BUSINESS operators who fail to put up their company registration number on signboards outside their premises will be slapped with a RM5,000 compound.
Seberang Prai City councillor Michael Tan said the compoundable offence by the Companies Commission of Malaysia (CCM) came under Section 30 (1)(b) of the Companies Act 2016.
He said a managing director of a uniform trading company sought his help after he was fined RM5,000 for not displaying the registration number issued by CCM.
“I am now helping him to appeal to have the compound reduced.
“He had appealed twice at the CCM office n Bandar Seberang Jaya near Butterworth, ” he said during a press conference at a restaurant in Bukit Mertajam on Tuesday.
Present was the company’s managing director Alan Oh E.H.
Tan said he learnt that CCM had issued similar compounds to about 20 to 30 business operators for not displaying their registration numbers on their signboards.
“This is not only happening in Seberang Jaya or Penang, but all over the country.
“It is not easy to pay the RM5,000 compound as many business owners have been badly affected by the Covid-19 pandemic, ” he said, adding that CCM should provide more time for business operators to display the registration numbers.
Meanwhile, Oh, who has been in business for 40 years, said he was surprised when the CCM officers issued him the compound at his premises in Jalan Prai Jaya, Bandar Prai Jaya near Butterworth.
Did you find this article insightful?
83% readers found this article insightful