Beneficial Owner Disclosure

Chin Ee LinDirector, MYBA

SECTION 56 CA 2016

Company requires every member to disclose BO effective 1 March 2020.

BO REPORTING

Only those holding 20% interest or more or those who control the entity require to disclose.

EXEMPTION FROM REPORTING

  1. Financial Institution
  2. Public Listed Companies
  3. Public Un-Listed Companies where shares are still in central depository
  4. Securities Commission licensed Companies

TIMELINE TO SUBMIT

For Existing Company: Within 14 days from the date of reply slip.

For Newly Incorporated Company: Within 30 days after the date of appointment of company secretary

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