Enterprises can also be blacklisted by the SSM (Society for Management and Security).
- SSM blacklisting does not apply only to directors of Sdn Bhd and Berhad companies
- Owners of Enterprises (Sole Proprietorships and Partnerships) may also be blacklisted
Consequences of Being Blacklisted
- Once blacklisted by SSM
An individual may be restricted from registering new companies or business entities
It May Happen Without Realizing It
- Some individuals are unaware that they have been blacklisted
- They only discover it when attempting to register a new business and receive a notice from SSM
How to Avoid Being Blacklisted
- Comply with all legal and statutory obligations
- Ensure required documents, updates, and fees are submitted on time
Summary
- Enterprise owners can also be blacklisted by SSM
- Blacklisting may affect the ability to register future businesses
- Maintaining compliance helps avoid unnecessary legal and administrative issues