The cabinet has approved a bill to amend the Companies Act 2016, which will be tabled in the Dewan Negara in May. – The Malaysian Insight file pic, April 13, 2023.
“The cabinet has approved the bill’s policy and it is awaiting the approval of the Attorney-General’s Chambers. He described it as an important initiative to assist the corporate sector in facing financial problems especially due to the Covid-19 pandemic’s effects, allowing companies to keep operating and contributing to the national economy.