To Carry On The Business Of Prospecting Companies in Malaysia

To carry on the business of prospecting companies in Malaysia, it is necessary to have a valid business license from the Malaysian government. The company must also be registered with the Registrar of Companies.

The company must have a physical presence in Malaysia, with a registered address and office space. The company must also have a Malaysian bank account.

To carry out prospecting activities, the company must first obtain a permit from the Malaysian Ministry of Energy, Science, Technology, Environment and Climate Change.

Prospecting activities include activities such as geological and geophysical surveys, drilling, and testing. These activities must be carried out in accordance with Malaysian law and regulations.

The company must also have a valid insurance policy in place to cover any risks associated with its prospecting activities.

Once the company has completed its prospecting activities, it must submit a report to the Malaysian government detailing its findings. The company may also be required to submit a development plan, outlining its plans for developing any minerals or resources that it has discovered.