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Discount on Compounds

Updated: Sep 15, 2021

The Companies Commission of Malaysia has announced that there will be up to 90% discounts on compounds from the period 1st January 2020 to 30th April 2020.


Kindly take note of the 2 requirements below:


  1. Active Companies are required to update their Annual Returns and Financial Statements in accordance with the provisions of the Companies Act 1965 (CA 1965) / Companies Act 2016 (CA 2016).

  2. Dormant & Inactive Companies are required to apply for striking off pursuant to Section 550 (CA 2016)


This compound reduction rate only applies to compounds for offences under the Companies Act 1965 & Companies Act 2016 as follows: -


Offense Section

1. 68(1) AS 2016

Failure to file Annual Return


2. 248(1) AS 2016

Failure to prepare Financial Statements


3. 258(1) AS 2016

Failure to distribute Financial Statements


4. 259(1) AS 2016

Failure to file Financial Statements


5. 340(1) AS 2016

Failure to carry out Annual General Meetings (for Public Companies)


6. 7(11)(b) AS 1965

Failure to response to SSM Notice


7. 143(1) AS 1965

Failure to carry out Annual General Meetings


8. 165(4)/(5)AS 1965

Failure to file Annual Return


9. 169(1) AS 1965

Failure to present Financial Statements


Payments for compounds can be made at any SSM Office counters throughout Malaysia.


For further information, click here




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