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No decision yet on Maika’s application

KUALA LUMPUR, 25 Feb 2009: The Companies Commission is still in the process of considering Maika Holdings Bhd’s application to extend the period for the company to hold its 2008 annual general meeting and table its 2007 financial statement.

Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad said Maika made the request because it was still involved in a Kuala Lumpur High Court trial and its documents were still being kept by the police for investigations.

“Before that, the Companies Commission had approved Maika’s application to extend the time period to hold the 2008 annual general meeting and table the financial statement for the year ended 2007 until 29 Nov 2008.

The new Maika application was made 13 Feb this year,” he said in a written reply to M Manogaran (DAP-Teluk Intan) in the Dewan Rakyat today.

Manogaran had asked about Maika’s status and the status of a police report lodged against the Maika board including MIC president Datuk Seri S Samy Vellu.

Shahrir said that throughout 2006 and 2007, the Companies Commission had received several complaints about Maika and they were found to be baseless after full investigations.

However, Maika was issued with a compound fine of RM500 and its directors RM12,000 which were paid on 12 Jan 2006 for failing to table the financial statement for the year ended 2005, he said. — Bernama

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