SSM - Moratorium period of submission of Audited Financial Statement and Annual Return

SSM had on 08.11.2021 issued FAQs stating that the date of the moratorium period of 30 days after the end of the Movement Control Order for lodgement of statutory documents under the Companies Act 2016 and the Limited Liability Partnership Act 2012, will commence on 01.12.2021 and end on 31.12. 2021.

SSM - Compound reduction incentive

On 15 February 2022, SSM issued the Frequently Asked Questions (FAQs) relating to Compound Reduction Incentive under the old Companies Act 1965 which takes effect from 1 March 2022 until 30 June 2022. Through this incentive, companies and directors are eligible to enjoy a compound reduction of 90% from the original amount, involving all offences under the old Companies Act 1965.