MCO: Companies Commission raises debt threshold of companies

  • 📰 staronline
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 75%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

PETALING JAYA: The Companies Commission of Malaysia (SSM) has announced new measures to ease the burden of businesses, including raising the threshold of indebtedness of companies.

SSM has now increased the definition of a company’s “inability to pay” from RM10,000 to RM50,000 until December 31.

“The period to answer the notice of claims by a company has also been lengthened to six months, compared to the previous 21 days, ” he said in a statement on Friday . The campaign, called the “2020 Compliance Campaign of the Companies Act 2016”, will be extended until June 30 this year.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 4. in BE

Belgique Dernières Nouvelles, Belgique Actualités