I refer to the report “Online investors beneath e-commerce need to sign up with CCM” (Bernama, May 28).
Companies Commission of Malaysia (CCM) leader executive officer Zahrah Abd Wahab Fenner announced that all online buyers who perform organizations via market or e-trade businesses ought to register with the commission inside the next six months.
She stated the circulate became aimed at protecting clients from being cheated and to provide confidence to shoppers, and that action may be taken on investors who do not register. If convicted, they may face a two-yr jail time period or fined RM50,000, or each.
In January final 12 months, Domestic Trade, Cooperatives and Consumerism Ministry secretary-trendy Datuk Seri Alias Ahmad stated that about 30,000 online companies had been registered with CCM from 2012.
He disclosed that movements had been taken in opposition to 478 online business owners in 2015 below the Business Registration Act 1956 (Amendment 2001) for failing to register their groups.
There become no mention of whether or not those agencies consist of the ones running outdoor the USA. If the ministry has no manage over them, performing in opposition to neighborhood operators might allow foreigners to take a bigger chunk of online income in Malaysia.
Already, massive online tour businesses (OTAs) have taken the lion’s proportion from the nearby tour and tour operators. These OTAs are not concerned about local laws and taxes, unlike brick-and-mortar travel and tour organizations which can be licensed by the Tourism and Culture Ministry.
Licensed operators need to comply with many acts surpassed through Parliament, including the Tourism Industry Act 1992 and Tourism Vehicles Licensing Act 1999.
If CCM on my own cannot rein in unregistered online groups, it has to paintings with the Malaysian Communications and Multimedia Commission. Both commissions could issue a joint assertion spelling out clearly the authorities’ role regarding online activity and commercial enterprise.
It is simple to issue warnings or go after local budding marketers exploring the capacity of online corporations. The precedence has to be defensive neighborhood organizations and the ringgit.
Malaysians welcome foreign investments and opposition, however, the playing discipline must be level. Government companies need to now not region nearby organizations at a downside.
After all, the primary position of CCM is to ensure that everyone group carried out inside u. S . A . Are domestically registered, bar none.
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