The Companies Commission of Malaysia, commonly known as SSM (Suruhanjaya Syarikat Malaysia), is a government agency in Malaysia responsible for regulating companies and businesses.
SSM oversees the company registration in Malaysia, the administration of companies’ legislation, and the supervision of business activity to ensure compliance with regulatory requirements. It plays a crucial role in maintaining the transparency and integrity of business entities operating in Malaysia.
Key Functions of SSM
- Registration: SSM handles the registration of businesses and companies. This means if you plan on starting a business in Malaysia, you need to register it with SSM.
- Records Management: They keep records of all registered businesses and companies. This information is accessible to the public, helping ensure transparency.
- Compliance Monitoring: SSM ensures that businesses and companies comply with the laws and regulations governing their operations.
- Corporate Governance: They promote good corporate governance practices to enhance the accountability and efficiency of businesses.
In simple terms, SSM makes sure that businesses in Malaysia are legally registered and operate according to the rules. They keep track of business information and ensure companies follow the law.
