Monday, 19 February 2018
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malaysia - Corporate & Commercial - News

‘Notification of Change in The Register Of Directors, Managers, And Secretaries’ under Section 58 Of The Companies Act 2016 Through Mycoid2016 Portal

The Companies Commission of Malaysia (SSM) today announced the implementation of the lodgement of the ‘Notification of Change Particulars of Officers’ (“CPO”) under section 58 of the Companies Act 2016 through the MyCoID2016 Portal.
Date: 07 February 2018; Type: Legal News; Source: Companies Commission

Cabinet to endorse Malaysia joining CPTPP - Mustapa

KUALA LUMPUR, Feb 8 (Bernama) - The cabinet is expected to give its formal endorsement for Malaysia to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) soon, says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
Date: 08 February 2018; Type: Legal News; Source: Bernama

SSM Dakwa Pengarah Syarikat Glitter Summer Sdn Bhd di Bawah Seksyen 364(2) Akta Syarikat 1965

BUTTERWORTH, Feb 5 - Pengarah syarikat Glitter Summer Sdn Bhd iaitu Tan Gin Ling mengaku tidak bersalah di Mahkamah Sesyen Jenayah 1 Butterworth hari ini terhadap satu pertuduhan membuat pernyataan palsu berhubung dengan kenyataan juruaudit iaitu Yee Choon Kong yang mana syarikat Glitter Summer Sdn Bhd tidak pernah melantik Yee Choon Kong sebagai j ...
Date: 05 February 2018; Type: Legal News; Source: Companies Commission

GLCs to give Minimum One Pct of Pre-tax Profits to Social, Environmental Causes

KUALA LUMPUR, Feb 6 (Bernama) - Datuk Seri Najib Tun Razak today announced that all Government-Linked Companies (GLCs) are to contribute at least one per cent of pre-tax profits to social and environmental causes.
Date: 06 February 2018; Type: Legal News; Source: Bernama

Public Trust Corporation Act 1995 must be amended - Azalina

KUALA LUMPUR, Jan 8 (Bernama) - The Public Trust Corporation Act 1995 (Act 532) should be reviewed and improved to further strengthen the inheritance planning industry in the country, said Minister in the Prime Minister's Department Datuk Seri Azalina Othman Said.
Date: 08 January 2018; Type: Legal News; Source: Bernama

SSM Perolehi Sabitan Terhadap Pengurus Syarikat Kerana Gagal Mematuhi Notis Di Bawah Seksyen 7D(1) Akta Syarikat 1965

PULAU PINANG - Seorang pengurus sebuah syarikat telah disabitkan dengan kesalahan terhadap satu pertuduhan iaitu tanpa alasan yang munasabah telah gagal untuk hadir bagi rakaman percakapan di Suruhanjaya Syarikat Malaysia, Pejabat Negeri Pulau Pinang pada 11 Oktober 2016.
Date: 18 December 2017; Type: Legal News; Source: Companies Commission

CSR compulsory for GLCs

KUALA LUMPUR, Dec 15 (Bernama) - The government has made it compulsory for government-linked companies (GLCs) to be involved in corporate social responsibility (CSR) programmes.
Date: 15 December 2017; Type: Legal News; Source: Bernama

Akta Syarikat 1965 Kerana Membuat Penyataan Palsu Kepada Pendaftar Syarikat (SSM)

Isnin, Dec 4 - Seorang pengarah syarikat warganegara Senegal, Mamadou Ndaw, telah didakwa di Mahkamah Sesyen Kuala Lumpur kerana dikatakan telah bersubahat melakukan kesalahan di bawah seksyen 364(2) Akta Syarikat 1965.
Date: 04 December 2017; Type: Legal News; Source: Companies Commission

Voluntary Arrangement avoids Bankruptcy

KUALA LUMPUR, Nov 28 (Bernama) - Voluntary arrangement under the Insolvency Act 1967 gives an opportunity for one at risk of being declared a bankrupt, to settle his debt without bankruptcy proceedings, the Dewan Rakyat was told today.
Date: 28 November 2017; Type: Legal News; Source: Bernama

Business Licence of Companies displaying Illegal Advertisements to be revoked

KUALA LUMPUR, Nov 21 (Bernama) - Kuala Lumpur City Hall (DBKL) will take action to revoke the business licence of companies that are still displaying advertisements on lamp posts and traffic lights in Kuala Lumpur, starting early next year.
Date: 21 November 2017; Type: Legal News; Source: Bernama

Notification on Mandatory Lodgment of ‘Notification of Change in the Registered Address’

The Companies Commission of Malaysia (“SSM”) would like to announce the implementation of the lodgment of the ‘Notification of Change In The Registered Address’ (“CRA”) under section 46(3) of the Companies Act 2016 through the MyCoID 2016 Portal.
Date: 20 November 2017; Type: Legal News; Source: Companies Commission

Government to revoke Permits of Companies not complying with Plastic Wastes Importation

PUTRAJAYA, Nov 18 (Bernama) - The government will immediately cancel the approved permits (AP) of companies which failed to comply with regulations on the importation of plastic wastes said Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar.
Date: 18 November 2017; Type: Legal News; Source: Bernama

Individu Didakwa Kerana Memberi Maklumat Palsu Melalui Perkhidmatan E-Lodgement Ssm

Isnin, Nov 13 - Seorang individu , Wong Eu Jin (“OKS”), telah didakwa dengan kesalahan di bawah seksyen 12(1)(d) Akta Pendaftaran Perniagaan 1956 (“APP 1956”) kerana telah memberi maklumat palsu kepada Pendaftar berkait dengan pendaftaran perniagaan G Nine Solution (002215539 - X).
Date: 14 November 2017; Type: Legal News; Source: Companies Commission

Pengarah Syarikat Didakwa Buat Pernyataan Palsu

Selasa, Nov 14 - Abdul Malek Bin Mansor @ Hussein, 48 tahun, pengarah syarikat Mandaq Tours And Car Rental Sdn Bhd telah didakwa di Mahkamah Sesyen Jenayah 5, Alor Setar, Kedah atas kesalahan membuat pernyataan palsu kepada SSM di bawah Seksyen 364(2) Akta Syarikat 1965 yang membawa hukuman penjara tidak melebihi 10 tahun atau denda tidak melebihi ...
Date: 14 November 2017; Type: Legal News; Source: Companies Commission

Ministry submits Proposed Amendments to Cooperative Societies Act to AGC

PETALING JAYA, Nov 14 (Bernama) - The Ministry of Domestic Trade, Cooperatives and Consumerism has submitted the proposed amendments to the Cooperative Societies Act 1993 (Amendment 2007) (Act 502) to the Attorney-General's Chambers (AGC) to be scrutinised.
Date: 14 November 2017; Type: Legal News; Source: Bernama

IRB: 10 Companies, Six Individuals declared Bankrupt

KUALA LUMPUR, Nov 13 (Bernama) - Ten companies and six individuals were declared bankrupt after failing to settle RM7 million in arrears to the Inland Revenue Board (IRB).
Date: 13 November 2017; Type: Legal News; Source: Bernama

TPP Talk not collapsing - PM Najib

DA NANG (Vietnam), Nov 11 (Bernama) - The Trans-Pacific Partnership (TPP) agreement among the remaining 11 countries is not collapsing despite a few hitches faced by the multilateral pact to reach a consensus here, said Datuk Seri Najib Tun Razak.
Date: 11 November 2017; Type: Legal News; Source: Bernama

Malaysia to consider FTA with US if TPPA does not materialize, says PM

KUALA LUMPUR, Oct 30 (Bernama) - Malaysia will consider a Free Trade Agreement (FTA) with the United States if the Trans-Pacific Partnership agreement fails to materilaise.
Date: 30 October 2017; Type: Legal News; Source: Bernama

SSM Dakwa Pengarah Syarikat Sharikat Ying Mui Sdn Bhd Di Bawah Seksyen 132 (2)(B) Akta Syarikat 1965

KUALA LUMPUR, Oct 26 (SSM) - Pengarah syarikat Sharikat Ying Mui Sdn Bhd iaitu Hoh Kiang Po mengaku tidak bersalah di Mahkamah Sesyen Jenayah 13 Kuala Lumpur hari ini terhadap satu pertuduhan dimana telah menggunakan maklumat yang diperoleh sebagai pengarah apabila memindahmilik kereta milik syarikat Sharikat Ying Mui Sdn Bhd jenis BMW model 740LI ...
Date: 26 October 2017; Type: Legal News; Source: Companies Commission

Consumer Protection Organizations should follow Rules - Minister

KEPALA BATAS, Oct 28 (Bernama) - The Domestic Trade, Cooperatives and Consumerism Ministry (KPDNKK) today called on all associations, including non-governmental organisations (NGOs), not to ignore the law in championing the rights of consumers.
Date: 28 October 2017; Type: Legal News; Source: Bernama

Industry Updates

Thailand, Cambodia discuss Nationality Verification for Migrant Workers

PHNOM PENH, Feb 14 (NNT) - Thailand's Labor Minister Adul Sangsingkeo and his Cambodian counterpart Ith Samheng discussed the nationality verification for undocumented migrant workers.

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Singapore RCEP Meeting crucial, says Mustapa

KUALA LUMPUR, Feb 13 (Bernama) - The next Regional Comprehensive Economic Partnership (RCEP) meeting, which will be held at the ministerial level on March 2, 2018, will be a crucial one to discuss the progress of the trade deal.

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Universiti Malaya ranks 46th in Asia

Universiti Malaya (UM) has improved in its ranking from the 59th position last year to 46th this year according to Times Higher Education (THE) Asia University Rankings.

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Court Administrative Assistant charged with assaulting Workmate

TELUK INTAN, Feb 12 (Bernama) - A court clerical and operations administrative assistant was charged in the Magistrate's Court here today with assaulting and using criminal force on a workmate, two years ago.

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Bursa Malaysia announces Half-day and Full-day Trading Closure for CNY

KUALA LUMPUR, Feb 12 (Bernama) - Bursa Malaysia Bhd announces that it will implement a half-day trading closure on the the eve of the Chinese New Year (CNY) on Thursday and all-day closure on Friday.

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UN Offices relocate to Putrajaya

PUTRAJAYA, Feb 7 (Bernama) - The United Nations (UN) offices in Malaysia have been relocated to the country's administrative capital, Putrajaya.

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Malaysia needs to develop Industry 4.0 Roadmap

KUALA LUMPUR, Feb 11 (Bernama) - Malaysia needs to develop its own national roadmap and framework for the fourth industrial revolution (Industry 4.0) to spur collaboration with developed countries in innovation industries.

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MITI eyes 10,000 e-commerce Companies joining DFTZ

KUALA LUMPUR, Feb 8 (Bernama) - The International Trade and Industry Ministry (MITI) is targeting to increase the number of companies coming onboard the Digital Free-Trade Zone (DFTZ) e-commerce platform to about 10,000 by year-end from 1,998 last November.

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KLRCA is now AIAC Malaysia

KUALA LUMPUR, 7 February 2018: The Kuala Lumpur Regional Centre for Arbitration (KLRCA) was officially renamed the Asian International Arbitration Centre (Malaysia) in conjunction with its 40th anniversary. The name change is part of a larger rebranding for the Centre, which aims to further strengthen its regional footprint and global presence. Earlier on 10 Jan 2018, the Arbitration (Amendment) Act 2018 was passed and gazetted to give legal effect to the change of name.

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SUHAKAM on “Federal Court’s decision on Unilateral Conversion”

KUALA LUMPUR, Feb 6 - The Human Rights Commission of Malaysia (SUHAKAM) has endorsed the unanimous decision of the Federal Court in the case of Indira Gandhi on 29 January 2018 which invalidated the unilateral and/or forced religious conversion of minors, in line with the Cabinet decision in 2009. SUHAKAM said it hopes the Court’s decision will now guide with clarity administrative and policy directions to establish coherent and consistent standards for reconciling the principle of the best interests of the child with the Constitutional rights of parents in the exercise of their freedom of religion.

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Malaysia and Singapore to set up Stock Market Trading Link

The Securities Commission Malaysia (SC) and the Monetary Authority of Singapore (MAS) will work together to facilitate the establishment of a stock market trading link between Bursa Malaysia (BM) and Singapore Exchange (SGX) by the end of this year. The trading link will allow investors to trade and settle shares listed on each other’s stock market in a more convenient and cost efficient manner. Retail investors notably will benefit from such a link.

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Registrar can refer to Islamic Law, Federal Court told

PUTRAJAYA, Feb 7 (Bernama) - The Births and Deaths registrar can refer to Islamic law when registering the birth of a Muslim child to define its legitimacy, the Federal Court was told today.

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