Miri: The third phase of implementation for the Malaysian Business Reporting System 2.0 (MBRS 2.0) will begin on 1 June, involving documents under the Companies Act 2016, Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali said. With this phase's implementation, the physical submission of statutory documents at the Companies Commission of Malaysia (SSM) counters will be completely discontinued starting from that date.

According to BERNAMA News Agency, Phase 3 will cover Audited Financial Statements (AFS), applications and submissions for rectification or court orders for AFS, as well as all applications related to time extensions or exemptions for AFS under the Companies Act 2016. This initiative aligns with the MADANI government's agenda to boost digitalisation of government agency services, as mentioned by Armizan during a press conference after officiating the SSM Miri branch office at Miri Times Square, Marina ParkCity.

Armizan explained that MBRS 2.0 is an enhanced version of the original MBRS system, designed to streamline the submission process for annual returns, financial statements, reports, and exemption applications in stages under the Companies Act 2016 and Companies Act 1965. The system was developed as a digital platform to replace physical counter submissions, aiming to improve efficiency, transparency, and user convenience.

He further detailed that Phase 1 of mandatory statutory document submissions via MBRS 2.0 was implemented from December 1 last year, covering Annual Returns (AR), Unaudited Financial Statements and Reports (UFS), Exempt Private Company (EPC) Certificates, as well as applications for rectification or court orders for AR and UFS under the Companies Act 2016.

Phase 2, effective March 1, involves AR, Financial Statements and EPC Certificates under the Companies Act 1965, Financial Statements for financial institutions regulated by Bank Negara Malaysia under the Companies Act 1965 and 2016, and documents related to foreign companies.

During the event, Armizan also presented corporate zakat wakalah and Corporate Social Responsibility (CSR) contributions from SSM totaling RM197,356. A hearse van worth RM137,356 was handed over to the Al Ummah Mosque, while RM60,000 was distributed to asnaf, persons with disabilities (PwD) associations, and surau around Miri.