NEW COMPOUND RATES BY COMPANIES COMMISSION OF MALAYSIA (CCM)
CCM has come out with
new rates of compound which is imposed on companies for
failing to comply with Section 169 of the Companies
Act, 1965. The new rates of compound have been enforced with
immediate effect and the details are listed below:-
SCHEDULE OF NEW COMPOUND RATE UNDER SECTION 169 OF THE
COMPANIES' ACT 1965.
|
PENALTY |
OLD RATES |
NEW RATES |
|
Thirty
Thousand Ringgit or 5 years jail for non-compliance of
Section 171 (1) of the Companies Act, 1965 |
Period of default |
Sdn
Bhd |
Bhd |
PLC |
Period of default |
Sdn
Bhd |
Bhd |
PLC |
|
8 days - 3
mths |
RM50 |
RM150 |
RM150 |
8 days - 3
mths |
RM150 |
RM300 |
RM5,000 |
|
3 mths - 6
mths |
RM100 |
RM250 |
RM250 |
3 mths - 6
mths |
RM250 |
RM500 |
RM8,000 |
|
6 mths - 12
mths |
RM200 |
RM500 |
RM500 |
6 mths - 12
mths |
RM500 |
RM800 |
RM10,000 |
|
More than 12
mths |
RM200 |
RM500 |
RM500 |
More than 12
mths |
RM1,000 |
RM1,500 |
RM15,000 |
Note:
Section 169
of the Companies
Act, 1965 states that the Directors of every Company must at
a date not later than 18 months after the incorporation of
Company and subsequently once in every calendar year not
more than 15 months from the last Annual General Meeting (AGM),
tabled before the AGM of the Company, an audited accounts
made up to not more than 6 months before the date of Annual
General Meeting.
Section 171(1)
of the Companies
Act, 1965 states that if any director of a company fails to
comply or to take all reasonable steps to secure compliance
by the company with foregoing provisions or has by his own
willful act been the cause of any default by the company
thereunder, he shall be guilty of an offence against this
Act.
GENERAL ISSUE SCHEDULE / DUE DATE FOR SUBMISSION OF 2005
INCOME TAX RETURN FORM (INCOME FOR YEAR 2005)
|
Type of Forms |
Category |
General Issue Date |
Due Date for Submission |
|
B |
Resident
individual - Business source |
28 February
2006 |
30 June 2006 |
|
BE |
Resident
individual - Non-business source |
28 February
2006 |
30 April
2006 |
|
P |
Partnership |
28 February
2006 |
30 June 2006 |
|
M |
Non-resident |
28 February
2006 |
* |
|
TP |
Estate |
28 February
2006 |
* |
|
TF |
Associates |
28 February
2006 |
* |
|
TJ |
Hindu Joint
Family |
28 February
2006 |
* |
|
C & R |
Company |
Every
quarterly |
** |
|
CI |
Co-operation |
1 June 2005 |
** |
|
TC |
Trust unit /
property trust |
1 June 2005 |
** |
|
TA |
Trust body |
1 June 2005 |
** |
|
E |
Employer |
28 January
2006 |
31 March
2006 |
* 30 April
2006 - Non-business source
30 June 2006 - Business source
** 7 months from date of closing of accounts. |
