Secure Your Company Limited by Guarantee With Specialist Governance Support.
Operating a Company Limited by Guarantee (CLBG) in Malaysia requires specialized legal knowledge. We provide the corporate secretarial support and advisory needed to protect your directors and maintain SSM compliance.
Specialist
Tailored to Your Mission
For active CLBG requiring strict compliance
- Annual Return & Financial Filing
- Board Meeting Minutes & Attendance
- Constitution Amendment Advisory
- Tax Exemption Applications Support
- Liason with SSM & Ministry
- Bonus: 30-minutes Legal Consultation
Are Compliance Gaps Putting Your Foundation at Risk?
Managing a CLBG involves far more than just filing annual returns. The scrutiny on non-profits is intensifying, particularly on governance and financial transparency. Specific legal knowledge is required to meet the new standards for Company Limited by Guarantee (CLBG).
Operational Risks
- Regulatory Penalties: Fines for late AGM holding or failure to submit financial statements on time.
- Outdated Constitution: Operating on old M&A that conflicts with the Companies Act 2016, rendering decisions void.
- Tax Status Loss: Failure to comply with Inland Revenue Board (LHDN) conditions leading to revocation of tax-exempt status.
- Solicit Donation: Soliciting funds from the public without prior approval from SSM.
The Specialist Approach
- Proactive Governance: We track your deadlines and ensure your board resolutions are compliant.
- Regulatory Liaison: We handle complex communications with SSM and the Ministry on your behalf.
- Constitution Modernisation: We review and amend your constitution to streamline operations and ensure compliance.
- CLBG Guideline: We ensure your operation complies with current CLBG Guidelines and regulatory expectations
Comprehensive Management for Existing CLBGs
Upgrade your Corporate Secretary to a team that understands the nuances of Operating CLBG.
Secretarial Compliance
Full management of statutory records, lodging of Annual Returns, and ensuring all director changes are filed accurately with SSM and relevant consent.
Board & AGM Advisory
We guide the Board on governance and procedures, notice periods, and compliance with CLBG Guideline to prevent internal disputes and ensure compliance.
Tax Exemption Support
Advisory on structuring your activities and accounts to apply for or maintain Tax Exemption status under Section 44(6) of the ITA.
Seamless Transition Process
Approval
BOD/BOT Approve to engage us based on terms of engagement.
Digital Transfer
We handle the resignation of the previous Secretary and lodgement with SSM.
Compliance Audit & Digitalisation
We help review the past 3 years compliance records to ensure everything is in order. Proceed to digitalise physical records.
CLBG Management FAQ
How to Swithc your Company Secretary?
The Board of Directors/Trustees has to appoint a new Secretary via a resolution. We prepare all the necessary resignation and appointment documents for a seamless handover.
Our CLBG has missed filing Annual Returns. What should we do?
Immediate action is required to avoid striking off or heavy compound fines. We can assist in preparing the overdue documents and appealing to SSM for a reduction in penalties.
Can you help amend our Constitution?
Yes. Many CLBGs are operating on old M&As that are restrictive. We can draft a modern Constitution that complies with the Companies Act 2016 and new CLBG Guideline to obtain the necessary Ministry approval if required.
Do you provide advisory for Board Meetings?
Absolutely. We can attend board meetings (virtually or physically) to record minutes and advise the Chair on procedural matters and voting rights.
Is your governance up to standard?
Get a complimentary compliance health check for your CLBG.
Specialist Insights: CLBG & Non-Profit Governance Malaysia
Managing a Company Limited by Guarantee (CLBG) or Foundation (Yayasan) in Malaysia requires distinct expertise from standard commercial entities. As your dedicated Non-Profit Governance Partner, Fareez Shah & Partners delivers Lawyer-Backed Secretarial Services tailored to the unique regulatory landscape of charitable organizations. Whether you need a CLBG Company Secretary or advice on SSM & Ministry Guidelines, our team ensures your mission remains compliant and protected.
We go beyond basic filing. Our expertise covers Section 44(6) Tax Exemption applications, complex Constitution Amendments, and strategic board advisory. Don't risk your license; trust a specialist to handle your Non-Profit Organization (NPO) Compliance and governance needs.
Facing Complex Commercial Disputes?
Beyond secretarial compliance, our fully-fledged legal arm provides robust representation for agreement drafting, M&A, shareholder disputes, and corporate litigation.
Visit FareezLaw.com