The government of Singapore has issued support measures to businesses in light of the difficulties brought about by the COVID-19 situation.
Marbury will update this page as we are informed of any changes implemented by the Accounting and Corporate Regulatory Authority (ACRA), the Monetary Authority of Singapore (MAS) and the Singapore Exchange Regulation (SGX RegCo).
Page last updated: 15 April 2020
Temporary Measures for Conduct of Meetings
On 13 April 2020, the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 (the Order) came into force.
In light of the Order, ACRA, MAS and SGX RegCo have prepared a checklist (see below) to guide listed and non-listed entities on the conduct of general meetings when elevated safe distancing measures are in place.
Please click on the following links for more information:
- Checklist for entities on the conduct of general meetings appears in the Annex: COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 (Order) (13 Apr 2020)
- COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) (Amendment) Order 2020 (14 April 2020)
- Additional Guidance on the Conduct of General Meetings During Elevated Safe Distancing Period (13 Apr 2020)
- Ministry of Law and Ministry of Finance joint media statement (31 Mar 2020)
- ACRA-MAS-SGX RegCo updated Guidance on general meetings (31 Mar 2020)
Extension of Deadline for Holding Annual General Meetings and Filing Annual Returns
It was announced on 7 April that as some companies may have difficulties holding their Annual General Meetings (AGMs) and filing their Annual Returns (ARs) certain deadlines have been extended as below.
For listed and non-listed companies whose AGMs are due during the period 16 April 2020 to 31 July 2020
The Accounting and Corporate Regulatory Authority (ACRA) will grant a 60-day extension of time for all listed and non-listed companies whose AGMs are due during the period 16 April 2020 to 31 July 2020. Companies that had previously been granted extension of time to hold their AGMs within this period will also be given a further 60 days of extension from the last date of extension. The AR filing due dates for the period 1 May 2020 to 31 August 2020 for all listed and non-listed companies will also be extended for 60 days. There is no need for these companies to apply for the extension of time with ACRA.
For listed and non-listed companies whose AGMs are due during the period 1 to 15 April 2020
ACRA will also not impose any penalties on listed and non-listed companies whose AGMs are due during the period 1 April to 15 April 2020 if they hold the AGM within 60 days of the due date. Their AR filing due dates will also be extended for 60 days. There is no need for these companies to apply for the extension of time.
Details of the Extension of Time (EOT) for Holding AGM and Filing AR
Original Due Date/ Extended Due Datepreviously granted for AGM |
New AGM due date |
New AR due date |
|---|---|---|
| 16 Apr 2020 to 30 Apr 2020 |
15 Jun 2020 to 29 Jun 2020 |
15 Jul 2020 to 30 Jul 2020 |
| 1 May 2020 to 31 May 2020 |
30 Jun 2020 to 30 Jul 2020 |
31 Jul 2020 to 29 Aug 2020 |
| 1 Jun 2020 to 30 Jun 2020 |
31 Jul 2020 to 29 Aug 2020 |
30 Aug 2020 to 29 Sep 2020 |
| 1 Jul 2020 to 31 Jul 2020 |
30 Aug 2020 to 29 Sep 2020 |
30 Sept 2020 to 30 Oct 2020 |
Download the press release for more details.