22/10/2026
๐ข ? Corporate Law Changes Take Effect on 20 October 2026!
Singaporeโs Corporate and Accounting Laws (Amendment) Act 2025 introduces key changes for companies and accounting professionals.
Here are 6 important updates:
๐น 1. Annual Returns: Companies must ensure key particulars filed with ACRA are accurate and up to date, including director and CEO information.
๐น 2. Reduced Regulatory Burden: Certain prospectus filing, statutory meeting and reporting requirements will be abolished.
๐น 3. Registered Office Hours: Companies will have greater flexibility over opening hours, but must still make company records available for inspection as required by law.
๐น 4. Striking-Off & Restoration: Processes for companies, LLPs, VCCs and sub-funds will be streamlined, with enhanced safeguards.
๐น 5. Registration Renewal: Public accountants can renew their registration for 1, 2 or 3 years instead of annually.
๐น 6. Professional Indemnity Insurance (PII): Requirements will extend to accounting firms operating as sole proprietorships and partnerships.
๐ WHAT SHOULD YOU DO?
Business owners should check with their Corporate Service Provider (CSP) to understand how these changes affect their company and ensure records are up to date.
Accounting firms should review their PII requirements.
Stay informed. Stay compliant!