On 6 February 2023, the Ministry of Finance (“MOF“) and the Accounting and Corporate Regulatory Authority (“ACRA“) published their responses (“Response“) to feedback received from the public pursuant to the Public Consultation on Proposed Amendments to the Companies Act which ran from 20 July 2020 to 17 August 2020. The Response covered some of the proposals made by the Companies Act Working Group (“Working Group“).
- Facilitating digital general meetings and digital board meetings.
- Clarifying the application of existing digitalisation provisions to documents under the CA.
- Other areas concerning digitalisation.
- Review of the threshold for the compulsory acquisition of shares under section 215 of the CA.
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