Secretarial
Common traits of shadow director
𝐃𝐨 𝐲𝐨𝐮 𝐤𝐧𝐨𝐰 𝐰𝐡𝐚𝐭 𝐢𝐬 𝐜𝐨𝐦𝐦𝐨𝐧 𝐭𝐫𝐚𝐢𝐭𝐬 𝐨𝐟 𝐬𝐡𝐚𝐝𝐨𝐰 𝐝𝐢𝐫𝐞𝐜𝐭𝐨𝐫 𝐮𝐧𝐝𝐞𝐫 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐀𝐜𝐭 𝟐𝟎𝟏𝟔?
Share with us the other common traits of the shadow director in the comment section.
𝐕𝐢𝐬𝐢𝐭 𝐮𝐬 :
𝐓𝐇𝐊 (Account/Payroll, Secretarial & Advisory)
𝐊𝐓𝐏 (Audit, Tax & Advisory)
We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.
who is director under the Company Act 2016
𝐃𝐨 𝐲𝐨𝐮 𝐤𝐧𝐨𝐰 𝐰𝐡𝐨 𝐢𝐬 𝐝𝐢𝐫𝐞𝐜𝐭𝐨𝐫 𝐮𝐧𝐝𝐞𝐫 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐀𝐜𝐭 𝟐𝟎𝟏𝟔?
𝐕𝐢𝐬𝐢𝐭 𝐮𝐬 :
𝐓𝐇𝐊 (Our associate in secretarial & accounting services)
𝐊𝐓𝐏
We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.
What is solvency test in dividend distribution?
𝐊𝐓𝐏
𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)
𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our job platform for interns, graduates & experienced candidates )
𝐓𝐇𝐊 (Our associate in secretarial & accounting services)
Shareholders' defence on excess distribution
𝐕𝐢𝐬𝐢𝐭 𝐮𝐬 :
𝐊𝐓𝐏
𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)
𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our job platform for interns, graduates & experienced candidates )
𝐓𝐇𝐊 (Our associate in secretarial & accounting services)
We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.
Who to recover the excess distribution
𝐕𝐢𝐬𝐢𝐭 𝐮𝐬 :
𝐊𝐓𝐏
𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)
𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our job platform for interns, graduates & experienced candidates )
𝐓𝐇𝐊 (Our associate in secretarial & accounting services)
We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.
Excess Distribution of Dividend
Do you know what is excess distribution in dividend under S 133 (1) of CA 2016?
𝐕𝐢𝐬𝐢𝐭 𝐮𝐬 :
𝐊𝐓𝐏
𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)
𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our job platform for interns, graduates & experienced candidates )
𝐓𝐇𝐊 (Our associate in secretarial & accounting services)
We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.
Impropoer & unlawful in dividend distribution
𝐕𝐢𝐬𝐢𝐭 𝐮𝐬 :
𝐊𝐓𝐏
Solvency Test in Dividend Distribution
𝐕𝐢𝐬𝐢𝐭 𝐮𝐬 :
- Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
- Wisma 𝐓𝐇𝐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
𝐊𝐓𝐏
- Website www.ktp.com.my
- Instagram https://bit.ly/3jZuZuI
- Linkedin https://bit.ly/3sapf4l
- Telegram http://bit.ly/3ptmlpn
𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)
- Tiktok http://bit.ly/3u9LR6Q
- Youtube http://bit.ly/3ppmjyE
- Facebook http://bit.ly/3ateoMz
- Instagram https://bit.ly/3jZpKLo
𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our job platform for interns, graduates & experienced candidates )
- Instagram https://bit.ly/3u2PxHg
- Facebook http://bit.ly/3rPxz9o
𝐓𝐇𝐊 (Our associate in secretarial & accounting services)
- Website www.thks.com.my
- Facebook http://bit.ly/3duvQ5z
We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.
Dividend distribution : Steps
Do you know the steps on dividend distribution under S132 of CA 2016?
𝐕𝐢𝐬𝐢𝐭 𝐮𝐬 :
𝐊𝐓𝐏
𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)
𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our job platform for interns, graduates & experienced candidates )
𝐓𝐇𝐊 (Our associate in secretarial & accounting services)
We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.
Ask Secretarial : The basic requirement on dividend distribution
𝐊𝐓𝐏
𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)
𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our job platform for interns, graduates & experienced candidates )
𝐓𝐇𝐊 (Our associate in secretarial & accounting services)
We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.
Ask Secretarial : Non compliance on dividend distribution
𝐊𝐓𝐏
𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)
𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our job platform for interns, graduates & experienced candidates )
𝐓𝐇𝐊 (Our associate in secretarial & accounting services)
We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.
Update of Extension of SSM Beneficial Ownership (BO) Reporting
Update of Extension of SSM Beneficial Ownership (BO) Reporting
On 17 December 2020, Suruhanjaya Syarikat Malaysia (SSM) announced that the transitional period to report the BO which ends on 31 December 2020 has been extended to a later date to be determined by the registrar.
SSM highlighted the following matters related to the extension of the transitional period as extracted from the FAQ:
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such extension is automatically granted to all companies without further application required;
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such extension is given to allow all companies and company secretaries and/ or compliance officer to
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familiarise with the reporting framework and to take necessary actions in accordance with the guideline; and
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facilitate the concurrent operations of provisions relating to the BO.
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During this extended transitional period, all companies shall
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continue to identify and verify the beneficial owners to ensure the BO information is accurate and up to date;
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ensure the information obtained is kept at the entity’s level;
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ensure the information obtained is accessable promptly; and
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lodge the BO information together with Annual Return.
Warning
Due to the importance of the BO, SSM will conduct inspections during this period to ensure companies comply with the BO reporting requirements. The Registrar has the power to issue guidelines and any person who fails to comply commits a breach where actions can be taken pursuant to Section 20E of the Companies Act, 2016.
For more information, click here:
- SSM Announcement - https://bit.ly/38EtUo9
- SSM FAQ - https://bit.ly/3oJoihV
[MCO 2.0] SSM news @ 12/01/21
[𝐌𝐂𝐎𝟐.𝟎] 𝐒𝐒𝐌 𝐧𝐞𝐰𝐬 @ 𝟏𝟐/𝟏/𝟐𝟏
Key Summary on SSM news @ 12/1/21 :
1. No extension of deadline !
2. No extension of deadline !
3. No extension of deadline !
4. The rest which is @#$%& .. (read yourself)
SSM public announcement @ 12/1/21
SSM service counter will be closed from 13 to 26/01/2021 in 6 state under mco. Other states under cmco and rmco, will operate as usual.
Dropbox service at all SSM office will operate as usual.
SSM encourage to use online service in deal with SSM matter via the link.
Renewal of business registration is available at counter BSN and BKRM
Due to closure of MBRS, lodgment of annual return and audited financial statement can be done via Dropbox or post.
All appointment with SSM during MCO for 6 state to be cancelled. Re-application for appointment is required for slot 27 January 2021 onward, subject to further announcement from time to time.
Source : https://www.ssm.com.my/.../AnnouncementDetails.aspx...
Visit us www.ktp.com.my
Visit us www.thks.com.my
𝐇𝐨𝐰 𝐦𝐮𝐜𝐡 𝐜𝐚𝐧 𝐢 𝐰𝐢𝐧𝐝 𝐮𝐩 𝐦𝐲 𝐝𝐞𝐛𝐭𝐨𝐫 𝐰𝐡
𝐇𝐨𝐰 𝐦𝐮𝐜𝐡 𝐜𝐚𝐧 𝐢 𝐰𝐢𝐧𝐝 𝐮𝐩 𝐦𝐲 𝐝𝐞𝐛𝐭𝐨𝐫 𝐰𝐡𝐨 𝐫𝐞𝐟𝐮𝐬𝐞 𝐭𝐨 𝐩𝐚𝐲 𝐦𝐞?
Inability to pay debt under the Company Act 2016
The amount of indebtedness for the purposes of “𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐭𝐨 𝐩𝐚𝐲 𝐝𝐞𝐛𝐭𝐬” under section 466(1)(a) of the Companies Act 2016 has been increased to an amount exceeding 𝐑𝐌𝟓𝟎,𝟎𝟎𝟎 from 1 January 2021 until 31 March 2021.1
21 day notice served at registered office
During the aforesaid period, a creditor may only commence winding-up proceedings against a debtor company for inability to pay debts under section 466(1)(a) if the debtor company fails to satisfy a debt exceeding RM50,000, or to secure or compound the said sum with the creditor, within 21 days after a notice of demand has been served upon the debtor company at its registered office.
Past threshold of wining up proceeding
The previous threshold is RM10,000 & above of indebtedness.
Visit us www.ktp.com.my
Visit us www.thks.com.my