Commencement of new requirements under Companies and Limited Liability Partnerships (Miscellaneous Amendments) Act 2024 on 16 June 2025
The Companies and Limited Liability Partnerships (Miscellaneous Amendments) Act 2024 (“CLLPMA Act”) came into effect on 16 June 2025. The CLLPMA Act introduces new requirements to enhance the transparency of companies and limited liability partnerships (“LLPs”), and reaffirms Singapore’s commitment to combatting money laundering, terrorism financing, and other threats to the integrity of the international financial system.
The key amendments are as follows:
Register of controllers
- All new companies, foreign companies, and LLPs must maintain a register of controllers from incorporation. [Section 386AF(1A) and (4A), Companies Act 1967 (“CA”); section 47(1A), Limited Liability Partnerships Act 2005 (“LLP Act”)]
- Annual verification of controller information is mandatory, with controllers required to provide signed and dated confirmation of information accuracy. [Section 386AIA, CA; regulations 4 and 8A, item 13 of Second Schedule, and Ninth Schedule, Companies (Registers of Controllers, Nominee Directors, Nominee Shareholders, and Members of Foreign Companies) Regulations 2017 (“CR Regulations”); section 50A, LLP Act; regulations 5 and 9A, item 15 of Second Schedule, and Seventh Schedule, Limited Liability Partnerships (Register of Controllers) Regulations 2022 (“LLPR Regulations”)]
- The timeline for updating controller particulars in the private register of controllers has been extended from two business days to seven calendar days. [Regulation 4 and items 1 and 2 of Second Schedule, CR Regulations; regulation 5 and items 1 and 2 of Second Schedule, LLPR Regulations]
Register of nominee directors
- Foreign companies must maintain a register of nominee directors at their registered office or registered corporate service provider’s office. [Section 386AKA, CA; regulation 9, CR Regulations]
ACRA central registers filing requirements
- Accounting and Corporate Regulatory Authority (“ACRA”) to maintain central registers of nominee directors and nominee shareholders. [Section 386ANA(1), CA]
- Existing companies and foreign companies have until 31 December 2025 to submit information about their nominee directors and nominee shareholders. [Section 386ANA(2) and (3), CA; regulation 4 and items 15 and 17 of Second Schedule, CR Regulations]
- New companies, foreign companies, and LLPs incorporated from 16 June 2025 must submit controller and nominee information on the date of incorporation or registration. [Sections 386AN and 386ANA, CA; regulation 4 and items 11, 15, and 17 of Second Schedule, CR Regulations; section 54, LLP Act; regulation 5 and item 13 of Second Schedule, LLPR Regulations]
For more information on the CLLPMA Act, please refer to our article “Companies and Limited Liability Partnerships (Miscellaneous Amendments) Act 2024 to come into effect on 16 June 2025”.
Reference materials
The press release is available on the ACRA website www.acra.gov.sg.
The following materials are available on Singapore Statutes Online sso.agc.gov.sg:
