Shearn Delamore & Co. Legal Updates November 2021 (2)
Collaboration between Bursa Malaysia Berhad with Capital Markets Malaysia through the Elevate Programme
Bursa Malaysia Berhad (“Bursa”) has on 11 November 2021 announced that Bursa will be collaborating with Capital Markets Malaysia (“CMM”) to engage and work with mid-tier companies that are seeking to undertake initial public offering in the next 24 months.
The collaboration between Bursa and CMM will be carried out through the Elevate Programme, an existing executive leadership programme by CMM that shapes companies for successful capital raising. The Elevate Programme is a sixmonth professionalisation boot camp with a six-month mentoring and networking programme.
Bursa’s involvement in the Elevate Programme would include:
CONTACT US FOR FURTHER INFORMATION ON CORPORATE/M&A MATTERS.
Tax & Revenue
The Labuan Business Activity Tax (Requirements for LabuanBusiness Activity) Regulations 2021 have been gazetted on 22 November 2021 and are deemed to have come into operation on 1 January 2019, except for Regulation 3 which is deemed to have come into operation on 1 January 2021. The Labuan Business Activity Tax (Requirements for Labuan Business Activity) Regulations 2018 has been revoked.
The Stamp Duty (Remission) Order 2021 has been gazetted on 25 November 2021 and is deemed to have come into operation on 28 December 2018. The Stamp Duty (Remission) (No. 4) Order 2010 has been revoked.