Govt to table Companies Act amendment bill in October

Acting domestic trade and cost of living minister Armizan Ali says the bill has been approved by the Attorney-General’s Chambers.

Armizan Ali said the amendments will enable companies to comply with good governance practices in a transparent and accountable manner.

The acting domestic trade and cost of living minister said the bill, which went through 13 rounds of engagements, has been approved by the Attorney-General’s Chambers. He said the bill has two aims, firstly to strengthen the corporate rescue mechanism provisions in order to help companies facing financial hardship.

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