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.
Key highlights:
Australia
- Corporations Act 2001 Compliance Check: Is Your Company Compliant?
- Mandatory climate disclosure
Key highlights:
Australia
- Australian Securities and Investment Commission (ASIC) prosecutes a director without ID
- Australian Securities Exchange (ASX) releases draft of new governance principles
China
- Measures to further optimize the management of foreign exchange business were announced
- A comprehensive set of policy measures in Shanghai is implemented to lighten the burden of SMEs
India
- Companies (Listing of equity shares in permissible jurisdictions) Rules, 2024
- Establishment of Central Processing Centre
- Companies (Registration Offices and Fees) Amendment Rules, 2024
- Deployment and usage of Change Request Form (CRF) on MCA-21 – reg
Indonesia
- Products of food and beverage to be halal certified by October 2024
- Regulation updates on electronic information and transactions
- Public House Savings (TAPERA)
- Jakarta’s shift towards national economic center and global city status
Malaysia
- SSM - Submission of Beneficial Ownership Information
- SSM - Practice Directive No. 9/2024
- SSM – Extension of Time for Lodgement of BO Information via e-Bos
Philippines
- Crowdfunding in the Philippines
Singapore
- Updates on Corporate Service Providers Bill (the “CSP Bill”) and the Companies and Limited Liability Partnerships (Miscellaneous Amendments) Bill (“CLLPMA Bill”) (collectively the “Proposed Bills”)
Document
APAC Corporate secretarial newsletter-2024-Vol.2
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Vietnam Tax & legal update newsletter
We would like to bring you the latest issue of Forvis Mazars Tax & Legal Update Newsletter for July 2024 as follows
The National Assembly has approved the Law on Social Insurance 2024, including 11 Chapters and 141 Articles, which will take effect from 01 July 2025, with many major changes and many additional benefits for participants.
Update on changes in the draft of Decree amending Decree 132/2020/ND-CP dated 05 November 2020 which was issued by the Government prescribing tax administration for enterprises having related-party transactions