Malaysian Corporate, Commercial, Competition and Consumer Law

SC issues Code of Corporate Governance

The Securities Commission Malaysia (SC) has released the Malaysian Code on Corporate Governance 2012 (MCCG 2012) as the first major deliverable of the Corporate Governance Blueprint 2011 (Blueprint) launched in July last year.

Business Codes

The Inland Revenue Board has issued the latest list of business codes.

Amendments to the Guidelines for the Registration of Venture Capital Corporations and Venture Capital Management Corporations'

The Securities Commission has amended the "Guidelines for the Registration of Venture Capital Corporations and Venture Capital Management Corporations" (VC Guidelines) to extend the applicability of the definition of "corporation" under the guidelines to include any entities established under the laws of Labuan.

SSM announces Deadline for Lodgement of Annual and Financial Statements

SSM has announced that the deadline for lodgement of Annual and Financial Statements without incurring a late fee for companies that have held the AGM on 31 December 2011.

SSM releases Best Business Practice Circular

The Companies Commission (SSM) has released a Best Business Practice Circular on Achieving Corporate Integrity.

SSM Practice Note on Rectification of Documents lodged with the Companies Commission

This Practice Note (No. 13 of 2011 of Companies Commission of Malaysia) serves to clarify the circumstances and procedures in which documents that have been lodged and registered with the Companies Commission of Malaysia (SSM) may be rectified.

SC releases Eligibility Requirements for Private Retirement Scheme Providers

The Securities Commission Malaysia (SC) has finalised the eligibility requirements for private retirement scheme (PRS) providers and eligible firms can now make submissions to be approved as PRS providers.

IRB Public Ruling on Tax Treatment of a Co-Operative Society

Inland Revenue Board Malaysia has issued a public ruling (IRB Public Ruling No. 9/2011) on tax treatment of a co-operative society registered in Malaysia.

SC invites Comments on Independent Chairman and Poll Voting

The Securities Commission Malaysia (SC) has published a consultation paper seeking public feedback on independent chairman and poll voting.

SSM issues Compliance Programme to encourage Timely Submission of Annual Return and Audited Financial Statements

The Companies Commission of Malaysia (SSM) has on 17 October 2011, issued Practice Note No. 12 (PN 12/2011) "Compliance Programme to Encourage Timely Submission of Annual Return and Audited Financial Statements".