Indranee Rajah on Corporate and Accounting Laws (Amendment) Bill
A new approval process for companies to buy their own shares through a selective off-market purchase; more flexibility for firms to open their offices for inspection of records; higher penalties for directors who breach their duties; and requiring public accountants to be identified in audit reports. These were some changes proposed in a bill moved for second reading in parliament on Wednesday (Nov 5) by Second Minister for Finance Indranee Rajah.
A new approval process for companies to buy their own shares through a selective off-market purchase; more flexibility for firms to open their offices for inspection of records; higher penalties for directors who breach their duties; and requiring public accountants to be identified in audit reports. These were some changes proposed in a bill moved for second reading in parliament on Wednesday (Nov 5) by Second Minister for Finance Indranee Rajah.
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