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  • Guidelines For Application For Commencement of Business

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    Zaimal Md Jamal
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    This document outlines the guidelines for a public company to apply for commencement of business in Malaysia. It states that a public company must lodge either a prospectus inviting public subscription of shares, a prospectus under the Capital Markets and Services Act 2007, or a statement in lieu of prospectus with the Registrar. It must also submit a statutory declaration of entitlement to commence business and pay the prescribed fee. Upon completing these procedures and submitting the required documents, SSM will issue a notice of commencement within one working day and a certificate upon request and payment of additional fees.

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    3.-Guidelines-For-Application-For-A-Certificate-Of-Commencement-Of-Business

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    This document outlines the guidelines for a public company to apply for commencement of business in Malaysia. It states that a public company must lodge either a prospectus inviting public subscription of shares, a prospectus under the Capital Markets and Services Act 2007, or a statement in lieu of prospectus with the Registrar. It must also submit a statutory declaration of entitlement to commence business and pay the prescribed fee. Upon completing these procedures and submitting the required documents, SSM will issue a notice of commencement within one working day and a certificate upon request and payment of additional fees.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    8 views1 page

    Guidelines For Application For Commencement of Business

    Uploaded by

    Zaimal Md Jamal
    This document outlines the guidelines for a public company to apply for commencement of business in Malaysia. It states that a public company must lodge either a prospectus inviting public subscription of shares, a prospectus under the Capital Markets and Services Act 2007, or a statement in lieu of prospectus with the Registrar. It must also submit a statutory declaration of entitlement to commence business and pay the prescribed fee. Upon completing these procedures and submitting the required documents, SSM will issue a notice of commencement within one working day and a certificate upon request and payment of additional fees.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    GUIDELINES FOR APPLICATION FOR COMMENCEMENT OF

    BUSINESS

    1. Where a public company having a share capital has issued:

    (a) a prospectus inviting the public to subscribe for its shares;

    (b) a prospectus under the Capital Markets and Services Act 2007;
    or

    (c) a statement in lieu of prospectus – Second Schedule (section


    189(1) of the Companies Act 2016,

    the public company shall be entitled to commence any business or exercise


    any borrowing power if these documents are lodged with the Registrar
    accompanied by the following:

    (a) a statutory declaration on entitlement to commence business


    by public company (section 190(3) and (4) of the Companies
    Act 2016); and

    (b) payment of the prescribed fee.

    2. Verification of Commencement of Business

    A notice of commencement of business will be issued within one (i)


    working day by SSM upon compliance with the procedures and
    submission of duly completed documents.

    Certificate of commencement of business would be issued by SSM


    upon request together with the payment of prescribed fee.

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