Temporary Closure of Companies Commission of Malaysia (CCM) Operations Across the Country
Date: 26 March 2020
On 17 March 2020, CCM has announced that it would temporarily close its operations nationwide in light of the implementation of the Movement Control Order issued under the Prevention and Control of Infectious Diseases Act 1988 and the Police Act 1967 to curb the spread of the Covid-19 outbreak. The Movement Control Order was implemented initially for the period from 18th to 31st March 2020. On 25 March 2020, the government announced the extension of the Movement Control Order for another two weeks until 14 April 2020.
All transactions under the Companies Act 2016, the Business Registration Act 1956 and the Limited Liability Partnership Act 2012 can only be submitted to the Registrar after the expiry of the Movement Control Order. A moratorium period of two weeks after the expiry of the Movement Control Order will be granted to allow application or submission to be made. During the moratorium period, late lodgement penalty fees will be waived.
Companies wishing to apply for an extension of time to hold its annual general meeting more than six months from the financial year-end are required to submit the application after the expiry of the Movement Control Order.
We will be constantly monitoring any further updates by the Government and will keep you informed of any further development involving CCM from time to time.