Changes to statutory requirements for holding of AGM and filing of Annual Return for Singapore Companies
It has been announced that the following legislative changes to the Companies Act take effect on 31 Aug 2018 for companies with Financial Year End (FYE) ending on or after 31 Aug 2018: Alignment of timelines for holding AGM and filing Annual Return with the FYE of companies Exemption for private…
Singapore VC Fund Manager Regime
Singapore VC Fund Manager Regime was announced by the Monetary Authority of Singapore (MAS) on 20th October 2017.The activity of fund management is defined in the Second Schedule to the Securities and Futures Act (SFA). Previously, VC managers were subjected to the same regulatory framework as Licensed Fund Management Companies…
Singapore Companies (Amendment) Act 2017 – AGM and Annual Returns
Singapore Companies (Amendment) Act 2017 – Annual General Meeting (AGM) and Annual Returns to be implemented in early 2018 The timelines for holding Annual General Meetings (AGMs) and the filing of annual returns will be aligned with the company’s FYE. This is to provide greater clarity and improve companies’ compliance…
Companies (Amendment) Act 2017 – Inward Re-Domiciliation Regime in Singapore
Companies (Amendment) Act 2017 – Inward Re-Domiciliation Regime in Singapore within first half of 2017 The Companies (Amendment) Act 2017 has introduced an inward re-domiciliation regime to allow foreign corporate entities to transfer their registration to Singapore instead of setting up subsidiaries (e.g. foreign corporate entities that may want to…
Have you updated the Electronic Register of Members (EROM) of your Singapore Company?
One of the recent legislative changes to the Singapore Companies Act is that ACRA will maintain the Registers of Members for private companies in electronic form (EROM) from 3 Jan 2016, and companies will need to update shareholder information that will be recorded in the EROM. In December 2015, ACRA…
MAS’s new Accredited Investor definition to impact FIs and FIs’ clients
Changes to the definitions of Accredited Investors (AIs) and Institutional Investors (IIs), part of the Monetary Authority of Singapore’s (MAS) proposed changes to its capital markets regulatory framework and followed a consultation paper issued on 21 July 21 2014, will impact Singapore-based financial institutions on their policy, documentation, systems, and procedures….