Ssm(Suruhanjaya Syarikat Malaysia)

Topics: Corporation, Types of companies, Legal entities Pages: 8 (2372 words) Published: October 27, 2012
Suruhanjaya Syarikat Malaysia (SSM)
About SSM
The Companies Commission of Malaysia (Suruhanjaya Syarikat Malaysia or SSM) is a statutory body which regulates companies and businesses. SSM, which came into operation on 16 April 2002, is a statutory body formed as a result of a merger between the Registrar of Companies (ROC) and the Registrar of Businesses (ROB) in Malaysia. The main activity of SSM is to serve as an agency to incorporate companies and register businesses as well as to provide company and business information to the public. As the leading authority for the improvement of corporate governance, SSM fulfils its function to ensure compliance with business registration and corporate legislation through comprehensive enforcement and monitoring activities to sustain positive developments in the corporate and business sectors of the Nation.

SSM Profile
“Meets Business Needs through Effective, Registration, Information, Regulation and Advice.” .This is the vision of having SSM. Meeting business needs means to meet business needs which includes providing greater value proposition through quality products and services with excellent service delivery .SSM aims to achieve operational excellence in all the activities it undertakes. This requires SSM to be effective as an organization whereby resources are optimized and objectives are accomplished on a timely basis .In becoming the leading corporate regulator, SSM will concentrate its efforts to building a solid foundation in its core functions .SSM target is to achieve unparalleled standards in these three areas.

Strategic Thrusts of SSM
SSM promote and drive good governance to enhance a conducive business environment. They deliver innovative products and services to meet stakeholder needs .Besides, SSM provides superior service delivery through operational excellence and generate synergies through strategic collaborations by evolving to a 'knowledge driven organization' to develop competitive intelligence. Furthermore, SSM drive high performance culture through capacity and capability building and optimize ICT to enhance efficiency, effectiveness and enterprise agility.

The main function of SSM is to ensure that the provisions of the Companies Commission of Malaysia Act and laws are administered, enforced, given effect to, carried out and complied with and to act as agent of the Government and provide services in administering, collecting and enforcing payment of prescribed fees or any other charges under the laws administered .SSM also regulate matters relating to corporations, companies and businesses in relation to laws administrated by encouraging and promoting proper conduct amongst directors, secretaries, managers and other officers of a corporation, self-regulated corporations, companies, businesses, industry groups and professional bodies in the corporate sector in order to ensure that all corporate and business activities are conducted in accordance with established norms of good corporate governance . The assist of SSM is to enhance and promote the supply of corporate information under any of the laws administrated, and create and develop a facility whereby any corporate information received by the Companies Commission may be analysed and supplied to the public.Moreover, SSM carries out research and commission studies on any matter relating to corporate and business activities and giving advise to the Minister generally on matters relating to corporate and business activities in relation to the laws administered. Lastly, SSM carries out all such activities and do all such things as are necessary or advantageous and proper for the administration of the Companies Commission or for such other purpose as may be directed by the Minister.

Product and services
Product and services provide by SSM consist of Corporate Information supply, Corporate and Business Information Data, Commemorative Certificate, Company Incorporation Tender Number and...
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