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Companies Act Reform – Highlights Of Key Amendments Phase 2

The Companies (Amendment) Bill 2014 was passed by Parliament in October 2014. The amendments were effected in two phases, on 1 July 2015 (Phase 1) and 3 January 2016 (Phase 2). We have set out briefly below some of the key changes in Phase 2 that are especially relevant [...]

Phase Implementation Of Companies (Amendment) Act 2014

The Companies (Amendment) Act 2014 (the “CAA”) was enacted in 2014 to introduce wide-ranging changes to the Companies Act (the “CA”) intended to reduce regulatory burden on companies, provide greater business flexibility and improve the corporate governance landscape in Singapore. This article focuses on certain key legislative amendments of [...]

New “Small Company” Concept For Audit Exemption

Greater business flexibility to the business environment, the Companies (Amendment) Act introduce the concept of a "small company for audit exemption” and replace the current ruling where a company is exempted from auditing its accounts annually only if it is an exempt private company and has an annual revenue [...]

2021-03-31T22:34:44+08:00August 4th, 2016|Accounting, Corporate Secretarial, Insights|0 Comments

Launch of Limited Partnership Vehicle

With effect from 4 May 2009, Accounting and Corporate Regulatory Authority (“ACRA”) has launched the Limited Partnership (“LP”) as an additional vehicle to conduct business in Singapore. It is formed under the Limited Partnership Act. It is a partnership consisting of two or more persons, with at least one general [...]

2021-03-31T22:34:37+08:00May 4th, 2009|Incorporation, Insights, Secretarial|0 Comments