SSM gives 80% reduction in fines for limited period

In his recent announcement, Datuk Seri Hasan Bin Malek, Minister of Domestic Trade, Cooperatives and Consumerism, said that companies and directors issued with compound notices by the Companies Commission of Malaysia (SSM) will get 80 per cent discounts from November 1 to December 31, 2014.

The discounts are applicable for compound notices issued under the Companies Act 1965 for 2013 and earlier. Payments can be made at any SSM counters by presenting a copy of the notice of the compound, with no further questions asked. List of SSM counters can be found at : http://www.ssm.com.my/contact-us.

Boardroom, a strong advocate of corporate compliance and healthy management culture, encourage you to seize this opportunity to verify if there is any offenses tagged to yourself or your company and make the necessary payments accordingly.