MCO: Companies Commission raises debt threshold of companies


PETALING JAYA: The Companies Commission of Malaysia (SSM) has announced new measures to ease the burden of businesses, including raising the threshold of indebtedness of companies.

SSM has now increased the definition of a company’s “inability to pay” from RM10,000 to RM50,000 until December 31.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

M'sia to contest for Unesco Executive Board seat
Avoid raising issues on social media that can harm racial harmony, says Tiong
Check out the new MRT3 Circle Line
Families come together at the parade in Ipoh
Early planning under Bill
Hardcore criminal shot dead in Rawang
Cruising through in style with His Majesty’s Rolls-Royce
Dazzling display of uniquely M’sia
SAR op called off after nine days
Circle Line plan up for public view

Others Also Read