In view of the economic contraction caused by Covid-19 pandemic, many companies which are not well prepared to face the situation is in a tough position right now.
Directors now have to make a tough decision whether the business could continue or should they call it a day i.e wound-up, which is what we called “chap lap” in Cantonese.
BUT are you aware, even if the company is forced to “chap lap” due to no business or whatever reasons, the company need to be closed down (wound-up) in accordance with the Companies Act of Malaysia?
Talk to us today to see what option you have in such situations at +6010-231 9177.
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