Reed Smith Client Alerts

Changes proposed to the Companies Act will facilitate the conduct of digital meetings, electronic communications and transmission of documents, and also update regulatory requirements such as the working of the compulsory acquisition regime to enhance minority protection.

Authors: Johnny Lim Ping Ting Tan Michael Kwan (Resource Law LLC), Si Ting Chua (Resource Law LLC)

To ensure that Singapore’s corporate laws and regulatory framework remain relevant and competitive, a Companies Act Working Group was set up in 2018 by the Accounting and Corporate Regulatory Authority (ACRA) to review various areas of the Companies Act.

ACRA and the Ministry of Finance published their responses to feedback from a public consultation conducted in 2020, paving the way for legislative changes to be tabled and considered in Parliament.