CATEGORY: NEWS AND ANNOUNCEMENTS
ACRA today announced that a two-phase implementation approach for the legislative amendments to the Companies (Amendment) Act. About 40% of the over 200 legislative amendments will take effect in the first phase on 1 Jul 2015. The second phase encompassing the rest of the legislative amendments is expected to come into effect in the first quarter of 2016. Details on the key legislative amendments to be implemented in each phase can be viewed here.
The commencement notification for Phase 1 of the legislative amendments to be implemented on 1 July 2015 will be published by end May 2015, with supporting subsidiary legislation to be issued in June 2015.
For the effective date of implementation of Phase 2, ACRA will provide about two months’ advance notice.
Please check our website, ACRA Facebook and subscribe to ACRA Newsalert for further updates.
