PETALING JAYA: Discounts of 50% to 80% will be given to compounds issued by the Companies Com­mission of Malaysia (SSM) that are settled between Sept 1 and Dec 31.

SSM said yesterday the move was taken to create awareness among the public on the Companies Act 2016.

“The commission is offering an incentive in the form of a discount for compounds, up to 80%, in conjunction with the Comply with the Companies Act 2016, Care For, Love Your Company campaign,” it said.

The theme of the incentive is “Begin Compliance of the New Act with Zero Compound”.

The campaign, it said, was meant to raise public awareness and act as a reminder on the need to comply with the law.

In order to enjoy the discount, company representatives, directors or owners can go to Level 26, Compliance Department at its headquarters at Menara SSM@Sentral or any SSM state office.

The launch of the campaign and discount for compounds was announced by Domestic Trade and Consumer Affairs Minister Datuk Saifuddin Nasution Ismail during the opening of SSM’s National Convention here yesterday.