Companies Act 2016 · Updated to 31 Jan 2025 · Part II · Formation and Administration of Companies
60B. Register of beneficial owners of company
Feedback & supportEvery company shall keep a register of beneficial owners of the company and record in the register—
the full name, addresses, nationality, identification and usual place of residence of a person who is a beneficial owner of the company;
the date the person becomes a beneficial owner of the company;
the date the person ceases to be a beneficial owner of the company; and
such other information as the Registrar may require.
The register of beneficial owners of the company shall be kept at the registered office of the company or any other place in Malaysia as notified to the Registrar.
The company shall lodge with the Registrar a notice on any change to the particulars in the register of beneficial owners of the company.
Any notice required under subsection (3) shall be lodged within fourteen days from the date on which the change is recorded in the register of beneficial owners of the company.
The company shall retain the information of a person who has been recorded in the register of beneficial owners of the company as a beneficial owner but subsequently ceases to be a beneficial owner of the company for seven years from the date the person ceases to be a beneficial owner.
beneficial owner
“beneficial owner” means the ultimate owner of the shares and does not include a nominee of any description;
The company and every officer who contravene this section commit an offence and shall, on conviction, be liable to a fine not exceeding twenty thousand ringgit and, in the case of a continuing offence, to a further fine not exceeding five hundred ringgit for each day during which the offence continues after conviction.
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The Registrar shall determine the form, manner and extent of the information to be kept under subsection (1) and lodged under subsection (3).
The register of beneficial owners of a company shall be prima facie evidence of any matters inserted in the register under this Act.
The Minister may, in relation to access to the register of beneficial owners of the company kept at the registered office of the company or beneficial ownership information lodged with the
Registrar, prescribe—
any person or class of persons who may access the register of beneficial owners of the company or the beneficial ownership information;
the manner and terms and conditions for accessing the register of beneficial owners of the company or the beneficial ownership information; and
the fee for the supply of the beneficial ownership information.
In this section, “identification” means, in the case of any person issued with an identity card issued under the National Registration
Act 1959, the number of the identity card, and in the case of a person not issued with an identity card, particulars of passport or such other similar evidence of identification as is available.