24 November 2021
On 1 June 2021, the Companies Commission of Malaysia (“CCM”) announced several initiatives to assist the business community during the total lockdown period in Malaysia, including amongst others, the following initiatives:
(a) a moratorium period of 30 days from the end of phase 1 of the “total lockdown” for the submission of statutory documents to the CCM pursuant to the Companies Act 2016 (“CA 2016”) and the Limited Liability Partnerships Act 2012 (“LLPA 2012”) (“Moratorium”); and
(b) a waiver of late submission fees for the late submission of statutory documents under the CA 2016 and the LLPA 2012 to the CCM during the Moratorium (“Fee Waiver”).
Following the initiatives announced above and on 10 November 2021, CCM announced that the final period of the Moratorium and Fee Waiver will commence on 1 December 2021 and end on 31 December 2021.
Starting from 1 January 2022, the CCM will impose a late submission fee and compound in respect of any late submission of the statutory documents pursuant to the CA 2016 and the LLPA 2012. It is also an offence under sections 68 and 259 of the CA 2016 for any failure to lodge the required statutory documents.
A copy of the CCM’s announcement on 10 November 2021 (in Malay language only) can be accessed here.
Contact Us For Further Information On Corporate/M&A Matters.
For further information, please contact:
Datin Grace C. G. Yeoh, Partner, Shearn Delamore & Co
gcgyeoh@shearndelamore.com
