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SSM - Companies Act 2016 / MyCoID 2016  print
Suruhanjaya Syarikat Malaysia (SSM) has announced that the Companies Act 2016 will come into operation in stages, starting from 31 January 2017.

SSM will be launching its new MyCoID 2016 portal to replace the existing portal throughout Malaysia. SSM advised that MyCoID 2016 will be available to all states, just like the current MyCoID and all statutory forms will be made available as soon as possible after approval is obtained from SSM’s Management.

In particular, starting from 31 January 2017, SSM intends to have all incorporation of companies to be applied through the MyCoID 2016 portal. The functions on this new portal will cover:

1. Registration of users;
2. Application for company names;
3. Incorporation of companies limited by shares;
4. Incorporation matters: nomination of the first company secretary, lodgement of the Constitution and e-stamping;
5. Return of allotment of shares; and
6. Change in the Register of Members.

SSM has announced that the intention is to bring most of the provisions of the new Act into force, except for the corporate rescue provisions of corporate voluntary arrangement and judicial management.

Click here for the anouncement from SSM.