An Overview Of Procurement Practice In Company Commission Of Malaysia Kuala Lumpur / Nurul Fazren Kamaruzzaman

Companies Commission of Malaysia is a statutory body responsible for regulating companies and businesses in Malaysia and is an agency under the Ministry of Domestic Trade, Cooperatives and Consumerism Malaysia. The Companies Commission of Malaysia is a statutory body formed as a result of a merger between the Registrar of Companies (ROC) and the Registrar of Businesses (ROB) in Malaysia which regulates companies and businesses. Next, Companies Commission of Malaysia came into operation on 16 April 2002. Basically, the main activity of Companies Commission of Malaysia is to serve as an agency to incorporate companies and register businesses as well as to provide company and business information to the public. As the leading authority for the improvement of corporate governance, Companies Commission of Malaysia fulfils its
function to ensure compliance with business registration and corporate legislation through comprehensive enforcement and monitoring activities so as to sustain positive developments in the corporate and business sectors of the Nation. Apart from that, it has evolved and has 14 state offices, 4 offices and 1 service center. Moreover, Companies Commission of Malaysia is responsible for the administration and enforcement of the following legislation. For instance, Companies Act 1965 (Act 125), Registration of Businesses Act 1956 (Act 197), Trust Companies Act 1949 (Act
100). Kootu Funds (Prohibition) Act 1971 (Act 28), Limited Liability Partnerships Act 2012 (Act 743) and also any subsidiary legislation made under the Acts specified such as Companies Regulations 1966 and Registration of Businesses Rules 1957.