IRBM’s Response to CTIM on e-C 2022 (3)
Regarding Form e-C 2022, CTIM has offered feedback and comments to the Inland Revenue Board of Malaysia (IRBM). The Inland Revenue Board of Malaysia issued its response on 29 July 2022 and 2 August 2022, respectively. Despite this, on 11 August 2022, CTIM provided IRBM with additional feedback and comments on the form e-C 2022 […]
SSM: Movable Property Security Interest (MPSI) Bill
1. In Malaysia, ✅ for incorporated entities, section 353 of the Companies Act 2016 currently regulates the creation, registration, and enforcement of assets for both movable and immovable assets. ✅ However, there is no single legal framework that governs the creation and enforcement of movable assets as security interests created by unincorporated entities (e.g. sole […]
Guidelines on Company Limited by Guarantee
1. The Companies Commission of Malaysia (‘CCM’) issued a set of new Guidelines on Company Limited by Guarantee on September 27, 2021, which went into effect on the same day. 2. A company limited by guarantee (CLBG) is defined under the CA 2016 as a public business formed with its members’ primary liability restricted by […]
