Companies Commission of Malaysia

The Companies Commission of Malaysia ( Suruhanjaya Syarikat Malaysia Mal. ) ( SSM) is the national Malay commercial register and is responsible for the creation and deletion of forms of society by Malaysian law and the registration of foreign companies in Malaysia. It is as a corporation under public law ( statutory body) organized and differs from commercial registers of other countries that exist as a court or administrative authority.

History

The Commercial Register was established in 2002 as a result of the Companies Commission of Malaysia Act 2001. With this foundation, two registers Börden, the Registry of Business for partnerships and the Registry of Companies were disbanded for corporations and transferred the responsibilities to the newly created organization.

Organization

The head office is located in Kuala Lumpur, while in each Malay state of at least one branch is present. Organizationally leads the Ministry of Domestic Trade, Co -operatives and Consumerism overseeing the commercial register, since according to the law, the Minister appoints the Board of Directors ( Commission). The Board is headed by the Chief Executive Officer, the two directors are beige represents. Reporting directly to the CEO are the internal audit and the Training Academy, while the commercial register breaks down into three sections:

• Surgery deals with the formation, dissolution and bankruptcy of companies.
• Service is responsible for the administration of the Commercial Register, staff management and the budget.
• Enforcement carries out external audits and inspections.