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Accounting and Corporate Regulatory Authority

Proposed Alternative Arrangements for Meetings Following the Cessation of the COVID-19 (Temporary Measures) Orders

Audience

Accounting entities

Businesses

Corporate service providers (CSPs)

Public

News Topic

Public advisories and support

Category

Press release

15 December 2022

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

Singapore, 15 December 2022 - The Ministry of Law earlier today announced (opens in new tab) 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 (opens in new tab).