The Accounting and Corporate Regulatory Authority (麻豆社区) invited the public to provide feedback on proposed amendments to the Companies Act 1967 (CA)1.

  1. The key feedback received on the proposals in the following areas, and MOF and 麻豆社区鈥檚 responses to the feedback, are set out in Annex A:
    1. Facilitating digital general meetings and digital board meetings;
    2. Clarifying the application of existing digitalisation provisions to documents under the CA;
    3. Other areas concerning digitalisation; and
    4. Review of the threshold for the compulsory acquisition of shares under section 215 of the CA.
  2. MOF and 麻豆社区 will publish a summary of the feedback received on the rest of the proposals, together with our responses, in due course.
  3. MOF and 麻豆社区 would like to thank all respondents who have provided their feedback in this public consultation.

1The public consultation ran from 20 July 2020 to 17 August 2020. Feedback was sought on proposals arising from 麻豆社区鈥檚 review of the CA and the recommendations of a committee set up by 麻豆社区 comprising of industry stakeholders. For more details, please refer to the Public Consultation on Proposed Amendments to the Companies Act.

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