Lodgement of discharge documents for a Public Company

1. For satisfaction of charge in part or in whole pursuant to Section 360 Companies Act 2016, company need to lodge:
   1. Memorandum of Satisfaction of Registered Charge
   2. Evidence of Satisfaction of Charge/Release or Property or Part of Property from Charge
   3. Statutory Declaration Verifying Memorandum


2. For release of property or undertaking from charge pursuant to Section 360 Companies Act 2016, company need to lodge:
   1. Memorandum where Property or Undertaking is Released Form Registered Charge or has Ceased to Form Part of Company’s Property or Undertaking
   2. Evidence of Satisfaction of Charge/Release or Property or Part of Property from Charge
   3. Statutory Declaration Verifying Memorandum

Fee : RM50.00

More information : Section 360(1) and 360(2) Companies Act 2016

Note:

1. The discharge documents shall be lodged at the nearest SSM counter (except SSM KPDN Putrajaya and SSM UTC Pudu, KL).
2. For satisfaction of charge documents which have been lodged and approved, the charge status will change from "Unstatisfied" to "Partly Satisfied" or "Fully Satisfied". If the charge (example: loan, etc.) has been partly or fully settled, the bank/chargee will inform/give a notification letter to the borrower/chargor..
3. Whereas, for release of property or undertaking from charge, the charge status will change from "Unstatisfied" to "Partly Released" or "Fully Released" if the document is approved. If the property or undertaking (example: securities, etc.)  has been successfully released, the bank/chargee will notify that only that property or undertaking from the charge has been released.