MALAYSIA

MOHAMMED NIHAL
18382035
 COUNTRY PROFILE

 Capital : Kuala Lumpur

 Official language: Malay
 Independence: 31 August 1957
 Prime Minister: Mahathir Bin Mohamad
 Population: 33 million
 GDP per Capita: 9945USD
 Ease of doing Business : 15th Rank
 Currency :Malaysian ringgit (INR-17.35)
 EXPORTS AND IMPORTS

EXPORTS IMPORTS
Electronic equipment. Electrical machineries
Wood products. Mineral Oils.
Palm oil. Plastics
Rubber. Medical apparatus
Textiles. Vehicles
Chemicals. Iron, Steel
Relation between India and Malaysia
 Malaysia is the 19th largest investor in India with cumulative FDI inflow valued at
USD618.37
 Indian industrial, IT and healthcare companies are also investing in Malaysia
And with around 150,000 Indians skilled and semi-skilled workers been
employed in the country in the sectors of IT, manufacturing and banking.
 In 2017, India and Malaysia signed a new business deal amounting to U$36
billion with the exchange of 31 business MoUs: the largest in the history of
economic relations between the two countries.
 COMPANIES COMMISSION OF
MALAYSIA(SSM)
 SSM is a statutory body formed under an Act of Parliament that regulates
corporate and business affairs in Malaysia.
 SSM is formed in 2002 under the Companies Commission of Malaysia Act
2001,assuming the functions of Registrar of the companies and Registry of
Business.
 INCORPORATION OF LOCAL COMPANY
 There are 3 types of companies that can be incorporated under companies Act 1965:
1. A Company limited by shares
2. An Unlimited Company
3. A Company limited by guarantee.

Company limited by shares

 It can be incorporated as a Private or a Public Company . The requirement for a
company are
• Minimum of two subscribers to the shares of the company
• Minimum of two directors
• A company secretary who can be either
a) An individual who is a member of a professional body prescribed by the Minister of
Domestic Trade and Consumer Affairs; or
b) An individual licensed by Companies Commission of Malaysia(SSM)
Incorporation procedures:
1. Name search with SSM and Application for name
2. Lodgment of Incorporation Documents

Incorporation Documents to be Lodged

1. Memorandum and Articles of Association
2. Form 48 A(Statutory declaration by a director)
3. Form 6( Declaration of Compliance)
4. Additional documents:
• Original form of 13A
• A copy of the letter from SSM approving the name of the Company.
• A copy of identity card of each director and company secretary
Registration of a Foreign company
1. Incorporating a local company with SSM
2. Registering the foreign company in Malaysia with SSM

Registration of Procedures:
• Name search with SSM and Application For Name.
• Lodgment of Registration Documents.

Registration Documents:
• A certified copy of certification of incorporation of the foreign company
• A certified copy of the foreign company’s Memorandum and Articles of Association.
• Form 79 (Return By Foreign company giving particulars of Directors)
• Form 80 (Statutory declaration by agent of Foreign Company
• A copy of letter from SSM approving the name of the Foreign company