Annual Return Form Submission to SSM Malaysia
What Is Annual Return?
In general, an annual return is a snapshot of basic information about a company. In details, an annual return will include the following information:
- Registered office address
- Business office address
- Branch office address (if any)
- Principal business activities
- Total authorised capital registered
- Total paid-up capital
- Charges registered with SSM (i.e. company assets pledged)
- Company directors
- Appointed company secretary
Why Do We Submit Annual Return?
The submissions of Annual Returns of a company are mandatory and the most important legal requirement set by the SSM.
When Do We Submit Annual Return?
Companies with anniversary of incorporation in January 2017, however, are not required to submit the Annual Return in 2017 because the Companies Act 2016 has yet to take effect. Hence, the companies’ first submission of Annual Return in compliance with the new Act will only happen in 2018.
Is There Any Penalty If We Fail to Lodge Annual Return?
As filing Annual Return is the most important legal requirement, failure to do so is an offence and if convicted, the company and its directors will face penalties under sections 165 and 169 of the Companies Act 1965.
If you are unsure of the procedure of how to lodge the Annual Return, feel free to contact us for more assistance!