New Companies Act cuts red tape


THE Companies Act 2016 that came into force in stages from Jan 31 this year is intended to increase the ease of doing business in Malaysia.

Companies Commission of Malaysia (CCM) chairman Datuk Seri Jamil Salleh (pic) says the initiative to modernise the legal framework is to cultivate the spirit of entrepreneurship among the public, as there are various policies that will have a positive impact on companies.

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