Ruche Associates

19/02/2016

Thank you people for the Likes we got for our page. Come visit us to experience the REAL thing!!

08/02/2016

We would like to wish all our clients and friends a very happy Chinese New Year and lots of joy and prosperity in the coming year.

31/12/2015

To all our clients and friends, we wish to take a moment to reflect on all that we shared in 2015. Our appreciation for the opportunity to work together and for our mutual successes and achievements. May 2016 be as awesome and enjoyable as it was this year. Once again thank you and may God bless you and all thats yours.

16/07/2015

12/12/2014

Our new website is up and running. Please do visit and share. Thanks.
www.stancoruche.com

19/11/2014

Thanks for the kind words and comments received from our recent series about Limited Liability Partnerships (LLP's). Glad it stimulated so much interest in the matter. If you want to talk to someone about this please feel free to drop by our offices or call me or our Miss Latha @ (03) 79 585 285 Mondays to Fridays from 9.00 am to 5.00 pm. Cheers people and thanks once again.

27/10/2014

Limited Liability Partnership (LLP)- 3rd Installment

Registration of a new LLP- What's needed?

1. Name of the proposed LLP. OK that's obvious!
2. General nature and the proposed business of the LLP.
3. The proposed Registered Office of the LLP. This can be your Company Secretary's office.
4. Full details of all parties who are to be partners in the LLP. The usual Name , copy of Identity card, current postal address if different from IC.
5. The proposed individual who is to be designated as the Compliance Officer. This can be your Company Secretary.
6. If the proposed LLP is for the purposes of carrying on a professional practice, an approval letter from the governing body of that profession shall accompany the application. (First Schedule, LLP Act 2012)
7. Any other information specifically requested by the Registrar.
8. An LLP registration must be done by the Compliance Officer duly appointed by the LLP.

Compliance Officer- Criteria & Responsibilities

1. A person qualified to be a Company Secretary (Companies Act 1965) or one of the partners of the LLP.
2. Minimum of 18 years of age
3. Citizen or permanent resident o Malaysia
4. Ordinarily resident in Malaysia
5. Responsible for lodging and submitting documents on behalf of the partners of the LLP (Regulation 6, LLP Regulations 2012)
6. Registering changes as the occur in the LLP (S.17 LLP Act 2012)
7. Maintain registers and statutory documents at the registered office ( S.19 LLP Act 2012)
8. Publish name and registered number outside the registered office (S.20 LLP Act 2012)
All other matters required by the registrar to be done pursuant to LLP Act 2012 and/or LLP Regulations 2012.

As you can see the duties and responsibilities of the Compliance Officer can be onerous which is why it could be easier to leave that responsibility with perhaps the Company Secretary.

That's your 3rd and possibly last Installment. If there is anything else you want to know, please feel free to drop me a line. Cheers!!

20/10/2014

Limited Liability Partnership (LLP) - 2nd Installment

What are the key features of an LLP?
1. An LLP is a body Corporate and has a legal presence very apart from its partners or promoters, i.e a separate legal entity.
2. In that sense an LLP can act in its own name, capable of suing and being sued, it can acquire, own hold, develop or dispose of property.
3. It may do and also suffer such other matters that bodies corporate may legally do and incur or suffer the consequences.
4.Changes to the partners of an LLP will not in any way affect the rights, existence or liabilities of the LLP.
5.In essence an LLP has perpetual succession.
6. An LLP is different to a general partnership in that any debts and obligations of the LLP will be borne by the the LLP from its assets. In the case of general partnerships, the partners are jointly and severally liable with the firm.

How is an LLP different from a Company? The main differences are:
1. There are no issuance of shares. Partners contribution only
2. No requirement to hold an Annual General Meeting (AGM)
3. No need to submit financial statements to SSM
4. Financial Statements need not be audited
5. Flexibility in making decisions. No Board of Directors. Partners only
6. LLP- Minimum of 2 partners with no maximum number
7. Company- Minimum 2 and maximum 50 shareholders (Sdn. Bhd.)

That's your 2nd installment folks. Stay tuned.

17/10/2014

I am proposing to provide for your information and benefit some new and perhaps better way of getting into business for small or medium sized enterprises.
A lot of people are aware of partnership arrangements but of course are concerned with the absence of limited liability protection that private limited companies (Sdn. Bhd.'s) provide. Partnerships do not provide a limit to your liability and the partners are exposed to adversity in their personal capacities to the extent of the liability that the partnership is exposed to.
There is now a solution:
LIMITED LIABILITY PARTNERSHIPS - LLP
Today I will give you a snapshot of what an LLP is and over the next few days or weeks go into some of the detail you should know.
So what is an LLP?
An LLP is basically an alternative business vehicle to carry out business that combines the features of a private company and a conventional partnership as we know it. An LLP provides limited liability status to its partners and offers the incredible opportunity for any form of internal arrangement that the partners desire to have amongst themselves in the conduct of the LLP.
What sort of businesses are suited for this LLP format?

Professional Practices (Accountants, Lawyers etc etc)
Small & Medium sized businesses
Joint Venture proposals

That's your installment for today. Stay tuned for more updates as to the features of an LLP, how to go about forming an LLP etc etc.

Let me have your comments or any queries you may have and I will respond to you as early as I can.

That's it for now. Its Friday. Go have a beer.

08/10/2014

SPECIAL SEASON OFFER
From now until December 31, 2014
Transfer your Company Secretarial Service to Ruche Associates and enjoy a 20% discount on your current fees for the whole of 2015.
Don't miss out on this opportunity people!

02/10/2014

Thought I would share with you contents of a seminar I attended recently. Could help you understand the basics of investing in Malaysian Listed Companies. Well written in simple easy language for ease of understanding. You can download a copy for free here:
Guide to Understanding Annual Reports : Malaysian Listed Companies -
http://www.cpaaustralia.com.au/~/media/corporate/allfiles/document/professional-resources/reporting/understanding-annual-reporting-malaysia.pdf
Read more at http://www.mia.org.my/new/news_details.asp?ID=4836 .99

Good Luck!

30/09/2014

Just to answer some requests, this is really what we can as a group help you with:

Basically we have two entities and they are:

1. Stanco & Ruche Consulting Sdn. Bhd. (SRC)

SRC provides Public Listed Companies PLC’s) with outsourced Internal Audit and Risk Management solutions. It is quite difficult for companies today to maintain an Internal Audit Department due to the sheer cost and staffing concerns. In any event for most PLC’s, Internal Audit is considered a non-core activity and yet an essential and regulated area that requires compliance. Further due to internal constraints, Risk Management is also proving to be a strain on the resources of several PLC’s.
This is where SRC provides the necessary support to management. We support and are an integral part of the management function whilst maintaining our independence, reporting directly to the Audit Committee of the Board. You can read more of this by visiting our website at www.stancoruche.com. (We will be updating the site shortly as well.)

2. Ruche Associates (RA)

RA is a separate entity that provides comprehensive Corporate Secretarial Services comprising Company Incorporations and Formations, Registered Office and Accounting and Audit services through our associates. Basically RA is a one stop Center for all your Corporate Secretarial and Financial needs. For a full listing of our services please do visit our website again at www.stancoruche.com and click on the link for RucheAssociates.

Thanks for your interests good people.