Home > Technical & Research > Announcements Updated: 26/07/2017
Section 259 of the Companies Act 2016 versus Item 17 of Practice Directive 1/2017 - Availability of 7-day Grace Period  print
We wish to bring to the attention of members the contentious issue relating to the availability of the 7-day grace period for lodgement of financial statements later than the prescribed time frame, and the default penalty of RM50,000 under Section 259(3) of the Companies Act 2016 (Act) for failure to comply with lodgement of financial statements within 30 days from circulation.

Click here for further details.