small scale company "small scale company" or "medium company", unless expressly provided otherwise, means a company- [Sub. Act A993] (a) incorporated in Malaysia pursuant to the Companies Act 1965; and (b) resident in Malaysia in the basis year for a year of assessment, whose shareholders' funds as at the date of grant of pioneer status and issue of pioneer certificate do not exceed an amount as may be declared, from time to time, by the Minister in a statutory order published in the Gazette; "tax relief period", in relation to a pioneer company, means the period ascertained in accordance with section 14 and any extension of that period under section 14A; ACT 327 - PROMOTION OF INVESTMENTS ACT 1986 2. Interpretation.
small scale company "small scale company" means a company whose shareholders, funds as at the first day of the basis period for a year of assessment do not exceed an amount as may be declared, from time to time, by the Minister in a statutory order published in the Gazette. (5) This section shall not apply to a small scale company which commences a business of the manufacture of products in Malaysia on or after the 1st January 1992. ACT 327 - PROMOTION OF INVESTMENTS ACT 1986 33. Abatement of adjusted income for small scale companies.