As I know any money payable in a trade account and remained dormant for a period of not less than 2 years are regarded as unclaimed money under the Unclaimed Moneys Act 1965.
However, if my supplier(Sdn Bhd or Bhd) has been dissolved. Do i(Sdn Bhd) still need to remit the amount to the registrar (The Accountant General of Malaysia) ?
And if so, since the supplier is a limited company, who is entitled to claim for refund of the unclaimed moneys from the registrar subsequently ? the shareholders ? or not one is entitled for the claim ?
Thank you so much and if any part of my question is not clear, please kindly ask.
Trade payable amount owning to supplier (Sdn Bhd) which has been dissolved (strike off or winding up)
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