Legal Update: Permanent Increase in the Winding-Up Debt Threshold to RM50,000

The Prime Minister in his PEMERKASA speech on 17th March 2021 officially announced that the statutory demand threshold for winding-up petitions will be permanently kept at RM50,000. The Minister of Domestic Trade and Consumer Affairs through the Gazette Notice Prescription of Amount of Indebtedness of Company under Paragraph 466(1)(a) (Gazette Notification No. 4159/2021) has set …

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