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DM Corporate Sdn.Bhd.- Your Platform & Gateway To Incorporate Company At Your Finger tips In Malaysia.
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Every company is required to keep, at the company’s registered office or such other place as the directors think fit, the proper accounting records. Such records must be made available for inspection by the company officers and all transactions must be recorded within 60 days of completion of transactions and they must give a true and fair view of state of affairs of the company and explain the company’s transactions.
Profit and loss account and balance sheet – section 169
Every company and its directors must present an audited profit and loss account and balance sheet together with a directors’ report, signed by the directors, with regard to the state of affairs of the company at the annual general meeting (AGM).The period for such presentation to the AGM IS,
- Within or 18 months after incorporation of a company, and
- Every 5 months and once at least in every calendar year.
Appointment of Auditors – section 172
First Auditors
The first auditor(s) of the company may be appointed by the board of directors at any time before the first annual general meeting. Any auditor(s) so appointed shall hold office until the conclusion of the first annual general meeting.
Every so appointed must give notice of consent of the appointment to Companies Commission of Malaysia within 30 days of receipt of the intimation. Beside that the auditor(s) also must provide the consent to act to the company secretary and directors.
