CCM: Companies to submit documents via new platform soon

KUALA LUMPUR: All companies are required to submit their Annual Statements, Unaudited Financial Statements, and Certificates for Exempt Private Company (EPC) in stages before using the Malaysian Business Reporting System ( MBRS) in November this year.

In a statement, the Companies Commission of Malaysia (CCM) said yesterday the mandatory implementation of submissions via MBRS will proceed over two phases.

“In the first phase, companies in Kuala Lumpur and Selangor are required to submit their Annual Statements, Unaudited Financial Statements and EPCs beginning this November.

“In the second phase, companies in other states should submit these three documents in subsequent months according to the schedule,” it said.

Those in the central zone (Kuala Lumpur and Selangor) face a deadline of November 2018, while those in the Southern ZOne (Negeri Sembilan, Melaka and Johor) must submit their documents by December this year.

Those in the Eastern Zone ( Pahang, Kelantan and Terengganu) face a deadline of January 2019, while those in the Northern Zone encompassing Perlis, Perak, Kedah and Penang face a February 2019 deadline.

Companies in the East Malaysian zones covering Sabah, Sarawak and Labuan must submit their documents by the March 2019 deadline.

CCM said the date for mandatory implementation of MBRS for Unaudited Financial Statements will be determined later.

MBRS was developed by CCM based on the Xtensible Business Reporting Language format.

Voluntary submissions via MBRS may be done online from Sept 28, CCM said, adding that companies are encouraged to use the MBRS platform for the services offered before mandatory submission is enforced by CCM. — Bernama

In the first phase, companies in Kuala Lumpur and Selangor are required to submit their Annual Statements, Unaudited Financial Statements and EPCs beginning this November. CCM