The trade of wealth and management and financial planning is ruled and regulated by the Securities Commission (SC) Malaysia for capital market and the Bank Negara Malaysia (BNM) for monetary establishment. If a company has not complied with the filing necessities of part 441 of the Act earlier than the top of the relevant interval for filing its annual accounts and reviews with the Registrar of Companies, any member, or any of the corporate’s creditors, or the Registrar could serve notice on the corporate requiring its compliance with the filing necessities. If the directors of the company fail to make the default good within 14 days after this notice have been served, then the one who served the discover may apply to the court docket to make an order instructing the directors to conform inside a period specified by the court. The courtroom order may also require the directors to bear the price of the application (Corporations Act 2006, part 452).
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