When you start your own business, there are a lot of things that you need to make sure you have
covered. Sometimes, one or two important things are missed out because you’re super busy getting
everything working.
These things will include your business strategies, marketing plans, cash flows and budget
projections. However, there are a few things that you might forget and that is your annual statutory
compliance documents for SSM. Some of these documents are compulsory and it might not be your
top priority at the moment but you will need to adhere to the rules as they are bound by legislation.
Failure to comply will result in fines.
As a private limited company or more commonly known as a Sdn Bhd company, you are required by
law to send in multiple documents to SSM at the end of your financial year.
Every private limited company must submit their annual returns for each financial year to the SSM
no later than 30 days from the yearly anniversary of the incorporation date. In this annual return
document, you need to basically notify SSM of your yearly returns and also inform them if there has
been any material changes. Usually a corporate secretary will be there to aid in submission of these
documents.
Failure to comply will render you punishable by the law with a fine not exceeding RM 5000, and a
further fine of not exceeding RM 1000 for each day when the offence continues.
Contact Us
Having any question? In doubt and need clarification. Feel free to contact us through the following
and talk to our professionals:
Email: tannetinfo@gmail.com
Tel: +603-21418909
Wechat:13530066130
WhatsApp: +6019-3090991