The Monetary Authority of Singapore (MAS) together with the Accounting and Corporate Regulatory Authority (ACRA), and the Ministry of Finance (MOF) has launched a public consultation to also permit the holding of general meetings by electronic means. Specifically, following the enactment, firms would be allowed to hold general meetings in hybrid or virtual form only – if they wish to do so. Currently, Singapore laws require physical presence by company staff and investors, although this requirement has been temporarily suspended during the COVID-19 pandemic.
Corresponding proposed modifications to the Companies Act 1967, Business Trusts Act 2004, and the Variable Capital Companies Act 2018 are attached to the consultation.
Other Features
companies
regulatory
shareholders
VCC
Date Published: 2023-02-09
Regulatory Framework: Companies Act 1967, Business Trusts Act 2004, Variable Capital Companies Act 2018
Regulatory Type: consultation
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