MACC Act to be amended by Year End to include Corporate Liability Provision KUALA LUMPUR, April 22 (Bernama) -- The Corporate Liability, a new provision that will be included in the Malaysian Ant-Corruption Commission (MACC) Act 2009, is expected to be tabled in Parliament by year's end. Minister in the Prime Minister's Department Datuk Seri Paul Low Seng Kuan said drafting of the provision was currently in the final stage. "Once it comes into effect, companies can be held responsible if their employees commit bribery under the amended act, unless they can prove that they have taken adequate measures to prevent it. "We cannot jail a company, but we can fine them with heavier penalty," he told reporters after attendin
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Thursday, 10th April 2014: The director of Kemajuan Rowther Sdn. Bhd, Tan Lee Chin had pleaded guilty and was convicted in the Kuala Lumpur Session Court today for three charges under Section 165(4) of the Companies Act 1965.
Thursday, 10th April 2014: Kulim Sessions Court Judge, Tuan Niran Tan Kran today convicted an officer of Kulim Worm Agrotech (M) Sdn Bhd, Mohd Zaini Bin Selaiman, 38, for breaching Section 91(1) of the Companies Act (CA) 1965. Mohd Zaini was sentence
P.U. (A) 78 of 2014; 21 March 2014
Article by Datuk John Zinkin; The Star
Corporate and Commercial – Agreement between parties – Agreement void for frustration – Claim for refund of paid fees – Claim for fees to be set off against the costs incurred – Trial court allows set off by invoking sec
KUALA LUMPUR, Feb 7 (Bernama) -- A recommendation on the amendment to the corporate liability law, which is to make corporations liable for their employees' bribe practices, is among several amendments to be tabled at the next Dewan Rakyat sitting.
Starting February 2014, the Companies Commission of Malaysia (SSM) will start using the compound stamp duty on the Memorandum of Association and Articles of Association documents for new companies incorporated on-line via the MyCoID Portal.
KUALA LUMPUR, Jan 28 (Bernama) -- Malaysia Productivity Corporation (MPC) has launched "A Guide to Reducing Unnecessary Regulatory Burdens: Core Concepts" which identifies a myriad of unnecessary regulations and compliances burden for policymakers, p
KUALA LUMPUR: The Minority Shareholders Watchdog Group (MSWG) says that certain privatisation deals may be of benefit to certain shareholders who have been wanting to cash out for a long time but have not had the opportunity to do so.
Two major local institutions now have the opportunity to challenge recent privatisation deals involving Bursa Malaysia-listed firms which are seemingly unfair to minority shareholders.
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