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Exiting a Business in Malaysia

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A business can be terminated by presenting a notice for the termination of business via Form C (Notice of Termination for a Registered Business).

i)      Procedures to Exit a Business

Fill and complete Form C and present the Notice of Termination for a Registered Business to the Companies Commission.

Form C is to be filed within 30 days from the date of termination of business.

The owner / the person responsible for the business need to sign Form C in the presence of an Authorized Officer. State the reasons for the termination of business.
Eg: File a notice of termination due to death within 4 months from the date of death. The heir of the deceased needs to file a notice of termination if a sole proprietorship is terminated due to death. In the case of a partnership, the other partner(s) can file the said notice.

No fees are imposed for the registration of termination for a business.

ii)     Checklist of documents to be attached with the above:

No.

Documents

Remark

1

Business Registration Certificate (Form D)

 

2

Copy of the Court Order, if termination is upon Court order

 

3

Copy of the Death Certificate, if death is involved

 

4

Append the documents related to bankruptcy, if the owner is declared bankrupt.

 

More information on how to exit or terminate a business, do look through these links:

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