Company secretary role redefined

ALL companies in Malaysia are required to have one or more named company secretaries in the Form 49 as stated in section 139 of the Companies Act 1965. This person has to be a natural person of full age and one who has his principal and only place of residence in Malaysia. 

Once a person is appointed company secretary, he becomes an officer of the company and assumes the responsibilities accorded to an officer under whatever jurisdiction. No person can act as a company secretary unless he is a member of a professional body or a body that has been prescribed by the Minister by notification and published in the Gazette or licensed with the Companies Commission of Malaysia. Any person who consents to act as a company secretary has to fully understand his obligations as an officer of that company. 

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