In the digital age, the online presence of businesses has become increasingly important. However, with the rise in online activities, governments are also intensifying the regulation of corporate online behavior. For businesses in Malaysia, complying with regulations—displaying the SSM (Companies Commission of Malaysia) registration code on websites and social media—is crucial.
What is the SSM Registration Code?The SSM registration code is a unique set of codes issued by the Companies Commission of Malaysia, used to identify and verify companies registered in Malaysia. This code is a significant indicator of a company's legality and compliance.
Regulatory Requirements:According to Malaysian law, all businesses registered in Malaysia must clearly display their SSM registration code on their official websites and social media platforms. This regulation aims to enhance business transparency, boost consumer confidence, and also assist regulatory bodies in more effective supervision and management.
Why is this Important?Enhancing Consumer Trust: Displaying the SSM registration code on websites and social media can strengthen public trust in a business's identity and legitimacy.
Compliance: Adhering to this regulation can prevent legal issues and fines due to non-compliance.
Improving Brand Image: Showing the SSM registration code is also a reflection of a business's professionalism and transparency, which can help enhance the brand image.
How to Display the SSM Registration Code?Businesses should ensure that their SSM registration code is in a prominent place on their website, such as the footer or the About Us page. On social media, the registration code can be added in the Bio or About section.
Avoiding Fines:Businesses that fail to comply with this regulation may face government fines of up to RM5,000. Therefore, timely updating your website and social media to display the SSM registration code is key to avoiding unnecessary financial losses.
23 Nov 2023