Things to Consider When Registering a Private Limited Company (Sdn. Bhd.)

When establishing a Private Limited Company (Sdn. Bhd.), you must be aware of financial reporting obligations, costs, responsibilities, and procedures.
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1 Financial Reporting & Fees
Your company is required to submit the following reports:

Annual Return – A yearly report to SSM detailing your company’s structure and status.

Audit / Audit Exemption –
• Audited Financial Statements are required unless you qualify for an audit exemption (e.g., dormant or small companies).

Form E – Employer's tax return declaration (mandatory if you have employees).

Form C – Corporate income tax return submission to LHDN.

Form CP204 – Estimate of tax payable, which must be submitted within three months from the start of your financial year.
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2 Responsibilities & Procedures 

After company registration, directors must be aware of their responsibilities to avoid legal risks!

Understand if Your Company Qualifies as a Private Exempt Company
• If a company meets certain criteria, it may be exempt from audits.

Directors' Responsibilities
• Ensure the company complies with Malaysia's Companies Act 2016.
• Maintain proper financial records.
• Submit statutory filings on time.
• Avoid fraudulent or negligent actions, as directors can be held personally liable in certain cases.

Directors' Resolutions
• Certain company decisions require formal resolutions, such as appointing auditors, issuing shares, or approving major transactions.

Closing a Company (Winding Up)
• If you plan to deregister or wind up the company, proper legal procedures must be followed.
• Failure to close a company properly may result in legal and financial consequences for directors.
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Key Takeaway: Running an Sdn. Bhd. involves legal, financial, and operational responsibilities. Understanding your obligations ensures compliance and avoids penalties.

Sdn. Bhd. 

• Annual return
• Audit / Audit Exemption
• Form E
• Form C
• Form CP204

Private Exempt CompanyDirectorDirectors Resolution