MCO News Updates - SSM
SURUHANJAYA SYARIKAT MALAYSIA (SSM) |
• SSM SERVICE COUNTER OPERATIONS DURING MCO 2.0 Other SSM States / Branch Offices which are under the Conditional Movement Control Order (CMCO) and the Rehabilitation Movement Control Order (RMCO) will be operating as usual. Subject to further announcements by the Government, SSM will resume its operations accordingly. For any inquiries, please contact SSM Call Center at +603-7721 4000 or email to enquiry@ssm.com.my. |
• ACTIVATION OF USER ACCOUNTS VIA EMAIL DURING MCO 2.0 |
• SSM INITIATIVES 2021 |
• FAQS ON BENEFICIAL OWNERSHIP REPORTING FRAMEWORK OF LEGAL PERSONS |
• LODGEMENT OF ANNUAL RETURNS AND FINANCIAL STATEMENTS OVER-THE-COUNTER |
• PRACTICE NOTE (PN6) NO. 6/2019 (REVISED) |
• EXTENSION OF TEMPORARY RELIEF FOR THE PRESCRIPTION OF AMOUNT OF INDEBTEDNESS OF COMPANY UNDER PARAGRAPH 466(1)(A) OF THE COMPANIES ACT 2016 To support the business community during the economic recovery period, the extension of the indebtedness threshold to RM50,000 is necessary to assist companies which are affected by the extended period of the Movement Control Order due the COVID-19 pandemic. Please click at this link to view the new Gazette Notification on the Prescription of Amount of Indebtedness of Company under Paragraph 466(1)(a) of the Companies Act 2016: https://www.ssm.com.my/Pages/Legal_Framework/Document/GN%2021841_KPDNHEP%2030.12.pdf |
• Extension Of Transitional Period For The Guideline For The Reporting Framework For Beneficial Ownership Of Legal Persons During the extended transitional period, companies and limited liability partnerships shall continue to identify and verify the beneficial owners to ensure the beneficial ownership information is accurate and up to date. It is also important that the information kept at the entity's level can be accessed in a timely manner. Please take note that companies are required to lodge the beneficial ownership information together with the annual return. Please click on the following for further details: - |
• Temporary Closure of MBRS System The system is expected to resume its operation on 1/3/2021 or any other dates to be announced later. For further information, please contact SSM Contact Centre at 03-7721 4000 or email at enquiry@ssm.com.my or mbrs.support@ssm.com.my. Please click on the following for further details: |
• Remission of Late Lodgement Fee on Filing Of Company Statutory Documents The late lodgement fee waiver applies to all companies nationwide including those companies from states that are not affected by the implementation of the Conditional Movement Control Order (CMCO) and Restricted Movement Control Order (RMCO). Please click on the following for further details: - |
• Revised Requirements on Mandatory CPE hours for Online Training for the renewal of Practicing Certificate for Company Secretaries Please click here for further details: |
• SSM - Telegram Channel Please click here for further details: I) QR Code Poster |
• SSM - Revised Practice Directive No. 6/2020 The relevant EOT application for the holding of AGM, circulation and lodgment of financial statements can only be made by emailing the application via eot2020@ssm.com not later than 30 September 2020. Please click on the following for further details: |
• Form 5 Registration Guide Please click on the following links for further details: I) Guideline on Registration Form |
• FAQs on Malaysian Business Reporting System (MBRS)
Please click on the following for further details:
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Please be informed that Suruhanjaya Syarikat Malaysia (SSM) had issued a further notice that members of the public are required to make online appointment at least 48 hours should they wish to visit any SSM offices for work purposes https://www.ssm.com.my/Pages/Borang-Temujanji.aspx Members of the public will receive a confirmation email from SSM upon approval of the appointment slot. The confirmation email should be provided as proof when in attendance at the SSM and public are advised to follow strictly the date and time specified in the email.
Please click on the following for further details:
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SSM Counter Operations Open to Public Effective 13 May 2020 Through Appointments Only customers with prior appointments will be allowed to perform transactions at SSM counters throughout the country. To make the appointment, customers need to fill in the Appointment Form available at SSM’s official portal, www.ssm.com.my. Apart from the appointment method, SSM has also introduced alternative methods for customers to submit statutory documents of company via drive through or dropbox and registered post. Customers have to print and fill in the Sender’s Information Form and attach it with the relevant documents for this alternative method. Customers can refer to the FAQs for detailed information on the details of the online appointment and the alternative methods to submit statutory documents in SSM’s official portal, www.ssm.com.my. For further enquiries, please email to enquiry@ssm.com.my. |
SSM Will Resume Its Services at BSN and BKRM Beginning 8 May 2020 |
Malaysian Business Reporting System (MBRS) System Activation For further enquiries, kindly contact:
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MyCoID Account Activation Can Be Done without Having to Be Present at The Counter During MCO |
• Application for Company Information Update |
• Application for Registration of Charges |
• Reactivation of Online System During Movement Control Order (MCO) |
• Reactivation of Ministries, Departments and Federal Government Agencies (KJAKP) Portal |
• FAQs Please click on the following links relating to the SSM FAQs as below:
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• Fully Reactivates Supply of Information All corporate information products involving company and business entities can be accessed through the websites for 24 hours daily. The information on products was updated before the commencement of the Movement Control Period (MCO). Customers can channel any feedbacks regarding the information, if any, to SSM Contact Centre at enquiry@ssm.com.my after the MCO ends. Customer can channel their enquiries on SSM MyData website to 03-2775 9339 and support@mydata-ssm.com.my while customers with feedback on services offered by SSM e-info can channel it to 1300-30-4636, callcenter@ssm-einfo.my |
• Reactivates e-Secretary System to Allow Application of Practicing Certificate to Act as a Company Secretary However, the renewal application module of the practicing certificate is currently being upgraded to accommodate SSM’s recent announcement on the extension of time for company secretaries to comply with the 20 CPE requirements for the first renewal. For further information, please refer to the announcement that was released on 22 March 2020 on the Extension of Time for Renewal of Practicing Certificate to Act as Secretary under Section 241 of the CA2016. SSM will make further announcement on the readiness of the renewal module once the upgrading work is completed. For further enquiry, please channel your feedbacks to SSM Contact Centre at enquiry@ssm.com.my |
• Reactivates Application for the Registration of a Charge Through the MyCoID System However, the registration of charges via the MyCoID system is only applicable for existing users. Registration of new users can only be conducted once the physical SSM counters have been operationalised. For further enquiry, please channel your feedbacks to SSM Contact Centre at enquiry@ssm.com.my. |
• Reactivates Customer Contact Centre However, due to limited number of staff and partners mobility, other customer contact channels will be reactivated in stages from time to time. |
• Seven Initiatives to Ease the Burden of Corporate Sector during Movement Control Order 2) SSM will grant an extension of time (EOT) of three months for companies to lodge their financial statements to SSM. SSM will also waive the application fee of RM100 for companies involved in the EOT. Apart from these two measures, SSM, in line with the Prime Minister’s proposal to ease the burden of the business community, will introduce five other additional initiatives. (Please click the following link for more details) 3) To extend the compliance period of Section 241 of Companies Act 2016 for company secretaries to fulfil their CPE requirements, until December 31, 2020, subject to certain terms and conditions. 4) To increase the value of indebtedness under Section 466 of the Companies Act 2016 from RM10,000 to RM50,000 until December 31, 2020, to reduce taking winding up action against companies. Additionally, companies will also be given a period of six months from the current 21 days, to respond to a notice of demand. 5) To extend the deadline of the “2020 Compliance Campaign of the Companies Act 2016” to June 30, 2020, in which SSM will provide a maximum compound reduction rate of 90 per cent from the original value of the compound for common offences under Companies Act 1965 and Companies Act 2016 for situations where an active company has updated its Annual Returns and Financial Statements; a dormant or inactive company has applied for name revocation under Section 550 of Companies Act 2016 or the company secretary has provided written feedback for the notice under Section 7(11)(b) of the Companies Act 1965. 6) Introduce an exemption from obtaining approval for solicitation of donation from the public to help those affected by the Covid-19 pandemic, by Companies Limited by Guarantee (CLBG). To expedite this noble cause, SSM will grant exemption to CLBGs which have been approved by the Inland Revenue Board Malaysia (IRB) pursuant to subsection 44(6) of the Income Tax Act 1967 (ITA 1967) from applying for the Minister or Registrar’s approval to conduct activities for solicitation of donation from the public for the purpose of Covid-19 pandemic. This exemption is applicable until December 31, 2020. CLBGs which have not been approved by the IRB can also proceed to conduct the solicitation of donation activities from the public but must make an official application within 30 days after the MCO ends. CLBGs that collect donations for the Covid-19 pandemic must keep a record of donations for SSM’s monitoring purposes. 7) To grant EOT for the holding of the Annual General Meeting (AGM) until three months after the MCO ends. However in order to ensure that there is no abuse of the EOT, companies will be required to apply for the EOT to SSM. The companies involved will be exempted from paying the RM100 fee for EOT. (Please click the following link for more details) |
• Activation OF MyCoID Portal The transactions can be performed through this MyCoID Portal as follows; 1. User Registration; Please click here for further details. |