In order to hold AGM for a sdn bhd company in Malaysia, the directors must complete the following:
- Prepare full set management accounts
- Get auditors to audit on the management accounts & to prepare audited financial statements
- Deliver the audited financial statements to company secretary
- Company secretary will prepare AGM documents to be signed by all directors & shareholders
- After AGM, company secretary will submit Annual Return together with Audited Accounts to SSM.
What Is AGM?
AGM stands for Annual General Meeting, it is Shareholders Yearly Meeting.
When To Hold AGM?
A newly registered company must hold AGM within 18 months from the date of company incorporated/registered.
After the 1st AGM, every company must hold AGM every year.
What Is The Purpose of AGM?
The main purposes of the AGM as follows:
- Approve & Accept Audited Financial Statements (or also known as Audited Accounts)
- Approve directors’ fees (if any)
- Approve the re-appointment of Auditors
What’s Next After AGM?
The company secretary will submit the Annual Return together with Audited Accounts to SSM within one month from the date of AGM.
The directors must submit Income Tax Return (Form C) to Inland Revenue Board (Lembaga Hasil Dalam Negeri) based on the audited accounts.