Thursday, November 07, 2019

Role and Duties of Company Secretary in Malaysia


Role and Duties of Company Secretary in Malaysia

It's past days when the company secretary is given a light-duty and is seen as an underdog in the company. Today, secretaries have been delegated with greater responsibility and more power because they are seen as the heart of the company. That said, company secretaries are expected to be ethical at all times because of the magnitude of the tasks they do.

What is the company secretary responsible for?

Every company registered as Private Limited (Sdn Bhd.) It is required to appoint a corporate secretary. This is not your general employee in the corporate secretary (also called corporate secretary). The role and duties of a company secretary in the Secretary's Association are regulated by the Malaysian company commission.

The following are some of the responsibilities of the company secretary.

Professionalism and the ability
The Secretary of the Company is expected to show professional skills and skills while following their duties and they should be licensed by the SSM.

Company Formation and enlistment
When you have decided to register a company in Malaysia, you must use the services of a company secretary to help you complete the company registration process.

Maintenance of Official Registration and Notebooks
Because of frequent contact with top management, the company secretary is expected to keep the directors informed about the latest developments in the company. In addition, they are expected to maintain an effective internal control system that ensures that Mandatory Registration and Notebooks are properly stored.
When you have decided to register a company in Malaysia, you must use the services of a company secretary to help you complete the company registration process.

Make sure the company complies with the law
The company secretary must ensure that all laws and regulations governing the company are obeyed. In addition, they must ensure that state law is also obeyed.

Preparation of Resolutions, Board of Directors Organizing Meeting
In a Corporate Council meeting, a company secretary must be present. If they cannot attend the meeting, they must find a representative to occupy on their behalf. In addition, company secretaries may not allow themselves or their representatives to be left behind at company meetings because they will jeopardize their duties and responsibilities for the preparation of resolutions and minutes of meetings as company secretaries.

Integrity in the company
Given that the company reports senior management and responsible actions for the company, the company secretary should always look at whether he has any problem. They should always defend right without any fear or help.

Conclusion
It is clear that all companies established in Malaysia are required to have at least one Company Secretary and that the company secretary must be an individual and resident in Malaysia and a member licensed by SSM.

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