16 June 2023
On 9 May 2023, Parliament approved the Companies, Business Trusts and Other Bodies (Miscellaneous Amendments) Bill as part of the Ministry of Finance’s (MOF) and ACRA’s ongoing review of the Companies Act 1967 (CA).
New sections on enabling the holding of virtual and hybrid meetings for companies, business trusts, variable capital companies and the Singapore Labour Foundation are added to the Companies Act 1967. Other amendments on ease of doing business, enhancing digitalization and regulatory frame work are also added.
The following are the significant changes:
More information can be found here.
If your company needs help filing taxes for the year 2023, or requires assistance with Singapore incorporation, economy, banking, etc., feel free to call/WhatsApp us at +65 90612851 or email us at email@example.com. Alternatively, you may leave us a reply using our contact form below.
Keep in touch to receive the latest listing, news updates and special offers delivered directly to your inbox.
Important Deadline for Employers: Submit Employee Income Data by March 1st to Avoid Penalties
ACRA Revokes Registration of Filing Agent and Qualified Individual Due to AML/CFT Violations