These are companies that have not begun their principal business activities since incorporation or have ceased operations during the financial year in question.
These companies do not generate any revenue in the financial year under review or in the two preceding financial years. Additionally, their total assets must not exceed RM300,000 in the current year and the previous two years.
Companies that report revenue not exceeding RM100,000 in the current year and the two prior years may qualify. Furthermore, their total assets must not exceed RM300,000 in the current and past two years, and they must have no more than five employees at the end of the current year and the previous two years.
(AF: 0903)
(LLP0015185-LCA & AF 002262)
(326049-V)