27 Feb 2020
Singapore Exchange Regulation (“SGX RegCo”) has announced that it will allow SGX-listed issuers with a 31 December financial year-end, up to 30 June 2020 to hold annual general meetings ("AGMs") to approve their 31 December 2019 financial results, subject to notification to SGX RegCo and fulfilment of certain criteria. This arose from feedback expressed by shareholders who want to participate in and vote at AGMs but may be concerned about attending large-group meetings amid the COVID-19 situation. Click here
to read the announcement.
All companies incorporated in Singapore are required to hold AGMs and file annual returns with ACRA as mandated under the Companies Act.
SGX RegCo has consulted ACRA on allowing Singapore incorporated companies listed on SGX more time to hold their AGMs and file annual returns. ACRA will process and allow these applications for extension of time (EOT) through BizFile+
for these companies with financial year end on 31 December 2019. Upon approval, ACRA will waive the fees for the EOT applications by Singapore listed companies, by way of a refund.
Click on the following links for information on applying for EOT to hold AGM and file annual returns.