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
Corporate Voluntary Arrangement (CVA) is one of the corporate rescue mechanism available under the Companies Act 2016. You may find out more on the various type of corporate rescue mechanism… Read More »Biztalk-Corporate Recovery Series #15 Corporate Rescue Mechanism: Corporate Voluntary Arrangement
Higher amount to be accounted for / taken into consideration for a restructuring exercise (of a developer company). A landmark decision by the Federal Court: When you buy a house… Read More »Court: LAD Payment for Late Delivery of Houses Must be Calculated from Date Booking Fee is Paid
When a company is placed in a liquidation/winding-up status, any legal action to be taken shall require sanction from the Liquidator or the Official Receiver as the case may be.… Read More »Biztalk-Corporate Recovery Series #13 Can a sanction by the Liquidator be applied retrospectively?
PUTRAJAYA (Jan 20): The Court of Appeal has ruled that a listed company that has been served with a winding-up order must be delisted, based on Bursa Malaysia’s listing rules.… Read More »The Edge: Companies must be delisted once winding-up order served
You may have asked around and being told that there are two options to cease a solvent business in Malaysia. One of which is Striking Off and the other is… Read More »Biztalk: Corporate Recovery Series #11 What are the effects of Striking Off?
Biztalk: Corporate Recovery Series #10 Planning to retire and close your company? What are your options for closure of the company?
Whether your company has achieved the objective for which it was set up for, or the management of the company has decided to call it a day and retire, or… Read More »Biztalk: Corporate Recovery Series #10 Planning to retire and close your company? What are your options for closure of the company?
What is Members’ Voluntary Liquidation or MVL in short? Members’ Voluntary Liquidation is a formal liquidation process whereby solvent companies would be wound-up and assets are realised and distributed to… Read More »Biztalk: Corporate Recovery Series #9 What is Members’ Voluntary Liquidation?
Biztalk-Corporate Recovery Series #8 Why is it advisable to properly close down your company when you ceased business?
When you cease your business activities, why do you need to properly close down your company? It is usually due to several reasons, some may want to have a peace… Read More »Biztalk-Corporate Recovery Series #8 Why is it advisable to properly close down your company when you ceased business?
What is Insolvent Trading and why must company Directors pay attention to this? How can Bizboard help? As a team of professional accountants, Bizboard work and liaise with various professionals… Read More »Biztalk-Corporate Recovery Series #7 What is Insolvent Trading?