The present Companies Act was enacted in 1967. The last review of the Companies Act was conducted in 1999 by the Company Legislation and Regulatory Framework Committee (CLRFC) and had brought about several changes.

The Steering Committee was appointed on October 2007 to review and rewrite the Companies Act. This comprehensive review will take into account changes in the other jurisdictions, continuing changes that have taken place in the business and investment environment in the past years and look at what changes to the Companies Act are needed to ensure that our laws are internationally competitive and can cater to the business environment of the future.

SBF would like to invite you to participate in a Focus Group Consultation with the Chairperson of Working Group 5 and Chief Executive of ARCA, Ms Juthika Ramanathan on Discussion Paper Five - General Company Administration and Discussion Paper Six - Registration of Charges.

Programme:

9.00 am - 10.30 am	Discussion Paper 5
10.30 am - 10.45 am	Break
10.45 am - 11.45 am	Discussion Paper 6

Topics for discussion
Discussion Paper 5 - Memorandum and articles of association, Regulation of company names, Alternate address policy, Company secretaries, Registers, Standardised timelines for updating of company records, Different levels of penalties accorded to defaults, Company records – minutes, minute books, etc, Striking off of defunct local companies under section 344, Companies limited by guarantee

Discussion Paper 6 - Conceptual issues in registration of charges, Operational issues in registration of charges

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