Reminder on Lodgement of Audited Financial Statement
Pursuant to Section 259(1) of the Companies Act 2016, every company is required to lodge its audited financial statements and reports with the Companies Commission of Malaysia (SSM) for each financial year.
- Private companies must lodge within 30 days from the circulation of the financial statements and reports to its members under Section 258.
- Public companies must lodge within 30 days from its annual general meeting.
- All amounts in the financial statements and reports lodged with SSM must be quoted in Ringgit Malaysia and prepared in the national language or English language.
A company may apply for an extension of time to lodge with SSM before the expiry of the prescribed period, subject to SSM’s approval.
Please be advised that under Section 259(3), any officer who contravenes this requirement commits an offence and, upon conviction, is liable to a fine not exceeding RM50,000 and, in the case of a continuing offence, to a further fine not exceeding RM1,000 for each day the offence continues after conviction.