SSM Discount On Compound 2022

6 common mistakes under Companies Act 2016 for Private Company “Sdn Bhd” (Part 2)

1. Failure to display on invoice or any documentation – Penalty: Subject to SSM general offence penalty

2. Failure to display on signboard – Penalty: Subject to SSM general offence penalty

3. Late submission of Annual Return - Penalty: Max RM50,000

4. Late preparation of Audited Financial Statement – Penalty: Max RM500,000 + imprisonment max 1 year

5. Late circulation of Audited Financial Statements – Penalty: Max RM50,000

6. Late submission of Audited Financial Statement – Penalty: Max RM50,000

SSM Discount On Compound 2022

• Reduction rate :

  Up to 90% applies to all offences except for out of court settlement or Inquiry Paper

• Reduction period :

  Until 31 December 2022. Any Compound that remains unpaid after this period will return to the original amount.

How To Get The Discount

Step 1 : Check compound status by:

a) Email to ar_compliance@ssm.com.my; or

b) online via e-Kompaun or EzBiz; or

c) visit any SSM office or call SSM Centre at 03-7721 4000

Step 2 : Prepare an appeal letter to SSM

Step 3 : Purchase Bank Draft, Debit/Credit Card, Money Order or Postal Order to the name of SURUHANJAYA SYARIKAT MALAYSIA

Step 4 : Deliver to any SSM branch for settlement of the compound with SSM receipt

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