Acra seeking public feedback on proposed changes to Companies Act
36 legislative reforms recommended include facilitating digitalisation, types of companies and financial reporting, and safeguarding shareholders' interests
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THE Accounting and Corporate Regulatory Authority (Acra) on Monday said it is seeking public feedback on proposed amendments to the Companies Act.
The Companies Act Working Group (CAWG), which was set up by Acra in 2018 to review several areas of the Act, has recommended 36 legislative reforms. These cover the areas of facilitating digitalisation, types of companies and financial reporting, matters relating to directors and company secretaries, safeguarding shareholders' interests, share capital and financial assistance, as well as updating outdated provisions.
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