What is the Companies Commission of Malaysia?

Answer 1

The Companies Commission of Malaysia (Suruhanjaya Syarikat Malaysia or SSM) is a statutory body which regulates companies and businesses. SSM, which came into operation on 16 April 2002, is a statutory body formed as a result of a merger between the Registrar of Companies (ROC) and the Registrar of Businesses (ROB) in Malaysia. The main activity 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. As the leading authority for the improvement of corporate governance, SSM fulfils its function to ensure compliance with business registration and corporate legislation through comprehensive enforcement and monitoring activities to sustain positive developments in the corporate and business sectors of the Nation. SSM is responsible for the administration and enforcement of the following legislation: * Companies Act 1965 (Act 125); * Registration of Businesses Act 1956 (Act 197); * Trust Companies Act 1949 (Act 100); * Kootu Funds (Prohibition) Act 1971 (Act 28); * any subsidiary legislation made under the Acts specified above such as: ** Companies Regulations 1966; and ** Registration of Businesses Rules 1957.

All staff of SSM will continue to work towards change and innovative improvements, possessing an open mind for continued progress and adapting themselves to the change and transformation which are inevitable in the national and global environment in order to maintain strong relationships with their customers. With the commitment of the management team as well as the dedication and continued support of competent SSM staff, SSM has the potential to become an exemplary statutory body of excellence and prominence, on par with international standards. Source: http://www.ssm.com.my/en/main.php