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Singapore, 15 December 2022 - The Ministry of Law earlier today announced that the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings) Orders (“the Orders”) which enable entities to hold meetings through electronic means, will cease with effect from 1 July 2023. These entities include companies, variable capital companies and business trusts.
2. The Accounting and Corporate Regulatory Authority and the Monetary Authority of Singapore are working on legislative amendments to provide companies, variable capital companies and business trusts with the option to conduct general meetings by electronic means after the Orders are revoked. We expect to share details of the proposed amendments to the Companies Act, the Variable Capital Companies Act, and the Business Trusts Act, in early 2023.
3. Listed entities will have to observe SGX’s guidance on the holding of general meetings. For more information, please refer to the SGX website.