Carry Out Companies in Malaysia

Carry out companies in Malaysia are required to comply with the Companies Act 1965 and the Companies Commission of Malaysia (CCM) regulations. They are also subject to the Business Licensing Act and the Business Premises Act.

Carry out companies in Malaysia are required to have a minimum paid-up capital of RM2,000 and a maximum of 50 shareholders. They must also appoint a company secretary within one month of incorporation.

Carry out companies are not allowed to engage in business activities that are restricted or prohibited by the Malaysian government. These activities include but are not limited to:

-Banking

-Insurance

-Investment holding

-Property development

-Stockbroking

-Underwriting

Carry out companies are required to maintain proper accounting records and submit annual financial statements to the CCM. They are also required to hold an Annual General Meeting (AGM) within 18 months of incorporation and at least once every calendar year thereafter.