Effects of late registration of charge(s) for a Foreign Company

1. If charge documents are lodged after the prescribed time period, the company needs to apply for an extension of time via a Court Order pursuant to Section 361 Companies Act 2016 to authorise the Registrar to register the said charges.
2. Once the order has been obtained the company shall lodge the Statement of Particulars to be Lodged with Charge together with the Court Order for registration.

Fee :

1. Court Order : RM100.00
2. Statement of Particulars to be Lodged with Charge : RM500.00

More information :

1. Section 361 Companies Act 2016
2. Guidelines for Application to Extend Time for Registration of Charge, Rectification and/or Amendment of Information of ​Charge (including Cancellation of Charge) under Section 361 of the Companies Act 2016
3. Form- Sections 352(1), 354 & 356(1) Statement of Particulars to be Lodged with Charge