Company: KNRX
Filing Date: 2025-06-12
Form Type: F-1/A
Source: 0001641172-25-014801
Chunk: 120

Company: KNOREX LTD.
Filing Date: 2025-06-12
Form: F-1/A
Chunk 120
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 collection of personal digital data by companies and other institutions more transparent. Foreign subsidiary companies must ensure that the process of the collection of personal data and its subsequent use are in line with the provisions of this Act.

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Malaysia

Local Government Act 1976 and Trade By-Laws

The Local Government Act 1976 of Malaysia confers the power to the local authority to make by-laws which provide that no person shall use any premise within the jurisdiction of respective Municipal Council/City Council without a business premise license issued by respective Municipal Council/ City Council. Hence, an organization is required to obtain a business premise license for each operating premise from the relevant local authority. In addition to a business premise license, a signboard license is also required.

Employment Act 1955

The Employment Act 1955 of Malaysia (the “Employment Act”) governs all employment matters such as working hours, minimum benefits, leaves, payment of salary, allowable deductions, termination and other minimum terms and conditions of employment in Malaysia. Previously, the Employment Act only applied to employees earning a monthly salary of MYR2,000 and below or manual laborers. Due to the recent Employment (Amendment) Act 2022, the Employment Act now extends to all employees regardless of salary. However, employees earning a monthly salary exceeding MYR4,000 are excluded from certain sections of the Employment Act. These include provisions like overtime payments and statutory entitlements to termination and lay-off benefits.

Employees Provident Fund Act 1991

The Employees Provident Fund Act 1991 of Malaysia establishes the Employees Provident Fund (“EPF”), a system of mandatory social security savings scheme (for employees’ retirement and management of the savings) funded by contributions from employers and employees alike, pursuant to which an employer is obliged to make EPF contributions for all employees who are Malaysia citizens or permanent residents who are employed in Malaysia by an employer, with limited exemptions.

Employees’ Social Security Act 1969

The Employees’ Social Security Act 1969 of Malaysia establishes the Social Security Organization (“SOCSO”), a system of mandatory social security savings scheme (for certain contingencies) funded by contributions from employers and employees alike, pursuant to which an employer is obliged to make SOCSO contributions for all employees who are Malaysia citizens or permanent residents who are employed in Malaysia by an employer, with limited exemptions.

Employment Insurance System Act 2017

The Employment Insurance System Act 2017 of Malaysia provides for the Employment Insurance System (“EIS”)