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Issued & Paid up Capital

248 Views  ⚫  Asked 7 Years Ago
asked on Nov 29, 2011 at 17:02
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Are companies which are already in business allowed to remain as a RM2 issued and paid up capital co? Is there a legal statute requiring companies to increase their authorized and paid up capital to above RM2 and if so, what is the penalty for non compliance?
Thank you.
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