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 [...]
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 [...]
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 [...]
