Your question: What does a company secretary do in Malaysia?

Under Malaysian law, a company secretary is responsible for ensuring that legal and standard business protocols are being implemented and that the organization is in compliance with legal guidelines and local rules and regulations. Most of these legislations are stated in the Companies Act 1965.

What is the duty of Company Secretary?

A Company Secretary is responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented.

Is Company Secretary mandatory in Malaysia?

As a mandatory requirement by the Companies Act 2016, the Company Secretary is a vital role and holds varying duties and responsibilities. Malaysia company incorporation requirements outlined in the Companies Act 2016 states that every company must have at least one Company Secretary.

Can a lawyer become company secretary?

(8) No Advocate and Solicitor is permitted to merely supervise a company secretarial firm, unless his/her law firm handles the secretarial work and secretarial fees are paid directly to the law firm.

Does every company needs a company secretary?

Company secretaries

You do not need a company secretary for a private limited company. Some companies use them to take on some of the director’s responsibilities. The company secretary can be a director but cannot be: the company’s auditor.

Can MIA member become company secretary?

Companies Act 1965, allows MIA members to act/practise as Company Secretaries without further registration. Eligible to apply to the Ministry of Finance (MOF) for approval as a company auditor and liquidator as per MOF’s requirements.

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Why do we need secretary?

Ensuring meetings are effectively organised and minuted. Maintaining effective records and administration. Upholding the legal requirements of governing documents, charity law, company law etc (where relevant). Communication and correspondence.

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