Exploring Corporate Governance Around the World

By Allison Garrett, Senior Vice President for Academic Affairs at Oklahoma Christian University

Thursday, January 26, 2006

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.


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