Frequently Asked Question
What is the information of the manager I can change?
The Malaysian Company Act 2016 outlines the various information that a manager of a company must disclose to the company. This includes particulars of their identity, as well as their appointment and resignation. A manager must also disclose any interests they may have in the company, and any other companies with which they are associated. Furthermore, a manager is obliged to keep shareholders informed of significant changes within the company, including changes in its management or ownership structure.
How long does it take to update information about a manager?
According to the Malaysian Company Act 2016, a director or other key managerial personnel must update their information within fourteen days of any changes. This includes changes to their name, age, citizenship, contact details, and residential address.
Is there any penalty if information of a manager is not updated?
Yes, there can be penalties if a company does not update its register of managers. According to the Malaysian Company Act 2016, a company must keep a register of its managers which must be updated within 30 days of any changes. If a manager is not listed on the register or the register is not updated, the company and every officer of the company who is responsible for that contravention shall each be liable to a fine of RM2,000.
What is the fee to update the information of a manager?
Under the Malaysian Company Act 2016, there is a fee of RM 100.00 to update the particulars of a company’s manager in the company’s register of members. This fee must be paid to the Registrar of Companies within 30 days from the date on which the change in particulars takes effect. If you are unsure whether or not you need to update your company’s information, please contact OneCompany for advice.
How to update the information of a manager of a company?
To update the information of a manager, you will need to file a notice of change with the Registrar of Companies. This notice must include the new particulars of the manager, as well as the date on which the change took effect. The fee for updating a company’s register of managers is RM 100.00. Once the notice of change is received, the Registrar of Companies will update the company’s records.