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Monday, 29 May 2017

All online traders who carry out businesses via marketplace or e-commerce companies must register with the Companies Commission of Malaysia (CCM)

Online traders must register with CCM

Image result for Dato Zahrah Abd Wahab Fenner
 
MELAKA: All online traders who carry out businesses via marketplace or e-commerce companies must register with the Companies Commission of Malaysia (CCM) within the next six months.
CCM chief executive officer Datuk Zahrah Abd Wahab Fenner said the move was aimed at protecting consumers and instilling confidence in them in line with the Registration of Businesses Act 1956.
“Initially, it will involve online traders who sell products through the Lazada platform and will be broadened to other market places including Fashion Valet and others.
“This initiative will be undertaken via a memoranda of understanding with e-commerce companies in the country in stages,” she told reporters after CCM’s corporate zakat distribution presentation here.
Also present were Tangga Batu MP who is also Science, Technology and Innovation Deputy Minister Datuk Dr Abu Bakar Mohamad Diah and Domestic Trade, Cooperatives and Consumerism Ministry secretary-general Datuk Seri Jamil Salleh, who is also CCM chairman.
Zahrah said CCM would give a 30-day period for the traders to register with it after their businesses on the e-commerce platform become profitable.
She said this would be monitored by the e-commerce firms involved and traders who failed to register their businesses would be dropped from the online platform.
“Action will be taken under the Act on traders who did not register, if convicted, may face a two-year jail term or fined RM50,000, or both,” she said. – Bernama

Read more at http://www.thestar.com.my/business/business-news/2017/05/29/online-traders-must-register-with-ccm/#Ss8aKwhHbJJBmDwT.99

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