Singapore Companies Act Amendments Effective January 30

Singapore's Companies (Amendment) Act of 2005 takes effect on January 30. Sweeping changes have been made in a number of areas. Among the changes:

• share repurchases can now be funded by profits and can be held as treasury shares;
• "par value" and "authorized capital" concepts have been eliminated; and
• statutory merger rules have been streamlined.

http://www.parliament.gov.sg/Publications/050011.pdf