Tax-Related Concessions Special Voluntary Disclosure Programme by the Royal Malaysian Customs Department (RMCD) to be introduced, with remission of penalty of 100% for phase 1 and 50% for phase 2.… Read More »Snapshot of Budget 2022
Approval in General Meeting Required for Disposal of Substantial Property Are you aware that approval in General Meeting is required for disposal of the company’s substantial asset/property? SSM Prosecuted Company… Read More »Company Director Charged for Disposal of Substantial Property Without Approval in General Meeting
China Evergrande Group (“Evergrande”) has appeared in the headlines of world financial news lately. The China property giant is on the brink of collapse. A case of rapid growth and… Read More »China Evergrande Group on the brink of collapse?
DUBAI, Aug 26 (Reuters) – Holders of around $70 million in troubled bonds issued on behalf of state-owned Air Seychelles have filed a petition to wind up the African airline,… Read More »Creditors file winding up petition for Air Seychelles
JAKARTA, Aug 14 (Bloomberg): Flag carrier PT Garuda Indonesia has shrunk its management to reduce costs as the airline restructures its way out of a pandemic-driven financial crunch. Garuda now… Read More »Indonesia’s Garuda removes directors to save costs amid debt restructuring
BY BERNAMA KUALA LUMPUR (Aug 24): Amendments will be made to legislation to enable businesses to remain competitive and to make Malaysia a preferred destination in doing business, said Domestic Trade and… Read More »Laws to be amended to keep businesses competitive — Ministry Sec-Gen
Companies Commission of Malaysia (SSM) has made the following media statement on 18 August 2021: Source: SSM 💕 *Follow us on: Facebook or Linkedin for updates *Follow us on: Telegram… Read More »Director of a company charged for making false statement
The Minister of Domestic Trade and Consumer Affairs, Datuk Seri Alexander Nanta Linggi had via Gazette No. 4159/2021 increased the amount of indebtedness under Section 46(1)(a) of the Companies Act… Read More »Indebtedness Threshold be raised to RM50,000
Are you aware that a bankrupt or insolvent individual can’t act as a director? An insolvent individual/a bankrupt would require consent/approval from the Court prior to acting as a Director… Read More »SSM Prosecuting an Insolvent Individual for Acting as Director
Threshold of Indebtedness be temporary increased The threshold of indebtedness of RM50,000 which was prescribed pursuant to paragraph 466(1)(a) of the Companies Act 2016 under Gazette Notification 8032 (G.N. 8032)… Read More »Extension of Temporary Relief for the Prescription of Amount of Indebtedness of Company Under Paragraph 466(1)(a) of the Companies Act 2016
