MALAYSIA: Do you know that you need to register your online business with the Companies Commission of Malaysia (SSM)? There are 400 online businessmen who have been charged in court for not registering their business.
…they were charged under Section 12 (1) (a) of the Registration of Businesses Act 1956 (Amendment 2001) which carries a fine of up to RM50,000 or imprisonment not exceeding two years.
While I understand that every business has to be registered, I still felt surprised to read the news. There are so many online-seller-wannabes around us. They made a simple site on free hosting (blogger.com, for example), post a few product photos and, that’s it! They have a so-called “e-commerce” site!
In this case, all of those part-time-online-sellers are required to register to SSM (Suruhanjaya Syarikat Malaysia) to avoid getting charged.
What do you think about the news? Do you have friend(s) who sell stuff online but yet to register their “business”? Would you warn them after reading this news?
P.S. The SSM website is so Web 0.5.