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.
How can Bizboard help?
As a team of professional accountants, Bizboard work and liaise with various professionals such as legal advisors, financial institutions, government authorities and other related professionals to achieve the best possible solution and highest recovery for all stakeholders throughout the insolvency or restructuring process.
Bizboard act as independent adviser to ensure the process is conducted in proper order and in accordance to the relevant laws and regulations. Our highly qualified team have worked throughout various cases in different industries and have an extensive knowledge of business and the impact on stakeholders when a company faces financial distress.
Talk to us to know more.
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