Changes on statutory requirements for AGMs and filing of AR

The following legislative changes in relation to AGMs and the filing of ARs are in effect since 31 August 2018.

This is part of on-going efforts to keep Singapore business friendly and competitive as well as to reduce the regulatory burden of companies.

The key changes are:

  1. Alignment of relevant statutory timelines for holding AGMs and the filing of ARs with the company’s Financial Year End (FYE).
  2. Exemptions for private companies from holding AGMs, subject to specific safeguards.
  3. Simplified AR filing process for solvent Exempt Private Companies (EPCs) and for dormant private relevant companies.

These changes are in effect for companies with FYE ending on or after 31 August 2018. The existing requirements for AGM and the filing of AR remain unchanged for companies with FYE on or before 31 August 2018.”

 


All materials have been prepared for general information purposes only. The information presented in this document is not legal advice, is not to be acted on as such, may not be current and is subject to change without notice. Professional advisory should be sought before taking or refraining from any action as a result of the contents of this document.