Cosec Shah Alam: March 2019

Stamp duties are imposed on instruments and not transactions. An instrument is defined as any written document and in general,- stamp duty is levied on legal, commercial and financial instruments. The person liable to pay stamp duty is set out in the Third Schedule of Stamp Act 1949.

The Assessment and Collection of Stamp Duties is sanctioned by statutory law now described as the Stamp Act 1949

TYPES OF DUTY

a. Ad Valorem Duty

The rate of duty varies according to the nature of the instruments and the consideration stipulated in the instruments or the market value of the property.

The imposition of ad valorem duty (that is, according to the value) is on:

Instruments of transfer (implementing a sale or gift) of property including marketable securities (meaning loan stocks and shares of public companies listed on the Bursa Malaysia Berhad), shares of other companies and of non-tangible property (e.g. book debts, benefits to legal rights and goodwill).
Instruments creating interests in property (e.g. Tenancies and Statutory Leases)
Instruments of security for monies, including instruments creating contracts for payment of monies or obligation for payment of monies (generally described as `Bond`)
Certain capital market instruments (e.g. Contract Notes)

b. Fixed Duty

Duty is imposed without any relation to the consideration paid or amount stated in the instrument. The imposition of fixed duty is on:

A number of other legal, commercial, mercantile or capital market instruments (e.g. Power or Letter of Attorney, Articles of Association of a Company, Promissory Notes, Policy of Insurance etc); and
A duplicate or a subsidiary or a collateral instrument when it can be shown that the original or principal or primary instrument has been duly stamped.

INSTRUMENTS LIABLE TO STAMP DUTY

Instruments liable to stamp duty are those listed in the First Schedule of the Stamp Act 1949

EXEMPTIONS / RELIEF FROM STAMP DUTY

General exemptions under Section 35 in First Schedule, Stamp Act 1949 and Specific exemptions under item 2, 4 and 32 in First Schedule, Stamp Act 1949
Relief may be given pursuant to Section 15 and Section 15A, Stamp Act 1949:

Section 15 : Relief from Stamp duty in case of reconstructions or amalgamations of companies.
Section 15A : Relief from Stamp Duty in case of transfer of property between associated companies.

Application for relief can be done online through STAMPS

ADJUDICATION OF INSTRUMENTS

a. Purpose Of Adjudication.

The purpose of adjudication is to ensure that the instrument is duly stamped to protect the parties to the contract in respect of the admissibility of the instrument as evidence in court during a civil proceeding. An instrument which is not duly stamped is not admissible in court as evidence.

b. Adjudication of Instruments

With effect from 1st January 2009, the RM10 fee payable for adjudication of an instrument will no longer be imposed.

All instruments chargeable with duty and executed by any person in Malaysia shall be brought to the Collector who shall assess the duty chargeable. For this purpose, the Collector may require the instrument to be fully furnished with all other necessary or supporting documents of evidence. The Collector may refuse to proceed upon any such application until all documents have been furnished to him accordingly.

All application for adjudication can be submitted at any LHDNM counter in Stamp Branch Offices, Revenue Service Centres and District Offices or online through STAMPS website at https://stamps.hasil.gov.my

MODE OF STAMPING

The payment of duty on an instrument may be denoted by:

Impressed Stamps through the use of Digital Franking Machine

STAMP Certificate Stamp certificate (in relation to the instrument to the value of the duty paid) is issued electronically where stamping application is done online via the internet at LHDNM website (https://stamps.hasil.gov.my). The certificate should be affixed or attached to the instrument and the instrument shall be deemed to be duly stamped

Revenue Stamps (Setem Hasil) can be purchased at all Post Offices in Malaysia. Revenue stamps are available in the following denominations:

- RM 1.00

- RM 5.00

- RM10.00

- RM50.00

- RM100.00

- RM250.00

Cancellation of the revenue stamps can be done at Stamp Branch Offices, Revenue Service Centres and District Offices. Under Schedule 2 of the Stamp Act 1949, specific persons are conferred the power to cancel revenue stamps.

Power to Compound Duty. The compounding payment of duty as stipulated by Section 9 Stamp Act 1949, is restricted to the following types of instruments:

- cheques

- policies of insurance

- contract notes

- Memorandum of Association & Article of Association.

- TNB Electric Supply form

Kew. 38 Receipt Payment of duty for stamping through the issuance of Kew. 38 Receipt

PERSONS LIABLE TO STAMP DUTY

The Third Schedule of the Stamp Act 1949 specifies the types of instruments and the person liable to pay stamp duty.

The liability for payment of duty is provided under section 33 of the Stamp Act 1949.

MODES OF PAYMENT

Payment may be made at any LHDNM Stamp Duty Branch Offices and Revenue Service Centres in the following manner:-

Cash; or
Revenue Stamp (Setem Hasil) (if the duty does not exceed RM500) or
Money Order, Solicitor`s Cheque (client account) or Bank Draft, made payable to the Collector of Stamp Duty and submitted together with the relevant instrument to the stamp duty office by hand or through registered post.
Payment can also be made at District Offices but restricted only to the following modes of payment:-
Payment using Revenue Stamp (Setem Hasil)
Amount duty payable not exceeding RM500.00

PENALTY (STAMP DUTY)

An instrument may be stamped within 30 days of its execution if executed within Malaysia or within 30 days after it has been first received in Malaysia, if it has been executed outside Malaysia.
If it is not stamped within the period stipulated, a penalty of:

(a) RM25.00 or 5% of the deficient duty, whichever is the greater, if stamped within 3 months after the time for stamping;

(b) RM50.00 or 10% of the deficient duty, whichever is the greater, if stamped after 3 months but not later than 6 months after the time for stamping;

(c) RM100.00 or 20% of the deficient duty, whichever is the greater, if stamped after 6 months from the time for stamping; may be imposed.

(the above rates are effective from 1/1/2003)

RESPONSIBILITY OF PRIME CUSTOMER/SOLICITORS/COMPANY SECRETARY/ REGISTRAR/BANKING AND FINANCIAL INSTITUTIONS

Section 52(1) of The Stamp Act 1949 PROHIBITS registration, acceptance or authentication of any instrument which has not been duly stamped. If your duties include registration, acceptance or authentication of any instrument including share transfer and Deed of Assignment, contact the Deputy Collector of Stamp Duty if in doubt as to whether fixed duty or ad valorem duty is payable on the instrument.

Failure to comply with the provisions of this section will be subjected to a fine not exceeding RM1,500.00, under Section 69(2), Stamp Act 1949.

Comply with procedures stipulated by LHDNM Stamp Duty Branch Offices and Revenue Service Centres

Contact Deputy Collector of stamp duty if in doubt with regards to technical issues and work procedures.

Lawyers or authorised officers may represent the company pertaining to technical issues and work procedures on stamp duty

18:29 1 comments

PERAYAAN TRADISI TAHUN BARU LUNAR BERSAMA SUNWAY VELOCITY MALL

Pada tahun ini, bermula 5 januari sehingga 19 februari 2019 Sunway Velocity Mall akan mengadakan salah satu acara terbesar mereka bagi meraikan tahun baru lunar. Menariknya pada kali ini adalah, Sunway Velocity Mall akan dicat dengan warna kekayaan dan kemakmuran dan dihiasi dengan struktur seni bina yang indah dari campuran angdong kuno dan seni bina Guangxi yang unik. Sebagai menepatitema untuk tahun ini iaitu "Perayaan Warisan Kantonis", hiasan yang sangat terperinci di pusat membeli-belah bukan sahaja memancarkan intipati Tahun Baru tetapi juga merangkumi banyak symbol kepada budaya Kantonis yang bermakna. Terletak di tengah-tengah Sunway Velocity Mall, pasar bunga telah membanjiri pusat membeli-belah dengan memancaran perspektif kehidupan dan kegembiraan, dipercayai melambangkan kelahiran semula. Pusat membeli-belah ini juga akan dihiasi dengan lampu merah, sorotan emas dan bangunan seni bina tradisional Kantonis, ia dapat memberi impak dalam mengubah suasana pusat membeli-belah dan menyalakan semangat Tahun Baru.

Tema selaras "Sambutan Warisan Kantonis", pusat membeli-belah telah menganjurkan banyak bengkel kebudayaan Kantonis seperti pembuatan opera mask dan bengkel kaligrafi Cina serta persembahan seperti lagu opera Kantonis dan lagu-lagu lama Kantonis untuk menyerlahkan keunikan budaya dan kebiasaan Warisan Kantonis. Memandangkan intipati Tahun Baru berkisar antara keluarga dan rakan-rakan, Sunway Velocity Mall juga telah menganjurkan pelbagai acara dan persembahan seperti tarian singa akrobatik, seni mempertahankan diri Wong Fei Hong banyak aktiviti kanak-kanak untuk memberi gambaran kepanda generasi muda tentang tradisi Tahun Baru Lunar.

Lebih menarik lagi dengan kehadiran God of Prosperity akan melawat mall untuk mengedarkan paus kepada pembeli. Pembeli juga akan menerima ang pau bertuah yang terdiri daripada 999 Tunai Emas Looney Gold Syiling 3D. Di samping itu, Ang Pau dari SK Jewellery sebagai tarikan pengunjun. pembeli akan berpeluang untuk memenangi baucar tunai apabila menyertai banyak pertandingan yang menyeronokkan dan menarik, seperti Peraduan Pao Eating dan Cantonese Twister Kantonis. Perayaan Tahun Baru di Sunway Velocity Mall bukan sahaja bertujuan untuk membawa keluarga dan kawan bersama tetapi juga untuk membina kenangan baru dan mendalam untuk memulakan Tahun Baru Lunar yang hebat. Sambutan Tahun Baru Lunar di Sunway Velocity Mall telah memberi kesedaran dan penghargaan terhadap adat dan amalan serta memberi pendedahan kepada masyarakat tentang tradisi Tahun Baru Imlek. Dengan semua aktiviti dan peraduan yang menyeronokkan, dan hiasan yang mengagumkan, pastikan anda melawat Sunway Velocity Mall Tahun Baru Lunar ini.

22:19 No comments

EPSON MALAYSIA - EXCEED YOUR VISION

Dari perintis pencetak digital ringan yang pertama, EP-101, Epson terus menghasilkan produk dan perkhidmatan yang inovatif berdasarkan teknologi yang cekap, padat dan ketepatannya.

Sebagai peneraju teknologi global, Epson telah mencipta dari pencetak inkjet dan sistem percetakan digital kepada projektor 3LCD, kacamata pintar, sistem penderiaan dan robot industri. Syarikat ini memberikan tumpuan kepada pemacu inovasi dan melebihi harapan pelanggan dalam penghasilan inkjet, komunikasi visual dan robotik.

Di Malaysia, Epson Malaysia Sdn Bhd telah ditubuhkan sebagai Epson Trading (M) Sdn Bhd pada tahun 1991 sebagai syarikat jualan Seiko Epson Corporation di Jepun. Hari ini, Epson terus melebihi jangkaan pelanggan dengan pelbagai produk berprestij tinggi dan cekap tenaga di rantau ini.

Baru-baru ini, Epson telah mengumumkan pelancaran model pencetak terbaru mereka iaitu pencetak format besar T-series yang boleh didapati sebagai model desktop atau model yang berdiri.

Pencetak terbaru Epson ini menawarkan salah satu tapak kaki terkecil di dalam kelasnya yang tersendiri dan mempunyai reka bentuk minimalis, ergonomik dan padat yang sesuai untuk pejabat. Siri SureColour T-series ini menawarkan percetakan yang professional yang boleh dipercayai di dalam pelbagai sektor pekerjaan termasuk seni bina, kejuruteraan, CAD, GIS, pendidikan, korporat, rumah dan pejabat.

Mempunyai prestasi yang tinggi terdiri daripada pencetak 36 inci SC-T5430 dan 24 inci SC-T3430 dan dapat menghasilkan dalam kelajuan yang tinggi iaitu 22 saat dan 25 saat untuk cetakan kertas A1. Untuk model SC-T5130, SC-T3130 dan SC-T3130N pula masing-masing dapat mencetak kertas A1 selama 31 dan 34 saat. Pencetak ini sangat sesuai di letakkan di dalam pejabat yang kecil.

Sekiranya anda berminat untuk mendapatkan pencetak atau model lain yang terdapat di Epson, anda boleh menghubungi Epson di nombor 03-56 288 288. Epson juga mempunyai juruteknik terlatih yang boleh mengajar anda mengenai permasalahan atau nasihat jika pencetak anda mempunyai masalah. Atau jika anda mempunyai pertanyaan sebelum membeli produk Epson, sila hubungi nombor siasatan pra-jualan kami.

18:24 No comments

DOMINO’S PIZZA MALAYSIA

“EGG-CITING Bersama “EGGSTRA SHIOK” Royale, Salted Egg Pizza yang Baru!

Domino's Pizza bermula dengan hanya satu kedai yang dipanggil "DomiNick's" yang dibeli oleh saudara-saudara Tom dan James Monaghan seharga $ 500 pada tahun 1960. Pada tahun 1983 terdapat 1,000 kedai Domino dan pada tahun yang sama Domino membuka kedai antarabangsa pertamanya di Winnipeg, Kanada, diikuti dengan kedai pertamanya di Queensland, Australia pada tahun yang sama.

Menjelang tahun 1989 Domino mempunyai 5,000 kedai yang beroperasi, menjadikannya syarikat pizza yang paling pesat berkembang di dunia, dengan kedai-kedai di UK, Jepun, dan Amerika Selatan. Menyediakan lebih daripada 1 juta pizza sehari di seluruh dunia, Domino's Pizza adalah syarikat penyampaian pizza terkemuka dan paling cepat di dunia. Pada suku ke-2 tahun 2017, Domino's Pizza Malaysia adalah pasaran Domino terbesar di Asia Tenggara dan kelima terbesar di Asia Pasifik.

Domino's Pizza Malaysia telah berkembang dengan pesat sejak ia mula beroperasi pada tahun 1997. Dari kedai tunggal di Subang Jaya (USJ) dengan jumlah kakitangan 15 orang, rantaian pizza hari ini mempunyai lebih 215 buah kedai. Domino's Pizza Malaysia telah mengalami pertumbuhan yang kukuh, terutamanya dalam beberapa tahun kebelakangan ini dengan pembukaan kedai ke-50 pada Januari 2011, kedai ke-100 pada Disember 2012, kedai ke-150 pada Mac 2016 dan kini kedai ke-200 pada April 2017.

Seiring dengan tujuan Domino ditubuhkan iaitu “Bertekad untuk Memperkayakan Kehidupan Pelanggan, Pekerja, Rakan Kongsi, Pemegang Saham dan Komuniti,” Domino’s Pizza Malaysia telah memenangi Gangsa dalam kategori "Restoran & Makanan Segera" yang berprestij Putra Brand Awards 2014, perak pada tahun 2015, gangsa pada tahun 2016 dan Perak pada tahun 2017.

Baru-baru ini pada 8 Februari 2019 di Shah Alam, Domino’s Pizza Malaysia telah melancarkan menu terbaru iaitu Royale Salted Egg piza. Tawaran terhad ini mempromosikan kerak Royale merah yang dipadankan dengan sos telur masin bersama taburan telur masin untuk menambahkan lagi rasa “Eggstra kick” yang enak untuk dinikmati bersama keluarga dan rakan-rakan.

Sempena pelancaran menu terbaru Domino’s Royale Salted Egg, perbincangan menarik bertemakan “The Rise of Salted Egg” telah diadakan. Mori Said dan Adikfoods telah dijemput untuk memeriahkan lagi perbincangan bersama dengan Linda Hassan, Naib Kanan Presiden, Pemasaran Domino’s Pizza Malaysia & Singapura. Semasa sesi perbincangan tersebut, para panel berkongsi pendapat dan pandangan mereka terhadap tren telur masin serta membincangkan pelbagai topik seperti hidangan telur masin yang paling unik dan luar biasa yang dinikmati oleh rakyat Malaysia. Perbincangan tersebut telah membuktikan bahawa telur masin adalah sebuah hidangan yang versatil dimana ia sesuai untuk dipadankan bersama hidangan tempatan mahupun barat dan perisa yang sesuai untuk hidangan makanan utama mahupun pencuci mulut.

Berpegang teguh dengan janjinya “It’s All About You”, Domino’s sentiasa memastikan kehendak para pelanggan dipenuhi dan ini terbukti dengan penghasilan Salted Egg piza. Demi memenuhi citarasa para pelanggan, terdapat tiga jenis pizza yang boleh dipilih iaitu Royale Chicken Pizza, Royale Tuna Pizza dan Royale Delight Pizza. Royale Pizza ini dihasilkan khusus untuk mengimbangkan rasa lazat dan berkrim yang melengkapkan rasa dalam setiap gigitan. Tambahan lagi, Domino’s memperkenalkan juga Royale Chicken Wings yang disaluti telur masin dan daun kari yang aromatik. Domino’s juga memperkenalkan Royale Cheesy Stix baharu, dengan sentuhan emas bagi melengkapkan menu ini.

Untuk nilai yang lebih berbaloi, para pelanggan boleh memilih Royal Combos yang terdiri daripada Royale Buddy Combo hanya pada RM39.90 dan Royale Super Combo hanya pada RM59.90. Di samping itu, para pelanggan boleh menambah Royale Chicken Wings pada RM12.75 atau RM13.70 sebagai ala carte. Selain itu, pelanggan juga boleh memilih untuk menambah Royale Cheesy Stix pada harga RM8.30 atau RM9.25 sebagai ala carte.

Pelbagai menu edisi terhad terbaharu seperti Eggstra Shiok Royale Salted Egg pizza, Royale Chicken Wings dan Royale Cheesy Stix boleh didapati di Domino’s Pizza di Semenanjung Malaysia bermula daripada 11 Februaru 2019. Anda boleh mengunjungi cawangan Domino’s, membuat pesanan dalam talian di http://www.dominos.com.my/ atau menghubungi 1300-888-333.

17:55 No comments

23:02 No comments

19:20 No comments

The Products and services currently available under SSM e-Info Services are as follows:

Company Profile (ROC)

Company Profile Information include company name, company registration number and check digit, previous name and date of change, total authorized and total issued, directors, managers, shareholders, officers, company charges and summary of the latest financial information.

Business Profile (ROB)

Business profile information include business name, registration number, type of business and detail of owner and partners, business address, date of commencement, and expiry date of current registration.

Company Charges

Company Charges have detailed information about registered charges for a particular company including details of assets/properties charges which are not contained in the Company profile information.

Financial Comparisons

Financial Comparison is an extraction of information of 2 years, 3 years, 5 years and 10 years most recent audited balance sheets and profits & loss account of a particular company.

e-Info Image

e-Info Images are prescribed forms under the Companies Regulations 1966, used for specific purposes in relation to relevant requirements under The Companies Act 1965. SSM e-Info allows for purchase Images of registered document in Tagged Image File Format (TIFF).

Business Termination Letter

Business Termination Letter is a certification from SSM, which certifies that the registered Business had ceased to operate on a specific date.

Company Watch

SSM e-Info Company Watch allows anyone with an interest in any company to keep an eye of changes made to the selected company which act as a very useful alert mechanism to competitors, customers, borrowers, suppliers, business partners, potential investors and also to financial institutions.

Attestation of Company Good Standing

Attestation of Company Good Standing (ACGS) is a confirmation that a company has passed the criteria that was set in the processes in enabling the production of this ACGS. ACGS will state the company name, registration number, incorporation date, type of the company whether it is a private or public company and the registered office address of the company. As an added feature, recipient can scan the QR code from the print-out and able to make comparison between the printed copy and the stored copy of the attestation print-out as to ensure that there is no changes of the print-out.

18:03 No comments

What is it?

Limited Liability Partnership (LLP) is an alternative business vehicle regulated under the Limited Liability Partnerships Act 2012 which combines the characteristics of a company and a conventional partnership.

Who is it for?

The LLP business structure is designed for all lawful business purposes with a view to make profit. LLP may also be formed by professionals such as Lawyers, Chartered Accountants and Company Secretaries for the purpose of carrying on their professional practice. The LLP concept will also support start ups, small and medium enterprises (SMEs) to grow their businesses without having to worry too much on their personal liabilities, personal assets and strict compliance requirements.

Salient features

Amongst others, LLP is featured with the protection of limited liability to its partners similar to the limited liability enjoyed by shareholders of a company coupled with flexibility of internal business regulation through partnership arrangement similar to a conventional partnership.

Any debts and obligations of the LLP will be borne by the assets of the LLP and not that of its partners’. An LLP has the legal status of a body corporate which is capable of suing and being sued in its own name, holding assets and doing such other acts and things in its name as bodies corporate may lawfully do and suffer.

LLP also offers flexibility in terms of its formation, maintenance and termination while simultaneously has the necessary dynamics and appeal to be able to compete domestically and internationally. With the introduction of LLP, entrepreneurs will have more options to choose the most preferred form of business vehicle. For more information click the following:-

Limited Liability Partnership (LLP or PLT) under the Limited Liability Partnership Act 2012

PLT is an alternative business vehicle to carry out business which combines the characteristics of private companies and conventional partnerships. PLT provides limited liability status to its partners and offers the flexibility of internal rules through agreements between partners.

Salient Features of LLP

The LLP is a body corporate and has the legal personality separate from the partners (separate legal entity).
LLP is a perpetual succession.
Any partnership in the partnership will not affect the existence, right or liberty of the LLP.
LLP has unlimited capability and is capable of suing and be sued for it, acquire, owning, holding and develop or dispose of property.
LLP may do and suffer such other acts and things as bodies corporate may lawfully do and suffer.

Registration of LLP

By minimum two (2) persons (in whole or in part, an individual or a body corporate);
For any lawful business for the purpose of making a profit; and
In accordance with the terms of the LLP agreement.

Who can register

Professionals
Small and medium business.
Joint Venture.
Venture Capital (Venture Capital)

Information required for registration LLP

Proposed name of the LLP
Nature of business
Address of registered office
Name and details of partner
Name and details of compliance officer
Letter of approval from professional body (if any)

Compliance Officer

Registration of LLP is made by the compliance officer appointed by LLP:

One of his partners or a person qualified to act as secretary under the Companies Act 1965;
At least 18 years old and Malaysian citizen/permanent resident; and
Usually living in Malaysia.

Registration fee

Fee for registration of LLP is RM500.00

Note:

Only notice of registration will be issued.
Certificate of registration of LLP will be issued by SSM upon request together with the prescribed fee.

Credit: SSM Malaysia

17:58 5 comments

Company Type

Company limited by shares
Company limited by guarantee
Company unlimited

Company Features

Company shall have name;
One or more members;
In the case of a limited company with shares, one or more shares; and
One or more directors

Requirements for Company Incorporation

The incorporation of companies under the Companies Act 2016 may be made by individuals who intend to form a company. The basic requirements are:

Private company - at least one (1) director who ordinarily resides in Malaysia by having a principal place of residence in Malaysia and one (1) promoter; or
Public company - at least two directors who ordinarily reside in Malaysia by having a principal place of residence in Malaysia and minimum one promoter.

Company Incorporation Procedures

Requirement for approval of company name from SSM.
The company's incorporation application is online using one of the two (2) incorporation methods:
1. Direct incorporation – combination of name reservation and incorporation process; or
2. Name reservation - submitting the incorporation application within 30 days or such longer period as the Registrar may allow (maximum of 180 days) after the name is approved.
Incorporation information that needs to be completed is as follows
1. The proposed company name
2. The status of a private or public company
3. The proposed type of business
4. The address of registered office
5. The business address
6. Complete details of directors(s) and promoter(s)
7. Declaration from directors(s) and promoter(s)
8. Declaration of compliance from individuals responsible for incorporation
9. Additional Documents (if any)
Please click here to incorporate a local company

Registration fee

Company limited by shares of RM1,000
Company limited by guarantee of RM3,000

Note:

Only registration notice will be issued.
A certificate of incorporation will only be issued upon application made with the prescribed fee.
Company secretary must be appointed within 30 days after the incorporation of the company.
Company's constitution is a non-mandatory option for company limited by share.
Please click here for information on Company Limited By Guarantee, Coordination of Corporate Applications and Registration under the Trust Companies Act 1949.

Credit: SSM Malaysia

17:55 No comments

Cosec Shah Alam

About us

Follow Us

Labels

recent posts

Blog Archive