The Corporate Registers (Miscellaneous Amendments) Act
26/01/2022
On 10 Jan 2022, the Corporate Registers (Miscellaneous Amendments) Act was passed in Parliament, making amendments to the Companies Act and Limited Liability Partnerships (LLP) Act.
Local and foreign companies and LLPs in Singapore will be required to keep a non-public register of nominee shareholders and their nominators, and to update their register within seven days of being informed by the nominee.
This will bring transparency on the identity of persons who actually control the shares in the companies.
If you need assistance with maintaining your company registers and compliance in corporate secretarial matters, please give us a buzz at +65 66363691, +65 9326 2271 or info@lnmsolutions.com!
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