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Interest scheme involves the pooling of a financial contribution from the public in exchange for an interest in a particular scheme. While the traditional means of business involve exchanging money with outright ownership of property or rights, by virtue of being dynamic, business continues to evolve. Thus, business creativity has created new classes of assets and this include "interest", which connotes that a right obtained by the purchasing public may be temporary, fractional or not outright. There can be many forms of interest and only limited by the boundary of creative business minds. Driven by the opportunity to get easy credit or funding from the public under the guise of innovative and clever business schemes, some irresponsible business operators actively offer interest to the public to achieve a bigger pool of financial contribution in unregulated environment. If left unchecked, there could be far reaching public implications. The Interest Schemes Act 2016 was introduced to address such potential problems by providing strong regulatory control and investor protection safeguards. For the public intending to diversify their investment portfolios to meet their unique investment goals, interest scheme offers another option to the investing public by participating in a different asset class investment platform subject to careful consideration of the potential benefits against the risks involved. For companies especially the Small and Medium Enterprises (SMEs), depending on their business strategies, interest scheme offers them an alternative method of funding their business growth beyond the traditional financing options.

BizTrust

SSM BizTrust via SSM BizTrust QR Code is a mechanism for verifying identity of business entity and is a benchmark for compliance with the Acts administered by SSM. Other than that, SSM BizTrust serves as a digital identification to business entities in compliance with the Acts administered by SSM in creating consumer confidence to conduct transactions with business entities.

SSM BizTrust enables Malaysian online business entities to capitalize on the rapidly growing industry. SSM BizTrust is a means to build trust and gain consumer confidence in doing online transaction and to create a business community that is secure and adheres to the ethics of online business practices with validation through the SSM BizTrust QR Code.

Corporate and Business Information Data (CBID)

Customisable data for both companies and businesses that you can customise at affordable prices!! Data includes list of companies or statistical data.
Why Do You Need It?

• For business growth information in a respective location.
• For marketing purposes or networking collaboration.
• For exclusive research and analysis.
• For business expansion analysis either through joint venture or alliances.

Business, Company and LLP Information

A report which contains the information of a business, company or limited liability partnership.

BizCodEX

SSM BizCodEX is a business code search system designed to help the public identify suitable business codes based on registered business activities. The business codes used by the Companies Commission of Malaysia (SSM) are based on the Malaysian Standard Industrial Classification (MSIC) 2008 Version 1, provided by Department of Statistics Malaysia (DOSM). Launched on 11 November 2024, SSM BizCodEX serves as a tool to match Kod Bidang Bekalan dan Perkhidmatan MOF and Kod Pengkhususan CIDB with the MSIC 2008 that is used as the standard for economic classification.

Click here for more information.

The Malaysian Business Reporting System (MBRS) refer to the submission platform-based o the extensible Business Reporting Language (XBRL) format. MBRS allow for the submission of:

• Annual Return (AR)
• Financial Statements and Report (FS); and
• Exemption Applications (EA) related to the FS and AR.

The guiding principles behind the financial and the non-financial scopes for MBRS is based on the Companies Act 2016, Malaysian Private Entities Reporting Standards (MPERS) and Malaysian Financial Reporting Standards (MFRS).

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Please be informed that effective 1 August 2022, under the amended Fourth Schedule of the Companies Act 2016 (CA 2016) and First Schedule of the Limited Liability Partnership Act 2012 (LLP Act 2012) the word "Sabah Law Association" will be substituted with the word "Sabah Law Society". ​Therefore, effective 1 August 2022, Sabah Law Association will cease to be an Approved Body under the Fourth Schedule of the CA 2016 and a Governing Body under the First Schedule of the LLP Act 2012. Please click at the links to view the Gazette Orders dated 15 July 2022 HERE and HERE.

​SURUHANJAYA SYARIKAT MALAYSIA
1 August 2022