Part Two of Review of the Singapore Companies Act: Consultation on Draft Legislative Changes to Companies Act
Wai Yee Wan
Singapore Management University – School of Law
Company Lawyer, 2014
Singapore Management University School of Law Research Paper No. 15/2014
In October 2013, MOF and ACRA sought further public consultation (Second Consultation) on the second part of the Draft Companies (Amendment) Bill 2013 that covers legislative amendments relating to foreign companies and other aspects of the Companies Act, including those relating to enhancing the powers of the Registrar of Companies to strike off companies and to share buyback limits. The proposals in the Second Consultation are independent from the proposals raised in the first consultation. This note discusses some of the more controversial, as well as the significant, changes that are proposed in the Second Consultation.