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Licensing & Requirements

In Malaysia, there are specific services that could only be performed by the approved liquidators.

Approval as an approved company liquidator is given by the Ministry of Finance (MOF) as per the Section 433(4C) Companies Act 2016. The MOF then has delegated its power to approve the application of approved liquidators under Section 433 of the Companies Act 2016, to the Accountant General (AG).

Eligible persons who wish to apply to be an approved liquidator are required to submit their application with AG and to sit for and pass the interview with the Committee for the Approval of Approved Liquidator.

Each approval is only valid for 2 years and is renewable every two years.

Application Requirements

To be a liquidator, a member must be in possession of a liquidator licence granted by the Accountant General’s Office pursuant to the Companies Act 2016.

The requirements for applying for a liquidator licence are as follows:

1. Must be a Malaysian citizen or permanent resident;

2. A member of recognised professional body under Section 433(5) on the Companies Act 2016 and hold a valid Practising Certificate;

3. Not a bankrupt, not been convicted in the immediate past 5 years whether within or outside Malaysia of any offence involving fraud or dishonesty relating to the promotion, formation or management of any body which punishable on conviction with imprisonment for three months or more;

4. There is no pending enforcement or legislative action that has not been resolved against the applicant under the Companies Commission of the Malaysia Act, 2001 (“CCM Act 2001”) or any provisions or legislation in the First Schedule under the said Act;

5. Possess sufficient working experience in liquidation practice as follows:

(a) 5 years of full-time working experience in the field of liquidation;
(b) Candidates who have left liquidation practice, but still within a 3 years period prior to the application to be approved company liquidators, are still eligible to apply.
(c) For candidates who have left liquidation practice for more than 3 years, they must work for at least 1 year in insolvency in the Malaysian environment.
(d) Experience in other countries can also be considered however, candidate must work for at least 1 year in liquidation in the Malaysian environment.

6. A sponsor letter from an approved liquidator who has supervised the candidate;

7. Must have the capacity in carrying out the duties as a liquidator.

8. Applicant must practice as Liquidator at the registered firm on a full time basis.

Application Procedures & Guidelines


Unit Unit Kawal Selia Juruaudit dan Penyelesai Syarikat
Bahagian Pembangunan Perakaunan dan Pengurusan
Jabatan Akauntan Negara Malaysia
Aras 6 & 7, Kompleks Kementerian Kewangan
No.1, Persiaran Perdana
Presint 2, 62594 Putrajaya

Public Practice
Member Firm Registration Requirements & Guidelines
Setting Up Practice in Malaysia
Member Firm Compliance