EXPERIENCE IS THE TEACHER OF ALL THINGS
-Julius Ceaser

Saturday, August 06, 2011

I REGISTERED A SOLE OWNERSHIP COMPANY

I have always dreamed of setting up my own company when I was still with the civil service. However, since I was in service, I was not allowed to get involved in business because it’s against the condition of service.
Now that I have retired all the opportunities is open and I manage to set up my own company. I start from scratch by registering a sole ownership company legally with the Suruhanjaya Syarikat Malaysia (SSM).
The Kuala Lumpur SSM office is located at Level 16 of The Mall Shopping Complex in Jalan Putra, Kuala Lumpur. Its opposite the PWTC. Registering process is very simple and from my experience is quite a breeze. I spent just one morning and left the Commission’s office with a certificate to run a business legally according to Malaysian Law.
Application is required to fill in Form PNA.42 (Permohonan Kelulusan Nama Perniagaan) which can be obtained for FREE at the SSM’s office. This form is for Application of Company name. Three names can be applied but only one will be chosen. The choice of three names is for easy processing because if the first choice has been registered by someone’s else, the the next choice will be used.
PNA 42
Together with this, you will be given also Borang A (Kaedah-kaedah Pendaftaran Perniagaan 1957 [Kaedah 31] and this is the official business registration form.
Borang A
After filling all the required particulars, applicants have to attach a photostat copy of MyKad and if shared, the partners. Take your number and take a seat. Your number will be called and submit the application form. Besides the photostat copy of MyKad, get ready RM70.00 as registration Fee for one address. If you are registering for a branch(es) then another RM5.00 for each branch. Company registration is actually RM 60.00 and RM10.00 for item 5 (i) as in the photo below.  
IMG-20110707-00003 When your number is called to the respective counter, hand in your application form and the clerk manning the counter will first check the availability of your company’s name. If it is available, then you have to pay the registration fee. After all the  vetting has been done, checked and endorsed, sit down and wait for your Business Registration Certificate. Its all done and you can run your business right away, legally. 
registration cert
Well, this is just a Business Registration according to Akta Pendaftaran Perniagaan 1956. The company has still to apply for other required licence to operate, run or sell specified item according to its law. For example licence from the Local Authorities to set up a shop. 

1 comment:

Mike Marti said...

Good post! I was doing research online on company registration when I came across your blog.

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