Rajah & Tann Regional Round-Up
your snapshot of key legal developments in Asia
 Issue 1 - May/Jun/Jul 2013
 

Public Consultation on Draft Companies (Amendment) Bill 2013

On 2 May 2013, the Accounting and Corporate Regulatory Authority ("ACRA") and the Ministry of Finance ("MOF") unveiled for the first time, a proposed draft Companies (Amendment) Bill 2013 ("Bill"). The Bill contains the proposed amendments to the Companies Act ("CA") derived from earlier recommendations of the Companies Act Steering Committee which were accepted by the MOF in October 2012 after a first round of public consultation.

A second public consultation was held from 2 May 2013 to 14 June 2013 to seek public feedback on the manner in which the Steering Committee's recommendations are reflected in the draft Bill, and any operational or practical considerations in implementing the Bill's provisions.  The scope of the amendments contained in the draft Bill is wide-ranging, covering issues relevant to shares, directors, meetings, accounts and audit, company registration and more.

Please click here to refer to our client update on the subject.



Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

 

Rajah & Tann Singapore LLP

9 Straits View
Marina One West Tower
#06-07
Singapore 18937
Republic of Singapore
http://sg.rajahtannasia.com

Contacts:

Francis Xavier, SC, PBM
Partner
D +65 62320551
francis.xavier@rajahtann.com

Chia Kim Huat
Partner
D +65 62320464
kim.huat.chia@rajahtann.com

Andrew CL Ong
Partner
D (65) 62320259
andrew.c.ong@rajahtann.com

Rajah & Tann Asia is a network of legal practices based in Asia.

Member firms are independently constituted and regulated in accordance with relevant local legal requirements. Services provided by a member firm are governed by the terms of engagement between the member firm and the client.

This update is solely intended to provide general information and does not provide any advice or create any relationship, whether legally binding or otherwise. Rajah & Tann Asia and its member firms do not accept, and fully disclaim, responsibility for any loss or damage which may result from accessing or relying on this update.