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FAQ Registration of Company Limited by Guarantee (CLBG) in Malaysia

FAQ Registration of Company Limited by Guarantee (CLBG) in Malaysia

Here are some resources and answers to frequently asked questions about registering a Company Limited by Guarantee (CLBG) in Malaysia:

Official Resources:

General FAQs:

  • What is a CLBG? A CLBG is a type of company where the members' liability is limited to the amount they have guaranteed to contribute if the company is wound up. This means that members' personal assets are not at risk if the company incurs debts. CLBGs are commonly used by non-profit organizations, associations, and clubs.

  • What are the requirements for registering a CLBG? To register a CLBG in Malaysia, you will need to:

  • Have at least 7 members.

  • Have a Memorandum of Association and Articles of Association that comply with the Companies Act 2016.

  • Appoint a company secretary.

  • Submit the required documents and fees to the SSM.

  • What are the benefits of registering a CLBG? Some of the benefits of registering a CLBG include:

  • Limited liability for members.

  • Separate legal identity from its members.

  • Perpetual succession (the company can continue to exist even if its members change).

  • Ability to enter into contracts and own property.

  • What are the ongoing compliance requirements for a CLBG? CLBGs must comply with various ongoing requirements, such as:

  • Filing annual returns with the SSM.

  • Holding annual general meetings.

  • Maintaining registers of members and directors.

Additional Information:

  • The SSM website also has a number of other resources on company registration, including a helpful FAQ section.

How Bestar can Help

FAQ Registration of Company Limited by Guarantee (CLBG) in Malaysia

Bestar can assist you with the registration of your Company Limited by Guarantee (CLBG) in Malaysia in several ways. Here's an FAQ breakdown of our potential services:

Registration Process:

  • Form Completion & Filing: Bestar can handle filling out and submitting all the necessary forms and documents to the Companies Commission of Malaysia (SSM) for CLBG registration. This includes ensuring accuracy and completeness to avoid delays or rejections.

  • SSM Liaison: We can communicate with the SSM on your behalf, submitting your application, following up on inquiries, and clarifying any requirements. This saves you time and effort dealing with the complexities of the process.

  • Legal Compliance: Bestar can ensure your CLBG adheres to all legal requirements set forth by the Companies Act 2016 and relevant regulations. This includes areas like minimum member requirements, proper documentation, and adherence to specific procedures.

Additional Services:

  • Document Drafting: Bestar may offer to draft your CLBG's Memorandum of Association and Articles of Association. These documents outline the company's structure, objectives, and rules. Having us professionally drafted helps ensure they comply with legal requirements and align with your specific needs.

  • Ongoing Support: We may provide ongoing support and guidance on legal and regulatory matters related to your CLBG. This could include assistance with filing annual returns, holding meetings, and addressing any legal concerns that arise.

  • Registered Agent: Bestar can act as your registered agent. This means we receive official documents and communications from the SSM on your behalf, serving as a central point of contact for legal matters.

Contact Bestar directly to discuss how we can assist you with your CLBG registration in Malaysia.


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