From left: Michael Chai, deputy secretary-general II of ACCCIM; Zahrah, Liew and the two deputy chairmans of ACCCIMs Legal Affairs Committee, Datuk Wong Pui Lam and Tan Kar Ping.
The Companies Act 1965 will soon be replaced, as a new, more modern set of legislation called the Companies Bill 2015 takes its place and puts an emphasis on better governance and improving internal controls in business operations. HO WAH FOON reports.
THE Companies Bill 2015, which is awaiting the Yang Di-Pertuan Agung to sign it into law, is likely to spur more young people to start new enterprises as it will simplify application procedures and lower the entry cost into business.
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