Commencement of Key Changes under the Corporate and Accounting Laws (Amendment) Act 2025

Commencement of Key Changes under the Corporate and Accounting Laws (Amendment) Act 2025

The Corporate and Accounting Laws (Amendment) Act 2025 (No. 24 of 2025) will be implemented in phases, with selected provisions took effect from Wednesday, 6 May 2026. Key amendments include: 1. Heavier penalties for directors Directors who breach their duties may now face higher penalties, with maximum fines increased from S$5,000 to S$20,000. Serious offences […]