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
* Shareholders
The submissions of Annual Returns of a company are mandatory and the most important legal
requirement set by the SSM.
According to the new Company Act 2016 that in force on January 2017, companies are required to
submit the annual return no later than 30 days from the anniversary of the Company incorporation
date.
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.
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 and charges on private limited
companies (Sdn Bhd) and public limited companies (Bhd) for non-compliance. Late or non-
compliance with the requirement for the annual return submission is fined with RM2,000 while non-
submission of the profit and loss accounts or audited financial statements is penalized with a
RM30,000 fine and up to 5 years imprisonment.
An annual return is not an income tax return, and it is exclusive for corporate entities hence it has
different requirements and steps in order to be registered. We are qualified and credible consultant
company to assist in complying to register your business and lodging your annual return.
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