Procedures for incorporating a Company Limited By Guarantee without the word "Berhad" or "Bhd"
The procedures for incorporating a Company Limited By Guarantee(CLBG) with the word "Berhad" or "Bhd" under Section 45 Companies Act 2016 are:
1. Applicant should make an application at MyCoID and click 'Application for Reservation of Name - Optional' menu to apply for reservation of name.
2. Next, applicant should submit Section 45 Application by CLBG for Minister’s approval (Appendix A) with supporting documents according to Checklist 1 to SSM counter.
Fee :
- Application for name reservation : RM 50.00
- Minister's approval :
- With the use of gazetted words : RM 700.00
- Without the use of gazetted words : RM 400.00
- Registration of CLBG : RM 3000.00
More information :
- Guidelines on Company Limited By Guarantee
- Checklist 1
- Section 45 Companies Act 2016
- Section 26 & Section 27 Companies Act 2016
- FAQ Company Limited By Guarantee
Note :
- The biodata, qualification and experience in charitable activities for each proposed director and promoter has to be prepared according to format in Example 3 .
- An estimated/forecasted income and
expenditure for a period of 2 years from the establishment of
the CLBG has to be prepared according to format in Example 4. The statement should show
the contribution from the donor.