The Companies (Amendment) Act 2014 (the “Amendment Act”) was gazetted on 1 December 2014 but no commencement date has been fixed yet.

When in force, the Amendment Act will amend the Companies Act to introduce wide ranging changes to reduce regulatory burden on companies, provide greater business flexibility and improve the corporate governance landscape in Singapore.

The Amendment Act was introduced as the Companies (Amendment) Bill 2014 in Parliament on 8 September 2014 and passed a month later on 8 October 2014.