by NURUL SUHAIDI / Pic by BERNAMA
Business entities that run any used cooking oil collection in the market must obtain a licence from the Malaysian Palm Oil Board (MPOB) as the Board regulates such activities, especially if they involve palm oil.
MPOB DG Dr Ahmad Parveez Ghulam Kadir said the license fee has been set at RM100 annually while the approval is subject upon fulfilment of four key criteria.
The company must be registered with the Companies Commission of Malaysia (SSM) with capital of RM50, 000 or RM 100,000, if there are export activities and proof of capital can be obtained through SSM’s capital and share information, latest bank statement (sole proprietor) and cooperative share ownership.
The company must also present legal ownership and necessary documents to demonstrate the ownership of the land or premise.
On the suitability of the premise, the license will not be approved if there are storage activities for the purpose of human food and livestock. Terrace and semi-detached premises must be free from the possibility of contamination.
The method of storage and handling must be appropriate to the activities for which the licence is applied for.