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Being a Company Director comes with its responsibilities

Directors in Malaysia face penalties for non-compliance with their duties.



Here are some consequences: 1. Civil Liability: Directors may be held personally liable for financial losses caused by their negligence or breach of duty. 2. Criminal Offenses: Serious breaches can lead to criminal charges. For instance, falsifying company records or engaging in fraudulent activities can result in imprisonment or fines. 3. Disqualification: A court can disqualify a director from serving for a specified period due to misconduct or insolvency. 4. Fines: Regulatory bodies may impose fines for non-compliance with filing requirements, such as late submission of annual returns. 5. Restitution: Directors may be required to repay any benefits gained from improper actions.


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