SSM’s Latest Enforcement & Prosecution: 

What Company Secretaries & Directors Must Know 

FEE is inclusive of
* Unlimited Replay
* Unlimited Download of Presentation Slides & Notes
* Certificate of Completion to manually claim your CPD/CPE points.

Total Training Duration: 6 hours

Fee: RM 149

Proposed Webinar Agenda

Webinar Title: SSM’s Latest Enforcement & Prosecution: What Company Secretaries & Directors Must Know
Style: Indepth, Immersive & Practical

 Date: (Wed) 30 Apr 2025 & (Wed) 7 May 2025
Time: 9.30am - 1pm

Training Duration: 6 hours (3 hours + 3 hours)

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Session 1: (Wed) 30 April 2025

9:30am The Start of Webinar Session 1 FREE Session

9:30am - 9:40am (10 mins) Overview

• Introduction
• Run through the 2 days webinar content (total training duration: 6 hours)
• Research & Content Development Methodology of Learnabee
• Data Inputs
• SSM FB Page
• SSM Website
• SSM Annual Report
• Acts
• CustomGPT AI Tool: SSM Enforcement Navigator GPT (by Learnabee)

9:40am - 9:50am (10 mins) What’s under SSM’s Responsibility and Reporting Hierarchy

• Law & Subsidiary legislation under SSM’s responsibility
• Overview of SSM’s Reporting Hierarchy
• What are the Benefits for Directors, Company Secretaries, Public to understand the Reporting Hierarchy

9:50am - 10:00am (10 mins) SSM’s Annual Report

• SSM Annual Reports
• Act 614 COMPANIES COMMISSION OF MALAYSIA ACT 2001 Section 32 - SSM must prepare and submit annual report
• Act 240 STATUTORY BODIES (ACCOUNTS AND ANNUAL REPORTS) ACT 1980 Section 7, SSM need to submit their annual report to the Minister to be tabled to the Parliament Section 8
• How can Directors, Company Secretaries, Public to benefit from SSM Annual Reports - Focusing on Enforcement Initiatives

10:00am - 10:10am (10 mins) SSM’s Enforcement Overview & Compound Reduction Initiatives

• Use Latest available SSM Annual Report as base content - Focusing on Enforcement Initiatives
• SSM’s Enforcement Monitoring Objectives
• SSM’s Compound Reduction Initiatives
• Table 1: Statistic of 90% compound reduction
• What are the Benefits for Directors, Company Secretaries & Professionals to understand this data
• Download PDF: SSM’s latest announcement on initiatives in conjunction with 23rd anniversary (Malay, English & Mandarin),
• Download PDF: SSM 2025 90% Compound Reduction Initiative (Malay, English & Mandarin)
• How can Directors, Company Secretaries, Public to benefit from SSM’s latest announcement on their initiatives

10:10am - 10:20am (10 mins) SSM’s Inspection and Monitoring Activities

• Table 2: Statistic of numbers only physical & data inspection of companies, businesses, and LLPs
• Key Insights from Inspection Statistics
• Table 3: Statistic of numbers and details of physical & data inspection of companies, businesses, and LLPs
• SSM’s Common Scope of Physical & Data Monitoring and Inspection
• Download Sample Checklist (Enhanced) : Compliance Checklist for Company Secretaries & Directors
• SSM Online Business Alert (OBA)

10:20am - 10:30am (10 mins) SSM’s Inspection and Monitoring Result

• Compliance Rate on Lodgment of Annual Return
• Table 4: Table of Comparison of Annual Returns lodged and compliance rates
• Data inconsistency detected in SSM Annual Report
• Table 5 Statistics of Enforcement Actions Based on the Companies Act 2016
• SSM’s Action based on Inspection and Monitoring Result
• Table 6: Snippets from Table 2, Statistic of numbers only physical inspection of companies, businesses, and LLPs
• Table 7: SSM’s Actions Taken from Internet and Media Monitoring Results

10:30am - 10:40am (10 mins)

• Break Time

10:40am - 10:50am (10 mins) SSM’s monitoring activities on companies that fail to submit statements of affairs, bankrupt directors and companies with outstanding charges

• Table 8: SSM’s data on monitoring of companies that fail to submit statements of affairs, bankrupt directors and companies with outstanding charges
• Download Sample Checklist (Basic) : with Focus Areas: Statement of Affairs, Bankruptcy, and Outstanding Charges t for Company Secretaries & Directors

10:50am - 11:00am (10 mins) Company Secretaries

• Registration of Company Secretaries under S241 CA2016
• Table 9: Trend Analysis on Company Secretary New & Renewal Applications based on Professional Bodies
• Table 10: Landscape Analysis of Company Secretary New Applications and Renewal Applications
• Overall Trend Summary on New Application and Renewal Application of Company Secretary
• How AI Can Help Amid Decline in Company Secretary Supply
• Recommended AI Tools
• Develop AI-powered company secretary practice
• Company Secretary License under S20G Companies Commission of Malaysia Act 2001
• Table 11: Data of Company Secretaries under S241 CA2016 and S20G CCMA 2001

11:00am - 11:30am (30 mins) SSM’s Monitoring & Inspection on Company Secretaries, Auditors and Audit Firms 

• Table 12: Statistic on Monitoring & Inspection on Company Secretaries, Auditors and Audit Firms
• Table 13: Updates & Implication to Auditors and Audit Firms post enforcement of S264 (4A & 4B) Companies (Amendment) Act 2024
• Enforcement & Inspection on Company Secretaries:
• Understanding the Power of SSM under Companies Commission of Malaysia (Amendment) Act 2015
• Objectives
• Scope of SSM’s On-Site Inspection on Company Secretary
• Table 14: SSM inspection focus area on company secretaries

11:30am - 11:40am (10 mins) New BO Provisions & Compliance under AML/CFT 

• New BO Provisions under the Companies (Amendment) Act 2024
• New Compliance: Company Secretaries as DNFBPs under AML/CFT Framework
• Table 15 : New BO Compliance Requirement of SSM and BNM

11:40am - 11:50am (10 mins) Enforcement & Prosecution Actions against Company Secretary

• Possible Enforcement Actions for Non-Compliance of company secretary
• Real Life Case Studies: Prosecution Action of SSM against Company Secretary
• Table 16: Prosecution Action of SSM against Company Secretary

11:50am - 12:00pm (10 mins)

• Break Time

12:00pm - 12:10pm (10 mins) SSM’s Complaint Management

• Table 17: SSM’s Complaints Received and Resolved by different entities
• Table 18: Classification of Complaints Received by SSM
• Table 19: Top 3 Complaints Received by SSM
• Suggestions & Proposals to SSM based on Complaint Analysis

12:00pm - 12:20pm (20 mins) SSM’s Monitoring of Company Financial Statements and LLP Financial Records

• Table 20: SSM’s Monitoring of Company Financial Statements and LLP Financial Records
• S21 Trust Companies Act 1949: Accounts on Trust Assets held on trust
• Table 21: SSM’s Monitoring of Financial Statements of Companies and LLPs
• Table 22: Types of SSM’s other Monitoring Activities on EPC, Directors’ Report, Unaudited Financial Statements, Foreign Companies, LLPs, Trustee Companies, Consolidated Financial Statements
• Table 23: SSM’s Enforcement Actions from Monitoring Activities regarding financial reporting
• Table 24: Trend Analysis on Critical Risk Areas based on SSM’s Enforcement Actions from Monitoring Activities regarding financial reporting

12:20pm - 12:30pm (10 mins) SSM’s Monitoring Activities & Enforcement Actions on CLBG

• Table 25: SSM’s CLBG Monitoring Activities
• Table 26: Enforcement Actions on CLBG

12:30pm - 12:55pm (25 mins) SSM’s Monitoring Activities & Enforcement Actions on Interest Schemes

• SSM Website on Interest Scheme
• Table 27: Interest Schemes Act 2016 - Protection Mechanisms
• Table 28: SSM’s Data & Physical Inspection Statistics on Interest Schemes
• Table 29: SSM Enforcement Actions under Interest Schemes Act 2016
• Real Life Case Studies: Prosecution Action of SSM in relation to Interest Schemes Act 2016

12:55pm - 1:00pm (5 mins)

• Wrap Up & Summary
• What’s Next in Session 2 (Wed) 7 May 9:30am - 1pm

1:00pm The End of Webinar Session 1 FREE Session

Session 2: (Wed) 07 May 2025

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9:30am The Start of Webinar Session 2 FREE Session

9:30am - 9:40am (10 mins) Overview

• Introduction
• CustomGPT AI Tool: SSM Enforcement Navigator GPT (by Learnabee)
• Recap of Session 1

9:40am - 9:50am (10 mins) SSM’s Investigation Statistics & Types of Offenses

• Table 30: SSM’s Investigation Statistics
• Table 31 Statistics on Types of Offenses investigated by SSM
• Table 32 Types of Offenses by Acts Regulated by SSM

9:50am - 10:00am (10 mins) SSM’s Investigation & Inspection Process

• Table 33a : SSM’s Statement Recording, Prosecution, Blacklist
• Table 33b: Types of Notices of SSM
• Table 33s Exhibit Management
• Table 33s Information Search
• Table 33e: Inspections
• Collaboration Between SSM and other Enforcement Agencies

10:00am - 10:05am (5 mins)

• Enforcement actions by authorities doesn’t mean accused is 100% liable & guilty
• Real Life Case Study: Whistleblower was unfairly sued by SC.

10:05am - 10:15am (10 mins) Enforcement & Prosecution Action under Section 591 CA2016

• SSM’s E-Investigation Link
• Enforcement Modules under Section 591 of Companies Act 2016
• Table 34 : Statistics for Corporate governance & common offences under SSM’s purview

10:15am - 10:25am (10 mins) Process from SSM’s Complaint -> Investigation -> Prosecution (Introduction)

• Overview of Process from SSM’s Complaint -> Investigation -> Prosecution

10:25am - 10:30am (5 mins) 

• Q&A Session

10:30am the End of Session 2 FREE Session

10:30am - 11:00am (30 mins)

• Break Time

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11:00am Start of Session 2 PAID Session

11:00am - 11:15am (15 mins) Process from SSM’s Complaint -> Investigation -> Prosecution (Case Studies)

• Real Life Case
• During SSM’s investigation phase, Companies filed a suit against SKM, SSM & SSM’s officers to claim damages for alleged tort of conspiracy, false and malicious investigation, abuse of power, and investigation misconduct. They filed injunction application to prevent and stop SSM from conducting investigations against them
• During SSM’s prosecution phase,
• Pleaded guilty, Plea Bargaining
• From criminal proceedings turned compound DNAA

11:15am - 11:25am (10 mins) SSM’s Conviction 

• Table 35: SSM’s Conviction Statistics

11:25am - 12:55pm (90 mins) SSM Latest Prosecution Case Studies & Key Takeaways

• Real Life Case Studies of SSM Latest Prosecution Cases
• Bankruptcy - S198(1) CA2016
• Individual charged for holding position as Company Director While Bankrupt
• Individual (not company director) charged for directly participating in the management of company while bankrupt
• Annual Return - S68(1) CA2016
• Company and Director charged for failure to lodge annual return
• False Statement - Section 591(2)(a) 
• Director charged for allowing false statement in Notification of Alteration or Amendment to Constitution
• Directors charged for submitting false statement to registrar in Form Section 550 striking off forms while civil actions were pending
• Director charged for making a false statement regarding appointment of a director via Form 58 Notification of Change in the Register of Directors, Managers and Secretaries
• Director charged for making false statements in EGM notice. The notice claimed he was present at the meeting, but he was actually overseas.
• Director charged for allowing false statement regarding appointment of director and transfer of shares to be filed with SSM
• Former Tax Agent charged for preparing and falsifying the company's financial statements and the audit report without the knowledge and consent of the audit firm. (injunction prohibiting the accused from continuing to misuse the name of the audit firm.)
• False Statement - S593(b) CA2016
• Director charged for Submitting False Liabilities & Assets Info in statement of affairs
• Company Property - S218(1)(a) & (c) CA2016 & S34 Penal Code 
• Directors charged for using company funds as bonus payments to themselves without the approval of a general meeting
• Director charged for transferring company fund to his personal bank account without general meeting
• Director charged for Using company property and position without approval of the general meeting for personal benefit
• Director of 3 companies charged with 13 counts of power abuse involving over RM5 mil
• EGM - S588(1)(c) CA2016
• Director charged for holding EGM without quorum
• Financial Statement - S248(1)(a), 258(1)(a), 259(1)(a) CA2016
• Director charged for failure to prepare, circulate and lodge financials statement
• False Declaration : S364(2) CA2016 & S34 Penal Code
• Directors charged for authorizing the company secretary to make false statements to SSM regarding Form 49 (Director resignation and appointment)
• Director charged for falsifying Form 32A (Share Transfer Document)
• Director charged for providing false information to the Registrar (related to resignation of director via Form 49)
• Misleading - S594(1) CA2016
• Director charged for Inducing individuals to deposit money into the company through a knowingly false statement
• Fraud - S594(2) CA2016
• Director charged for Cheating and committing fraud through an agreement causing payment to the director
• Unregistered or Illegal Investment Schemes
• Preference Shares
• S90(4) CA2016 : Company charged for Offering Preference Shares without Constitution
• S43(1) CA2016 : Directors charged for Offering Shares of Private Company to Public
• S3(2)(a) Interest Schemes Act 2016 
• Directors charged for running a Kenaf Fund without SSM registration
• Directors charged with offering unregistered ginger farming scheme.
• Interest Schemes - S45(1)(f) & S45(2) Interest Schemes Act 2016
• Company charged with Failure to Comply with Trust Deed & failed to deposit amount into the Reserve Fund Trust Account
• Company Secretary
• Company secretary charged for submitting false information of companies international investment syndicate (professional enabler)
• Company secretary charged for submitting falsified audit report
• Company secretary charged for submitting false information regarding appointment details of director through the "Application for Registration of a Company" form
• Company secretary charged for submitting falsified information regarding appointment of director (via Form S58) and transfer of share (via Form S51)

12:55pm - 1:00pm (5 mins)

• Wrap Up & Summary

1:00pm The End of Webinar Session 2 PAID Session

FREE Webinar Invite: SSM’s Latest Enforcement & Prosecution: What Company Secretaries & Directors Must Know

Click here to register for FREE Webinar

At the end of December 2024, two headlines caught my eye:

 "SSM crackdown: Over 6,500 firms penalised for non-compliance." 
“SSM probed 19 firms for illegal investment schemes in first half of 2024."

These reports shook me.

 36,510 fines were issued.

 Over 6,517 legal actions were taken by SSM in 2023 alone – the majority for one simple reason: companies failed to file their annual returns and financial statements on time.
 And now, investment scams are being investigated actively under the Companies Act 2016 and the Interest Schemes Act 2016.

 From 2017 to June, SSM investigated 197 companies. 

 19 companies were investigated for illegal investment schemes the first half of 2024 alone

As I kept watching SSM's social media page updates and the enforcement Ops they're actively conducting with Bank Negara, SC, KPDN, MACC, and others... it became clear:

 SSM is not holding back in 2025.

So we decided to produce a very timely and practical webinar to help you understand what’s happening – and how to protect yourself

 What You’ll Learn:

 SSM’s latest enforcement & prosecution trends
 Which sections of the Acts are most enforced
 Real case studies of directors and company secretaries being charged
 How to spot red flags & fix it before SSM knocks on your door
 What company secretaries & directors must do right now to stay compliant in 2025

 Who Should Attend:
 Company Secretaries 

 Company Directors 

 Compliance Officers & Legal Advisors

 Entrepreneurs & Startups looking to avoid costly mistakes

 Webinar Title:
 SSM’s Latest Enforcement & Prosecution: What Company Secretaries & Directors Must Know

  Speaker: Ms Mah Li Chen (MAICSA Chartered Secretary)

 Warning: She’s FUNNY & Evanna is OCD – Learnabee's webinar not for everyone! 

Webinar Style: In-depth, Immersive & Practical​
 

​​​​​​​Date: (Wed) 30 Apr 2025 & (Wed) 7 May 2025
Time: 9.30am - 1pm

 Schedule:

(Wed) 30 Apr 2025 – Free Session
 Free: 9:30 AM – 1:00 PM

 Click here to register for FREE
 

(Wed) 7 May 2025 – Free + Paid Session
 Free: 9:30 AM – 10:30 AM

 Click here to register for FREE

 Paid: 11:00 AM – 1:00 PM
 Click here to enter PAID webinar room

 Total Training Duration: 6 hours
Replay | Slides | Notes | Certificate of Completion Included

​​​​​​ Ready to Level Up?

 SIGN UP NOW – RM149 for Full Access

 Unlimited Replay
 Downloadable Slides & Notes
 Certificate of Completion (to manually claim your CPD/CPE)

Have questions? Just message Evanna lah!
 WhatsApp: https://wa.link/iuhaod
 Email: [email protected]
(P/S: She’s a one-leg-kick webinar producer, response time may vary )

​​​​​​ Don’t let compliance be an afterthought. Learn what it takes to protect your company, your board, and your professional career in 2025.

Click here to register for FREE Webinar

Click here to sign up for PAID Webinar RM 149

No Jam. No Parking. No Virus. 
Learn Online. Bee Happy ​​​​​​​

 See you inside our webinar, 

Evanna​​​​​​​

📌 Disclaimer

This webinar is intended for educational and awareness purposes only. It summarizes recent enforcement actions and prosecutions by the Suruhanjaya Syarikat Malaysia (SSM) based on publicly available sources. Readers are advised to consult legal professionals for specific advice.

If there is any data discrepancy or doubt, always refer to the official source or SSM website for accurate and updated information.

Frequently Asked Questions

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100% Online Learning, 24/7 Anytime, Anywhere. 100% 网上学习 ，24 小时 随时随地学习与复习。

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Desktop, laptop, smart devices & smart phones (iOS and Andriod supported).

Am I Allowed to Post Questions to Trainer After Live Webinar ?

Yes

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Unlimited Replay of Training Content. Wonderful leh ?! ...

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Yes. You will enjoy Unlimited Download of Video & Training Materials. Good leh ?! ...

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Yes, upon completion, you can download the Certificate of Completion. Syiok Leh ?!

If you want to download the Certificate of Completion at the end of this course, please make sure the FULL NAME you key in is 100% Accurate ya ..

Will you update the training from time to time ?

This is not a guaranteed benefit when you sign up but we will try our best., You will receive UpToDate Training Content whenever the trainer feels necessary to do a follow up webinar. Happy Leh ?!

Disclaimer

Thank you for joining our educational webinar,

Before we begin, we would like to draw your attention to the following disclaimer:

1. Purpose: This webinar is intended solely for educational purposes. The information provided is for general informational and educational purposes only and does not constitute professional advice. The content presented should not be considered a substitute for professional advice, diagnosis, or treatment.

2. Expertise: The presenters and speakers in this webinar are experts in their respective fields. However, the information they provide is based on their own opinions and experiences. Attendees are encouraged to consult with qualified professionals for advice tailored to their individual situations.

3. No Guarantee of Results: While every effort has been made to ensure the accuracy and completeness of the information provided, we cannot guarantee specific outcomes. Results may vary based on individual circumstances, and the application of information discussed in the webinar is at the attendee's own risk.

4. Amendments: The organizers reserve the right to modify, suspend, or discontinue any aspect of the webinar, including content, presenters, and schedule, at their discretion.

By participating in this webinar, you acknowledge and agree to the terms outlined in this disclaimer. If you do not agree with these terms, please refrain from participating in the webinar.

Thank you for your understanding, and we hope you find this educational webinar informative and valuable.