Ministry of Law will be revoking the Meetings Orders

28/12/2022

Temporary option for companies to hold official meetings online will stop from July 2023

With effect July 2023, the Ministry of Law (MinLaw) will be revoking the Meetings Orders, which enable various types of entities to convene, hold or conduct meetings through electronic means. These include general meetings of companies, meetings for unit holders of a registered business trust, or general meetings of registered societies.

In a separate statement, 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 of conducting general meetings by electronic means after the Orders are revoked.

Details of the amendments are expected to be out by early 2023.More details on this can be found on Ministry of Law’s website.

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