SSM proposes amendment to Companies Bill | Malay Mail

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SSM proposes amendment to Companies Bill

SSM chairman Datuk Seri Hasnol Zam Zam Ahmad said some of the initiatives introduced by the agency to reduce the burden of companies affected by Covid-19 were temporary and not a long-term protection mechanism. — Picture by Ahmad Zamzahuri

SSM chairman Datuk Seri Hasnol Zam Zam Ahmad said some of the initiatives introduced by the agency to reduce the burden of companies affected by Covid-19 were temporary and not a long-term protection mechanism. “The existing provisions of the act may not provide an effective protection to the business community and the change in the existing act is necessary to provide a more sustainable and effective mechanism in the future.

Commenting on the number of companies that have folded up due to the Covid-19 pandemic, Hasnol Zam Zam said the details would only be known as early as the first quarter of next year.

 

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