To Carry On Business Related With Consultant Companies in Malaysia

The Companies Commission of Malaysia (SSM) would like to remind business entities that are planning to engage in business activities with consultant companies in Malaysia to take note of the following:

1. Business entities are reminded to carry out due diligence on the consultant companies before engaging in any business dealings with them. This includes verifying the registration status of the company with SSM, as well as checking for any complaints or disciplinary actions against the company or its directors.

2. Business entities are advised to obtain a copy of the company’s engagement letter which should include, among others, the scope of work, fees and timeline for the project.

3. Business entities should keep proper documentation of all transactions carried out with the consultant company.

4. In the event that the business entity is not satisfied with the services provided by the consultant company, a complaint can be lodged with SSM.