Companies Act 2024 Will Give More Transparency Says Minister


 
Domestic trade and cost of living minister Armizan Mohd Ali said Malaysia’s efforts to deal with money laundering, terrorist financing, corruption and tax evasion activities were being assessed by international bodies.PETALING JAYA: The Companies (Amendment) Act 2024, which will come into force on April 1, will improve beneficial ownership reporting and enhance the corporate sector’s transparency, says domestic trade and cost of living minister Armizan Mohd Ali.
In a statement, the minister said the Act’s 31 clauses, comprising four policy clusters, would strengthen the framework of beneficial ownership reporting, among others.
Armizan said the new legal provisions oblige every company to identify their beneficial owner, or the individual who controls the company via ownership of 20% or more of shares, with the ability to influence the board of directors’ decisions.
“Improvements to the beneficial ownership reporting framework take into account the latest developments at the international level in the fight against money laundering, terrorist financing, corruption and tax evasion activities,” he said.
Armizan said Malaysia’s efforts to deal with money laundering, terrorist financing, corruption and tax evasion activities were being assessed starting this year by various international bodies such as the Financial Action Task Force and the Organisation for Economic Co-operation and Development.
“It is hoped that the nation’s corporate community is prepared to comply with all the provisions of the Companies (Amendment) Act 2024,” he said.
The Act was first approved in the Dewan Rakyat on Nov 28 last year and in the Dewan Negara on Dec 13, receiving royal assent on Jan 24 this year and gazetted as the Companies (Amendment) Act 2024 on Feb 2.
Though the Act will come into force on April 1, Sections 4, 14, 26 and 28 will come into force on a date to be announced later.
Companies Commission of Malaysia chairman Ahmad Sabki Yusof said last year that the bill also aimed to prevent companies from being wound up so that they could stay afloat and remain in business.
“Without a corporate rescue mechanism, creditors can take legal action and invoke an insolvency declaration, so we want to avoid that,” Sabki said. - FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2024/03/companies-amendment-act-2024-will-give.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Auku Amendments Give More Autonomy To Students Says Usm Student Council

Auku Amendments Give More Autonomy To Students Says Usm Student Council

papar berkaitan - pada 19/3/2024 - jumlah : 125 hits
Universiti Sains Malaysia Student Representative Council president Muhammad Nazmi Hakimi Mohd Eirman says the latest amendments to the Universities and University Colleges Act will give more autonomy to students NSTP file picGEORGE TOWN Uni...
New Blueprint For Indians Makes A Fool Of The Community Says Ex Minister

New Blueprint For Indians Makes A Fool Of The Community Says Ex Minister

papar berkaitan - pada 19/3/2024 - jumlah : 184 hits
Former unity minister P Waytha Moorthy said the government risks a protest like Hindraf s rally in November 2007 if it continues with poor illogical plans for the Indian community PETALING JAYA A former unity minister has accused the govern...
Akmal S Actions Will See Bn Viewed With Contempt Says Mca Senator

Akmal S Actions Will See Bn Viewed With Contempt Says Mca Senator

papar berkaitan - pada 21/3/2024 - jumlah : 138 hits
Ti Lian Ker said Dr Akmal Saleh would react emotionally to issues and disregard the law PETALING JAYA An MCA senator said Umno Youth chief Dr Akmal Saleh s tendency to play judge jury and executioner will irk the public who will subsequentl...
Foreign Workforce Not To Blame For Unemployed Local Grads Says Minister

Foreign Workforce Not To Blame For Unemployed Local Grads Says Minister

papar berkaitan - pada 19/3/2024 - jumlah : 219 hits
The government says that based on a 2022 study 53 257 engineering graduates had been hired while only 3 495 were unemployed PETALING JAYA The foreign skilled workforce is not to blame for the unemployment rate among local graduates higher e...
Keep Calm Let Authorities Probe Allah Socks Issue Says Minister

Keep Calm Let Authorities Probe Allah Socks Issue Says Minister

papar berkaitan - pada 18/3/2024 - jumlah : 149 hits
Religious affairs minister Na im Mokhtar said the police Jakim and the domestic trade and cost of living ministry will investigate the issue PETALING JAYA Religious affairs minister Na im Mokhtar has urged Muslims to remain calm and allow t...
Specialists Mmc Imbroglio Will Be Resolved Soon Assures Minister

Specialists Mmc Imbroglio Will Be Resolved Soon Assures Minister

papar berkaitan - pada 27/3/2024 - jumlah : 218 hits
Health minister Dzulkefly Ahmad said all graduates from the parallel pathway programme would be given the facilities to complete their training and would be placed in the National Specialist Register PETALING JAYA Health minister Dzulkefly ...
Federal Bn Leaders Will Decide On Sabah Polls Alliance Says Mohamad

Federal Bn Leaders Will Decide On Sabah Polls Alliance Says Mohamad

papar berkaitan - pada 24/3/2024 - jumlah : 197 hits
Mohamad Hassan said Sabah BN needs to forward its proposal to the central leadership if it wants to cooperate with other parties REMBAU The federal Barisan Nasional leadership has the final say on whether Sabah BN will go it alone or team u...
Water Leaks Will Cost Us Rm15bil Over 10 Years Says Santiago

Water Leaks Will Cost Us Rm15bil Over 10 Years Says Santiago

papar berkaitan - pada 23/3/2024 - jumlah : 142 hits
SPAN chairman Charles Santiago said Perlis loses more than 63 of drinking water before it reaches the tap PETALING JAYA Charles Santiago has called on Malaysia to look at water as a matter of national security saying the country stands to l...
Rude Cop Vs News Anchor We Need To Hear Both Sides Minister Says

Rude Cop Vs News Anchor We Need To Hear Both Sides Minister Says

papar berkaitan - pada 19/3/2024 - jumlah : 187 hits
Home Minister Saifuddin Nasution Ismail said an investigation into claims by a news anchor of the allegedly rude conduct of a patrol officer is underway Speaking in a press conference today Saifuddin said there s a need to listen to the per...
Rasa Masakan Korea Soondubu Jigae Beef Di Dubuyo

China S President To Host Official Dinner For Anwar

I Bought A Toy Like Vape Online Mp Tells Dewan Chamber

Drama One Cent Thief 2 Lakonan Syafiq Kyle Azira Shafinaz

Tip Mudah Santan Berketul Jadi Elok Semula Letak Sehelai Daun Ini Saja

Unlocking Savings Expert Tips For Finding Discounted Cigarettes In Australia

Kips Bay Decorator Show House Dallas 2024 An Exquisite Showcase Of Design

India Secebis Kenangan Di India Random Photos


echo '';
Biodata Terkini Penyanyi Illa Sabry Peserta Gegar Vaganza 2024 Musim 11 GV11

Info Dan Sinopsis Drama Berepisod Senyawa iQIYI Malaysia

Info Dan Sinopsis Drama Berepisod Project Projek Exit Astro Originals

Pelajari Asal Usul Nama Makhluk Seram Kisah Fiksyen Barat Yang Terkenal

10 Fakta Filem Kahar Kapla High Council Yang Ramai Tak Tahu Prekuel Drama Project Projek High Council


Building Dreams One Brick At A Time Legoland Malaysia Resort Welcomes Malaysia S First Master Model Builder

Pilih Minyak Wangi Ikut Personaliti Korang

Kalendar Kuda 2025 Malaysia

Makan Yong Tau Foo Taiping

Layanan Samsat Batam Centre Kemudahan Dan Kecepatan Dalam Pelayanan Pajak Kendaraan

Tanam Cili Dari Biji Benih Cili Di Dapur