6 common mistakes of Sdn Bhd under Companies Act 2016
1. Section 30 (1) :
The company does not display the company's name and registration number at the places where the business is carried on (signboard)
2. Section 30 (2) :
The company does not specify the name and registration number on all business documentation and correspondence.
3. Section 68 (1):
The company fails to lodge the yearly annual return within 30 days from the anniversary date of incorporation.
4. Section 248 (1):
Directors fail to prepare financial statements within
(a) 18 months from the incorporation date;
(b) 6 months from the subsequent financial year end.
5. Section 258 (1) (a):
Failure to circulate the financial statements within 6 months from financial year end.
6. Section 259 (1) (a):
The company fails to lodge yearly financial statements within 30 days from the circulation date.
Non-compliance with any of the above sections is subject to penalty.
Penalty ….to be revealed in the next posting
Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
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Published : 7-Nov-2022