Or Otherwise Companies in Malaysia

Companies in Malaysia are required to comply with the Companies Act 2016, which sets out the rules and regulations governing the incorporation and operation of companies in Malaysia. The Companies Act 2016 is administered by the Companies Commission of Malaysia (CCM), which is the statutory body responsible for the regulation of companies in Malaysia.

Under the Companies Act 2016, all companies incorporated in Malaysia must have a registered office in Malaysia, and must maintain a register of members at that office. The register of members must be open for inspection by any member of the public during business hours.

Companies in Malaysia are also required to prepare and file annual financial statements with the CCM. These financial statements must be audited by a registered auditor, and must be filed within 30 days from the date of the company's annual general meeting.

The Companies Act 2016 requires companies to appoint at least two directors, who must be natural persons of at least 18 years of age. At least one of the directors must be a resident in Malaysia. Directors of companies are responsible for the management of the company, and must act in good faith in the best interests of the company.

Under the Companies Act 2016, companies are required to hold an annual general meeting (AGM) within 18 months of the