APAC corporate secretarial newsletter 2023 vol.1

As businesses expand their operations into new countries, it brings a wealth of opportunities but also creates compliance risks. With its economies driving global growth, Asia Pacific (APAC) is an inviting region for multinational corporations seeking expansion. Each jurisdiction in the region has its own rules and regulations so getting compliance right is a challenge faced by businesses of all sizes. To minimize these challenges, our APAC corporate secretarial newsletter provides information on how to ensure compliance on an international scale and helps businesses gain comprehensive insights into the business landscape across APAC.

4 January 2023

Key highlights:

Australia
- Director Identification Numbers
China
- Inspection service of individual income tax payment certificates for the registration of equity transfer
Hong Kong
- New inspection regime to enhance privacy rights of directors and other officers under the Companies Ordinance
India
- Appointment and Qualification of Directors
- Removal of Names of Companies from the Register of Companies
- NFRA Amendment Rules 2022
- Companies (Incorporation) Third Amendment Rules 2022
- Amendment of the Companies (CSR Policy) Rules, 2014 of the Companies Act, 2013
- Companies (Acceptance of Deposits) Amendment Rules, 2022
- Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2022
Indonesia
- Indonesia Omnibus Law
Japan
- Electronic Book Preservation Law
- Civil Code
- Companies Act and Commercial Registration
- Immigration
- Use of technology and telecommunications
- Overtime regulations
- Invoice system
Malaysia
- Revised Guidelines on Company Names
Philippines
- Company Formation: Update on the concept of “Doing Business”
- Revised Corporation Code
- Modes of Entry
- The Foreign Investments Act
- The Retail Trade Law

Singapore
- Changes to rules for foreigners aiming to work in Singapore from Ministry of Manpower (MOM)
- New requirements to strengthen corporate governance regime and bring closer alignment with international standards
Taiwan
- Amendments to Provisions of the Regulations Governing Taxation Registration related to Companies
Thailand
- Changing company information through the DBD e-filing system
- Amendments to provisions of the Civil and Commercial Code related to limited companies