KOTA KINABALU — The Companies Commission of Malaysia (SSM) has extended the compound reduction period under the Companies Act 1965 and Companies Act 2016, as well as the exemption from late filing fees through its Corporate Registry System (CRS), until Dec 31, 2026, to help eligible companies fulfil their statutory compliance obligations.
SSM Acting Chief Executive Officer Rezy Izwan Ramly said the extension would provide eligible companies with additional time to settle outstanding compounds and take the necessary steps to comply with the requirements under both acts.
“The extension gives eligible companies an opportunity to settle outstanding compounds and take the necessary steps to ensure compliance with the requirements under both acts,” he said at the SSM Annual Dialogue 2026 for Sabah, held here today.
The event attracted more than 240 participants, including company directors, company secretaries, representatives of professional bodies, business associations and government agencies.
Rezy Izwan said the compound reduction initiative applied to companies that had submitted outstanding documents, were undergoing winding-up proceedings, had applied for striking off or were subject to striking-off action by the Registrar, as well as companies that had been dissolved.
As of Sept 30, 2026, Malaysia’s filing compliance rates stood at 79 per cent for financial statements, 93 per cent for annual returns and 93 per cent for beneficial ownership information.
In Sabah, the corresponding compliance rates were 77 per cent for financial statements, 92 per cent for annual returns and 92 per cent for beneficial ownership information.
Meanwhile, the CRS, which commenced operations on July 14, 2026, is part of SSM’s efforts to improve the delivery of corporate registration services.
From its launch until Sept 30, 2026, the system had approved 169,828 transactions, including 12,072 company incorporations.
SSM also extended the exemption from late filing fees through the CRS until Dec 31, 2026, to give stakeholders more time to complete their filings and fulfil their compliance responsibilities.
The annual dialogue serves as a two-way communication platform for SSM to understand the issues and challenges faced by the business and corporate communities, while providing clarification on current developments in legislation, policies, operations and enforcement.
The programme also covered the implementation of the CRS, SSM’s Compliance Clinic initiative and the 2026 Filing Recovery Campaign.
Other topics included proposed amendments to the Companies Act 2016 (Act 777) concerning the Sustainability Reporting Framework and Practice Directive 11/2026 on the filing of shareholder and share capital information.
The Sabah session was the third and final SSM Annual Dialogue for 2026, following the first session in Penang on Oct 6 and the second in Sarawak on Oct 12.
Also present were SSM Deputy Chief Executive Officer (Regulatory and Enforcement) Norhaiza Jemon, as well as SSM division and state directors.
