The primary objective of the client charter on granting financing to Small and Medium Enterprises (SME) is to educate SME customers on the various requirements for financing application such as information and documents.
Registered businesses (SMEs*) within the following category :
a) For business in the Manufacturing Sector Registered business with turnover of not exceeding RM50 Million OR full time employees of not exceeding 200
b) For business in the Services and Other Sectors Registered business with turnover of not exceeding RM20 Million OR full time employees of not exceeding 75
Malaysian-owned companies/institutions (with at least 51% ownership by Malaysians) registered under the Companies Act 1965, citizens residing in Malaysia and entrepreneurs registered under the Registrar of Business.
Satisfactory financial track record of minimum 3 years.
Satisfactory relationship (if any) with other financial institutions.
Documents #7 to #18 as listed for business incorporated prior to 31st January 2017 above.
A company has the option to adopt a constitution if it wishes to tailor certain provisions for itself, to the extent the provisions of the constitution are not inconsistent with the CA 2016 (and provided any modification(s) of the provisions of the Act is permitted).
A company limited by guarantee is a company incorporated without share capital and in which the liability of its members is limited to the amount each member undertakes to contribute at the time the company is wound up. Whether a company is limited by guarantee or by shares is stated in the Notice of Registration under the Type of Company.