The Corporate and Accounting Laws (Amendment) Bill (Bill No. 13/2025) (Bill), which was passed in Parliament on 5 November 2025, introduces several important changes aimed at strengthening Singapore’s corporate regulatory framework and enhancing business confidence.
The Bill will come into operation on a date that the Minister appoints by notification in the Gazette. The Accounting and Corporate Regulatory Authority (ACRA) has indicated that sufficient lead time will be provided for the implementation of the proposed amendments, and that most of the provisions of the Bill are targeted to commence from April 2026 onwards.
The Bill’s key amendments relate to the Companies Act 1967, the Limited Liability Partnerships Act 2005, and the Accountants Act 2004.
Among other things, the Bill aims to:
(a) tighten rules against the misuse of companies for unlawful purposes;
(b) safeguard shareholders’ interests;
(c) strengthen the regulatory framework for companies; and
(d) reduce regulatory burden for companies. This update focuses on selected changes introduced by the Bill which are relevant for Singapore company boards.
This update focuses on selected changes introduced by the Bill which are relevant for Singapore company boards.
If you would like information and/or assistance on the above or any other area of law, you may wish to contact the Partner at WongPartnership whom you normally work with or any of the following Partners:
Jayne LEE
Partner – Corporate Governance & Compliance
d +65 6416 8256
e jayne.lee@wongpartnership.com
Click here to view Jayne’s CV.
Valerie LIM
Partner – Corporate Governance & Compliance
d +65 6517 8674
e valerie.lim@wongpartnership.com
Click here to view Valerie’s CV.
Vivien YUI
Partner – Corporate Governance & Compliance
d +65 6416 8009
e vivien.yui@wongpartnership.com
Click here to view Vivien’s CV.
Kevin HO
Co-Head – Corporate Governance & Compliance
d +65 6416 2555
e kevin.ho@wongpartnership.com
Click here to view Kevin’s CV.