Debenture Companies in Malaysia

Debenture companies in Malaysia are regulated by the Companies Commission of Malaysia (CCM). The CCM is responsible for the registration and regulation of companies in Malaysia. Debenture companies must comply with the requirements of the Companies Act 1965 and the Companies Regulations 1966.

Debenture companies are required to have a minimum paid-up capital of RM2 million. They must also maintain a minimum paid-up capital of RM1 million at all times. The paid-up capital must be in the form of cash or unencumbered assets.

Debenture companies must have at least two directors who are resident in Malaysia. The directors must be natural persons and must not be less than 18 years of age.

Debenture companies are required to prepare and submit financial statements to the CCM on a quarterly basis. The financial statements must be audited by a registered auditor.

Debenture companies are required to appoint a company secretary who is a natural person and resident in Malaysia. The company secretary must be a member of the Malaysian Institute of Chartered Secretaries and Administrators (MAICSA).

The registered address of a debenture company must be situated in Malaysia. The company must maintain a registered office in Malaysia at all times.

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