Review of the Singapore Companies Act: Consultation on Draft Legislative Changes to Companies Act

• Main Author: WAN, Wai Yee
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2015
• Subjects: Companies Act; Amendment; Financial Reporting; Foreign companies; by-back agreements; companies; shares; Singapore; Asian Studies; Business Organizations Law; Commercial Law; Legislation
• Online Access: https://ink.library.smu.edu.sg/sol_research_smu/63; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1062&context=sol_research_smu
• Institution: Singapore Management University

In October 2013, MOF and ACRA sought further public consultation (“Second Consultation”) on the second part of the Draft Companies (Amendment) Bill 2013 that covers legislative amendments relating to foreign companies and other aspects of the Companies Act, including those relating to enhancing the powers of the Registrar of Companies to strike off companies and to share buyback limits. This note discusses some of the more controversial, as well as the significant, changes that are proposed in the Second Consultation.