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Resigned as Director but not informed SSM - Company Closure

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asked on Oct 24, 2017 at 19:54
by   Melvo
edited on Nov 9, 2017 at 07:43
 
My company is currently winding down their business for the Malaysia entity.
Out of my gut feelings, I did a check with Suruhanjaya Syarikat Malaysia (SSM) and was made to understand that I’m still the director of the company.

Therefore I did further check with the engaged company secretary for the company, asking reason why my letter of resignation as director which was sent back in October 2016 along with:
1. official letter of resignation as director
2. supporting email from senior management that they accepted my resignation

Have yet been executed with Suruhanjaya Syarikat Malaysia (SSM) and any other relevant authorities.

The reason given was that they was that the finance Mgr who are in charge of this was holding back on this, despite of the more senior management team have all accepted my resignation.

Right now, the company secretary told me I should sign the M&A for changing from 2 directors to 1 or else they can’t do anything to wind down business appropriately. Whilst I have already resigned and accepted since October 2016, just that they didn’t execute with SSM.

May I ask for some expert advise on whether I should still sign it?

Would this backfire since I have resigned on October 2016 and now they would like me to sign it.

Should company secretary and another foreign director be able to sign to wind down business with single director signing.

Appreciate for any advise I may take.
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1 Answers

answered on Oct 28, 2017 at 23:33
by   jeff005
edited Nov 9, 2017 at 07:46
 
Right now, the company secretary told me I should sign the M&A for changing from 2 directors to 1  
1. I am 1 out of 2 directors of my Malaysian private limited entity. While the other director was my big boss who is a foreign director.  
Why the need to change? Already fulfilled the 1 Local Director... You!

You have to get a replacement local director first before you can resign.
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