Longer period for companies to repay debts

According to Domestic Trade and Consumer Affairs Minister, Datuk Alexander Nanta Linggi there will be no winding up of companies unless they fail to repay their debts within six months instead of the 21 days.

KUALA LUMPUR: Debt-laden companies will have more time to repay their debts under the Companies (Exemption) Order 2020, which came into effect on Thursday and until Dec 31,2020.

According to Domestic Trade and Consumer Affairs Minister, Datuk Alexander Nanta Linggi there will be no winding up of companies unless they fail to repay their debts within six months instead of the 21 days.