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The Accounting and Corporate Regulatory Authority (ACRA) has announced that amendments to the Companies Act, Chapter 50 of Singapore (CA) will take effect on 31 August 2018 to:

  • align timelines for holding AGMs and the filing of annual returns (ARs) with the company’s FYE; and
  • simplify the process for exempting a private company from holding its AGM.

Directors should pay particular attention to the forthcoming changes, summarized in the alert, to ensure compliance with the new obligations, as well as to properly qualify for the new exemption.

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