November 24, 2020
Stay Period of Resident Directors Excludes Covid-19 Lockdown Period
On 20th October 2020, the Directorate of Investment and Company Administration (“DICA”) issued its Notification No. 92/2020 to rule that the stay period of resident directors of companies registered under the Myanmar Companies Law (“MCL”) will not include the Covid-19 lockdown period. Pursuant to Section 4 Sub-section (a) (v) of the MCL, a company must... Read More