Frequently encountered issues in IPO-Part 2
- By : Wong Mei Ying
- Category : IPO, Linkedin Post
Is there a valid fire certificate for every designated premises occupied by the listing group?
Pursuant to section 28(1) of the Fire Services Act 1988, every designated premises shall require a fire certificate.
Designated premises are premises with the use, size or location as set out under the Fire Services (Designated Premises) Order 1998. Not all premises require a fire certificate.
A fire certificate must be renewed annually. Failure to have a fire certificate in force in respect of any designated premises is an offence and on conviction, the owner of the premises is liable to a fine not exceeding RM50,000 or to imprisonment for a term not exceeding five years or to both.
A company which intends to undertake an IPO should ensure that there is a valid fire certificate for every designated premises occupied by the companies within the listing group to avoid delay to the IPO process.
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This post was first posted on Linkedin on 6 March 2021.
