Management Of Property Companies in Malaysia

In Malaysia, property companies are regulated by the Companies Commission of Malaysia (CCM). The CCM is responsible for the registration and regulation of companies in Malaysia.

Property companies in Malaysia must comply with the Companies Act 1965 and the Companies Regulations 1966. These laws set out the requirements for the registration, operation and management of companies in Malaysia.

Property companies in Malaysia are required to have a minimum paid-up capital of RM2 million. They must also maintain a registered office in Malaysia and appoint a company secretary who is resident in Malaysia.

Property companies in Malaysia are required to prepare financial statements in accordance with the Financial Reporting Standards issued by the Malaysian Accounting Standards Board. These financial statements must be audited by a registered public accountant.

The Companies Commission of Malaysia has the power to investigate the affairs of property companies in Malaysia. It can also impose penalties on companies that breach the Companies Act 1965 or the Companies Regulations 1966.