PETALING JAYA: Selected private companies that are not able to offer shares to members of the public, would be able to do so under the amendments to the Capital Markets and Services (Amendment) Act 2015 (CMSA).
Under the amendments, private companies that are hosted under the Securities Commission’s (SC) equity crowd-funding platform are provided a “safe harbour” from provisions in the Companies Act that prohibit the issuance of shares to members of the public.
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