2/1/2024 0 Comments Zoom ar 48![]() ![]() Please click on the following links for more information: (ii) 72 hours prior to the closing date and time for the lodgment of the proxy forms, if the notice of general meeting is to be sent to shareholders at least 21 calendar days before the meeting. (i) 48 hours prior to the closing date and time for the lodgment of the proxy forms, if the notice of general meeting is to be sent to shareholders at least 14 calendar days before the meeting and (4) All substantial and relevant questions received from shareholders prior to a general meeting, should be publicly addressed by the Board of Directors and/or management at least:. (3) After the publication of the notice of general meeting, shareholders should be allowed at least 7 calendar days to submit their questions and (2) When organising any virtual information session, issuers are encouraged to send their notice of general meeting to shareholders at least 21 calendar days before the general meeting (1) Organise a virtual information session for certain corporate actions prior to the general meeting Issuers which do not utilise both (i) real-time remote electronic voting and (ii) real-time electronic communication at their general meetings, must incorporate the practices summarised below, when conducting meetings under the Meetings Order: Issuers conducting their general meetings under the Meetings Order must now follow the practices set out in the Regulator’s Column titled “What SGX RegCo expects on the conduct of general meetings amid the ongoing COVID-19 situation” published by SGX RegCo on 16 December 2021. The Order allows entities to hold general meetings via electronic means amid the COVID-19 situation, and will continue to be in force until revoked or amended by the Ministry of Law. Updated Guidance on the Conduct of General Meetings Amid Evolving COVID-19 SituationĪCRA, the Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) have updated the checklist which guides issuers and non-listed entities on the conduct of general meetings (the Checklist) under the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 (Meetings Order). For more information, please refer to the SGX website. Listed entities will have to observe SGX’s guidance on the holding of general meetings. We expect to share details of the proposed amendments to the Companies Act, the Variable Capital Companies Act, and the Business Trusts Act, in early 2023. The Accounting and Corporate Regulatory Authority and the Monetary Authority of Singapore are working on legislative amendments to provide companies, variable capital companies and business trusts with the option to conduct general meetings by electronic means after the Orders are revoked. These entities include companies, variable capital companies and business trusts. The Ministry of Law earlier today announced that the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings) Orders (“ the Orders”) which enable entities to hold meetings through electronic means, will cease with effect from 1 July 2023. Proposed Alternative Arrangements for Meetings Following the Cessation of the COVID-19 (Temporary Measures) Orders
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