Kuala lumpur: The Companies Commission of Malaysia (SSM) today reminded the public against providing false or misleading statements, information or reports to the Registrar of Companies. In a statement today, SSM said legal action would be taken against those found doing so.
According to BERNAMA News Agency, SSM is consistent in its efforts to regulate compliance with the provisions of the laws it administers, while ensuring that the corporate community remains aware of its responsibilities and practices business ethics with integrity. The reminder comes in light of a case at the Kajang Criminal Sessions Court involving a company director charged with allowing false statements regarding the appointment of directors and company secretaries to be provided to the Registrar of Companies.
The company director, Sandra Sheager Chidambaram, faced charges on June 20 under Section 593(a) of the Companies Act 2016. This section provides for imprisonment of up to 10 years or a maximum fine of RM3 million, or both, upon conviction. She pleaded not guilty and was granted bail of RM12,000. The court has set August 22 as the date for mention for the submission of documents by the prosecution.