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.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Newly appointed PN chairman seeks political consensus for all Malaysians
Hamzah, 18 MPs reaffirm support for PN under new chairman Ahmad Samsuri
PKR vet says he'll continue supporting Pakatan despite not defending his seat
Villager hears explosion outside house as fire engulfs homes
School reopening in Paitan, Sabah delayed after worst ever flood destroys classrooms
Sarawak fully recovers from floods
Two recycling premises suspected in Sungai Kabul odour pollution
PAS should hold Opposition Leader post, but we have to think about it, says Takiyuddin
Dr Sam has proven his ability to lead PN, says PAS sec-gen
Thunderstorms, heavy rain expected in eight states, KL and Putrajaya until 8pm

Others Also Read