SSM approve the company registration for what ever usage as long as it does not breach the company act. However, in order to have investment scheme that involve public funding, the company needs approval from securities commission and a trustee approved by bank negara.

SSM (Suruhanjaya Syarikat Malaysia) and SC (Securities Commission) are different thing la friend. One approve company registration only. One approve investment scheme.

For example, One can have the company nature of business approve by SSM (like importing drugs for medical usage), but in order to really import drugs for medical usage, one need license from MOH. So do you think as long as SSM approve the company i can really go and import drugs? Same to selling of commercial diesel, investment scheme etc. company.

Sifu from this thread, my explanation sounds good?