Responsibility of a Company Secretary in Malaysia

   2019-11-07       51        Business
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The roles and duties of a company secretary in Malaysia square measure outlined by the Malaysian Association of Company Secretaries (MACS)

Company secretaries play crucial roles inside any company in Malaysia. Company secretary’s square measure sometimes assigned necessary responsibilities and far power as a result of their indispensable to the company. Company secretaries are expected to be moral the least bit times attributable to the magnitude of the duties they undertake.

Information regarding Company Secretaries in Malaya

Every company registered as a private limited (Sdn Bhd) company in Malaysia is needed to appoint a company secretary, who is also known as a corporate secretary). The company secretary of a Malaysian company is needed to be a natural person further as a resident of Malaysia. The roles and duties of a company secretary in Malaysia square measure outlined by the Malaysian Association of Company Secretaries (MACS), with whom licenses are governed and controlled by the businesses Commission of Malaya (SSM). All company secretaries in Malaysia should be accredited by the SSM.

The company secretary is additionally to confirm that each one laws and rules further as all national laws governing the company square measure followed. Company secretaries additionally need to attend all board conferences. If such isn't doable, the company secretary is to seek out a representative to attend on their behalf. The company secretary or the company secretary’s representative should not be neglected by the company meeting as a result of if such were to be the case, it might jeopardize the duties and responsibilities of the company secretary with respect to the preparation of resolutions and meeting minutes. A company secretary is in control of all the foremost necessary operations of a company. Therefore, the company secretary should report any issues which can be detected.

Company secretary’s square measure expected to portray expertness and ability the least bit times. They additionally assist in the method of company formation and registration. Those that have set to register a company in Malaysia should have interaction with the services of a company secretary to assist them to complete the company registration method. Company secretaries are expected to stay the administrators adequately au fait regarding the developments of the company. Additionally, they're additionally expected to take care of a good control system that ensures correct maintenance of details connected to statutory registration and therefore the company’s record books.

Responsibility of a Company Secretary in Malaysia FAQs

What is the Malaysian association of company secretaries (MACS)?

MACS is that the primary freelance body that oversees the affairs of all of Malaysia’s company secretaries. It had been established and registered in 1989. People who square measure fellows or full-grade members of MACS could function company secretaries in Malaya.

Why should the company secretaries attend board meetings?

It is imperative that an organization secretary be properly advised of everything that takes place during a company. Abundant data during this regard is expressed throughout a meeting. Therefore, it's necessary for an organization secretary to attend board conferences.

How well the area unit company secretaries in Malaya paid?

Author Signature :


Author name: Md. Forhad Hossain
Founder and Managing Director of S & F Consulting Group since 2012. Expert on Company Secretarial, Company Law, Merger, Income Tax Law, Foreign Direct Investment (FDI) Law, International Trade Law and so on.
Email: fhossain@sfconsultingbd.com
Website: https://www.sfconsultingbd.com
Skype: forhadhossain79
Facebook: https://www.facebook.com/sfconsultingbd/
Twitter: https://twitter.com/sfconsultingbd

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Daniel Mark

S & F CONSULTING FIRM LIMITED is a global business advisory firm, since 2012, it is providing business consultancy including company registration, accounting, tax and audit service for the foreign inv..


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