Accounting and Corporate Regulatory Authority and Ministry of Finance
- Consultation Period:
- 05 Mar 2024 - 18 Mar 2024
- Status:
- Closed
Detailed Description
a. Require business entities, position holders, shareholders and members to maintain updated email addresses with ACRA;
b. Allow statutory correspondences and notices (other than summons) to be sent to and accessed by individuals and businesses via a digital mailbox;
c. Introduce a tiered framework to calibrate the disclosure of personal data to different user groups;
d. Empower the Registrar to use information from specified government agencies to keep ACRA’s registers up to date;
e. Enhance the Registrar’s powers in relation to the registers of directors, including introducing powers to reflect the disqualification status of individuals for all types of disqualifications under the CA; and
f. Streamline the financial reporting requirements for foreign companies registered under the CA.
6. Interested parties can submit their comments via FormSG ( https://go.gov.sg/acrabill2024).