Guide to Change Company Secretary for Foreign-Owned Sdn Bhd Company
There are a few reasons for you to change your company secretary of your Sdn Bhd Company. The company secretary is a company officer appointed by the Board of Directors via board meeting or merely through passing a board resolution. As such, the Board of Directors of the Company is empowered to appoint or remove a company secretary of the company.
For resignation of the company secretary is normally requested by the Board to tender his/her resignation as company secretary and the Board will then appoint a new company secretary in place of the existing one.
Here are four (4) main reasons often we received from the foreigners who like to perform the change.
Reasons to change a Company Secretary
- Service level expectancy
- Communication problem due to the different culture and time difference
- Lack of knowledge to manage foreign-owned companies
- Not a one-stop center to meet your needs for easy management
The documents to be prepared for the change of Company Secretary for Director’s execution is as follows:
- Form 49
- Form 44
- Board resolution for change of secretary & registered office
In order to effectively change the company secretary, you should find a qualified and suitable company secretary and inform him/her of the appointment as the new company secretary to your company.
Steps to change Company Secretary
Switching a company secretary to another for Sdn Bhd Company is an easy and hassle-free process. Here’s the process entails for the change:
- Upon received of basic information from you, we will review the compliance status of your firm for the current and previous financial years tax status.
- Based on your needs and service level, we will prepare a quotation for your payment.
- We will contact your company secretary with your authorization to prepare all necessary documents and perform the transition seamlessly.
- Once our due diligence is complete, we will arrange to collect your statutory files from your previous company secretary.
- We will prepare and file all the necessary documents to lodge with the relevant government regulatory agencies and SSM Malaysia to inform them of the change of the service provider.
Feel free to contact us by sending us an email contact@malaysiabizadvisory.com, should you need further information on this. Due diligence will be performed to ascertain the possibility and smooth change of Company Secretary for your Sdn Bhd Company.