KUALA LUMPUR (Aug 31): Company secretary firms are now allowed to operate under Phase One and Two of the National Recovery Plan (NRP), subject to the approval of the Companies Commission of Malaysia (SSM). SSM said this is following the government’s recent announcement to allow professional and consulting services companies to operate during NRP, subject to the approval conditions of the authority regulating the service. “Following the announcement, the Ministry of International Trade and Industry (MITI) agrees to list company secretary service under the professional and consulting services, hence, allowing company secretary firms to submit their application to operate to MITI for the purpose of carrying out secretarial services,” it said in a statement today. It said SSM, as the body that oversees the company secretary under the Companies Act 2016, has been given the responsibility as the approving body for operating permission applications submitted by company secretary firms. “It is hoped that with the reopening of this sector, company secretary firms can continue to play a role in supporting the corporate sector, especially involving small and medium enterprises in reviving the country's economy,” it said.
