This division role is to raise the corporate compliance rate by encouraging good corporate governance values through a continuous education programme as well as via effective surveillance and enforcement efforts. The division is divided into the following three sections:
Compound Management Unit
This section responsible for checking the Financial Statement that have been lodge to SSM to ensure the compliance with the provision of the Companies Act 2016.Apart from checking the Financial Statement, this section also monitoring the applicable approved accounting standard adopt by companies. CAMS of 2 unit :-
This section processes the application and renewal of secretary licences and carries out surveillance as well as the storage or enhancement of the database of company secretaries.
Secretary Licensing Unit
Performs the following responsibilities:
Secretary Surveillance Unit
Members of accredited professional bodies can act as company secretaries without having a license under section 139A(b) Companies Act 1965. Up until the year 2007, seven (7) professional bodies have been prescribed by the Honourable Minister for the purpose of section 139A Companies Act 1965.
List of Professional Bodies:-