The Registrar of the Companies Commission of Malaysia (“
Registrar”) issued a
revised Practice Directive No. 7/2021 on 1 December 2024 (“
Revised P.D.”), in place of Practice Directive No. 7/2021 issued on 8 March 2021 (“
Original P.D.”).
In essence, this practice directive sets out the requirements that have to be complied with by a company in relation to the beneficial ownership information to be lodged with the Registrar together with its Annual Return and any changes or updates to such information.
The main changes under the Revised P.D. are as follows: