Application for an Auditor License
Candidates who want an auditor license will
have to go through a series of interviews. An auditor license can only be
issued by the Ministry of Finance Malaysia and applications to be made at the
Accounting and Management Division.
Registration of an Audit Farm
The owner or partner of the firm must be
approved auditors or holders of valid auditor licenses registered with the Ministry of finance Malaysia. The name of the firm has
to be approved by the Malaysia Institute of Accountants (MIA).
Send a completed form together with
approval letters from both MIA and the Ministry of Finance Malaysia. The
registration fees are RM 500.00 for one certified true copy of the document. If
there are any changes in the details of an audit firm, the said firm is responsible
for announcing those changes within one month of the change.
Business name application and procedure
A business name represents a style or topic
that is used to recognize the identity of the business carried out. A business
name can be categorized into 2 types:
Personal name as stated in the identity the card is not required to apply for approval of the business name.
The trade name is the name of the proposed
business and must obtain prior approval from the registrar of business at
Malaysia.
Complete the business name approval form
with three proposed business names. Business names will be approved according
to priority and will attach to the new business registration form at the
counter. The person responsible is either the business owner or partner must submit
the application to counter or through an online website at www.ssm.com.my
A business name should not be
too long more than 50 characters.
The use of numbers, signs, and symbols are
not allowed. Business name registered must be in accordance in accordance with
the type of business. The business name registered cannot be changed or altered
once the business is registered.
Have look: SSM online registration process in Malaysia
Business name to be registered with the
consent of Minister
The business name registration cannot be
without the consent of the minister. Business shall not be registered by a name
which should not contain any word with the Yang di-pertuan Agong, the Raja Permaisuri
Agong or the Ruler of a state or member of the Royal Family or Royal patronage
or federal or state government department, a statutory body, authority, any Asean, commonwealth or other foreign government
or the United Nations or other International organization, any society or body
incorporated by Royal charter or Association, Union, foundation, trust, forces
and offensive to race or religion or any equivalent expressions or offensive
to member of the public. The registrar with the consent of the Minister may restrict
the usage of any other names which in his opinion is undesirable and the
registrar shall cause such names to be published in the Gazette.
Renewal of the Business Registration and
procedure
To renew the business registration
certificate by submitting the application for the renewal of the business. To complete
the application form for the renewal of business registration. One of the owners or
partners will sign the form. A person who submits the application to counter or
through the online website at www.ssm.com.my
The requirement, Registration fees and other
proceedings
Only the owner or partner will submit the
application. Certificate of business registration may be renewed at any time
before the expiry date up to 12 months. To pay fees to give a personal name and identity
card RM 30.00. Registration of trade partnership name RM60.00. Registration of
branches RM 5.00 in each branch. Business information print-out RM10.00
Renewal of business registration can be
made for a period of 1 year and not more than 5 years. Business registration
certificate given within 15 minutes after payment. Any person carry out
business without the renewal registration has committed an offense will be liable
to a fine not exceeding RM50,000 or imprisonment not exceeding 2 years or both.
Termination of Business and procedure
Businesses will be terminated for the following
reasons are cessation of the business, bankruptcy, death of the owner, pursuant
to a court order. Complete the notice of termination for a registered business.
Every owner and partner must sign the form; all submit the application in
counter or through online.
Documents to be attached are business
registered certificate, photocopy of owner or partners identity card, photocopy
of a death certificate, if any owner or partner died, photocopy of a court order.
Registration fees and other proceedings
No fees are needed in termination of business
but for business information print out RM 10.00. Termination to be registered
within 30 days, business not expired is allowed to submit a notice for
termination of a registered business.
Confirmation letter on expiring can be
requested from SSM with a payment of RM 10.00. Result of application given within
15 minutes of after payment. Any person who being responsible for his business
or personal representation or next of kin or remaining partner fails to file a notice of termination will be liable to pay fine not exceeding RM 10,000 and
punishment not exceeding 1 year or both.
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