government body regulate companies and business in Malaysia (http//www.ssm.com.my/) CCM / SSM is not short form of some of the company secretary website which aimed at creating confusion to the public.

15. Can i form a SDN BHD all by myself?

YES, If you are a qualify person to act as the company secretary (refer to answer for questions 3)

SMARTRICH Corporate Services Sdn. Bhd.
(975102-T)
 

HQ

No. 60-LG,

Jalan Setia Perdana BB U13/BB,
Setia Alam,
40170 Shah Alam,
Selangor Darul Ehsan
 

BRANCH

29-3F, FLOOR 3,

Jalan Setia Perdana BA U13/BA,
Setia Alam,
40170 Shah Alam,
Selangor Darul Ehsan
Email :
✉ info@smartrich.my
Phone Number :
☏ Office : 03 - 3359 0996
✆ Phone : 019 - 605 3938
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