The Companies Commission of Malaysia (Malay: Suruhanjaya Syarikat Malaysia, abbreviated SSM), is a statutory body formed under an Act of Parliament that regulates corporate and business affairs in Malaysia. The SSM was formed in 2002 under the Companies Commission of Malaysia Act 2001, assuming the functions of the Registrar of Companies and Registry of Business. The main purpose of SSM is to serve as an agency to incorporate companies and register businesses as well as to provide company and business information to the public.
SSM is a department under The Ministry of Domestic Trade and Consumer Affairs.
FAQ ABOUT SSM
What are the law and legislation used by SSM ?
Companies Act 2016, Interest Schemes Act 2016, Registration of Businesses Act 1956 [Act 197] (as at 1 June 2017) Register of Business, Limited Partnership Act & Trust Companies Act 1949
Here are some of SSM’s responsibilities:
1. Ensure that the provisions of the Companies Commission of Malaysia Act and laws are administered, enforced, given effect to, carried out and complied with;
2. To act as agent of the Government and provide services in administering, collecting and enforcing payment of prescribed fees or any other charges under the laws administered;
3. To regulate matters relating to corporations, companies and businesses in relation to laws administrated;
4. To encourage and promote proper conduct amongst directors, secretaries, managers and other officers of a corporation, self-regulated corporations, companies, businesses, industry groups and professional bodies in the corporate sector in order to ensure that all corporate and business activities are conducted in accordance with established norms of good corporate governance;
5. To enhance and promote the supply of corporate information under any of the laws administrated, and create and develop a facility whereby any corporate information received by the Companies Commission may be analysed and supplied to the public;