Hold/acquire/charge/mortgage/sell/lease/dispose land by a Company Limited By Guarantee

Applicant should make an application to hold/acquire/charge/mortgage/sell/lease/dispose land by a Company Limited By Guarantee by filling out Section 45 Application by CLBG for Minister’s approval (Appendix A) and attach supporting documents according to Checklist 5.

The application should be submitted to SSM counter for Minister's approval.

Fee :

1. Each acquisition/holding of land / property : RM 300.00
2. Each charge of land / property : RM 300.00
3. Each mortgage of land / property : RM 300.00
4. Each sale/transfer/disposal of land / property : RM 300.00
5. Each lease of land / property : RM 300.00

More information :

1. Guidelines on Company Limited By Guarantee
2. Checklist 5
3. Section 45 Companies Act 2016
4. FAQ Company Limited By Guarantee

Note :

1. Except a land which received from a third party by way of donation, all CLBG needs to have two (2) years audited financial statements.
2. All land owned by CLBG should obtain approval from Minister.
3. CLBG must obtain license to hold land before applying for disposal/mortgage/leasing of land or property.
4. If a CLBG acquires any land without prior approval from Minister, that ​CLBG is required to obtain a Court Order under Section 582(3) Companies Act 2016.
5. The fee is subject to the holding/disposing/mortgaging/leasing of land of each field or unit of land.