SSM Offers Incentive of up to 80% for Compounds

SSM has announced a discount of up to 80% reduction on compounds in relation to offences for non-compliance with sections 143, 165 and 169 of the Companies Act 1965.

The reduction schedule is as follow :

Payment Period Reduction Rate*
9 to 30 September 2015 80%
1 to 31 October 2015 70%
1 to 30 November 2015 60%
1 to 31 December 2015 50%

* The reduced fee is based on the original compound amount and is subject to the terms and conditions.

Payments can be made at any SSM counters nationwide.