In Malaysia, the Fellow of the Chartered Institute of
Secretaries (FCIS) and Associate of the Chartered Institute of
Secretaries (ACIS) qualifications are recognized by the Government as
equivalent to Honours degrees whilst the Graduates of Institute of
Chartered Secretaries and Administrators (ICSA) is recognized as
equivalent to a general degree.
Our Government has also gazetted MAICSA as a prescribed body
under Section 235(1)(2) of the Companies, 2016, which means that Associate and
Fellow members of MAICSA can automatically act as company secretaries without
having to apply for a licence from the CompaniesCommission of Malaysia (CCM).
Members of the Institute with more than five (5) years
practical tax experience, either in the Government sector or private sector,
are also eligible to apply to become tax agents under Section 153 (3) of Income
Tax Act 1967. Graduates of ICSA will, however, have to apply for a license
to act as Company Secretaries from the CCM.
In tandem with its mission of developing good corporate
professionals, MAICSA is committed to maintaining the highest standard of
integrity and ethical values within the profession. MAICSA also acts as a
change catalyst in the corporate arena, participating actively in the
enhancement of corporate governance. It has been championing best practices in
corporate governance and educating the Malaysian corporate sector on its
importance.
Have doubts on your company secretary’s qualifications?
Search at: MAICSA website.
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