SSM extends compound reduction incentive under Companies Act 1965 until Dec 31

KUALA LUMPUR: The Companies Commission of Malaysia (SSM) will extend the compound reduction incentive under the Companies Act 1965 starting from Nov 1, 2022 until Dec 31, 2022.

Under this incentive, companies and directors are eligible for a reduction of 90 per cent from the original value of the compound for all compounds under the Companies Act 1965, according to a statement by SSM.