Guidelines Doing Business in Malaysia- Part 3(Termination & Renewal)

TERMINATION OF BUSINESS Businesses may be terminated for the following reasons: i. Cessation of the business; ii. Being an undischarged bankrupt; iii. Death of the owner; iv. Carrying out unlawful activities or activities which are prejudicial to national security, public order or morality; or v. Pursuant to a Court Order. Procedure i. Form C (Notification of Termination of Registered Business) should include the following details: a. The date of termination; and b. Reason(s) of terminating the business. ii. Every business owner must sign the completed Form C. Requirement i. Attach Form C with the following documents: a. Certificate of Business Registration; b. Copy of Court Order if the termination has been ordered by Court; or c. Copy of Death Certificate (if applicable); or d. Enclose relevant documents if the owner has become bankrupt. ii. File Form C within 30 days from the date of termination of the business; iii. File notice of termination as a result of death within 4 months from the date of demise; and iv. The next of kin should file a termination notice if a sole proprietorship is terminated upon the demise of the owner. In a partnership, the other partners or the next of kin can file the notice on behalf of the deceased. Registration Fee No fee is imposed for registration termination of business. General Guide Submit application for registration personally to the nearest SSM office or send by post. RENEWAL OF BUSINESS REGISTRATION Procedure Form A1 (Application for Renewal of Registration) should include the following details: i. Information regarding the business; ii. Status of the business; iii. Change in the registered nature of the business (if any); and iv. The owner or one of the partners must sign Form A1. Requirement Application should be made within 30 days before the date of expiry of the registration. Registration Fee

• Sole proprietorship (personal name as in identity card) – RM 30.00
• Sole proprietorship and partnership using trade name – RM 60.00
• Registration of branch(s) – RM 5.00 each branch

General Guide

i. Submit application for renewal of Certificate of Registration personally to the nearest SSM office or send by post.

ii. Renewal of Certificate of Registration can be made at any computerized post office subject to the following conditions:

a. Application should be made within 30 days before the date of expiry of the registration;

b. The business does not have more than 5 branches;

c. No outstanding compounds;

d. The business and its owner(s) are not blacklisted; and

e. A copy of the existing Certificate of Registration is attached together with the application.

iii. An application to renew the Certificate of Registration can be made for a period of 1 to 5 years.

Source: http://www.ssm.com.my/ Companies Commission of Malaysia