← Back to Bills
2nd Reading
Ministry of Finance

Companies and Limited Liability Partnerships (Miscellaneous Amendments) Bill

Bill Summary

  • Purpose: The Bill seeks to amend the Companies Act 1967 and the Limited Liability Partnerships Act 2005 to require companies, foreign companies, and limited liability partnerships to take measures ensuring the particulars of their controllers are accurate and up-to-date.
Reading Status 2nd Reading
1st Reading Tue, 7 May 2024
Introduction — no debate
2nd Reading Tue, 2 July 2024

Bills proceed through first reading, second reading, committee stage, third reading, and presidential assent before becoming law.

How a bill becomes law ↗

Members Involved

Indranee Rajah (Minister, Prime Minister's Office and Second Minister for Finance and National Development and Leader of the House)

Transcripts

First Reading (7 May 2024)

"to amend the Companies Act 1967 and the Limited Liability Partnerships Act 2005 to require companies, foreign companies and limited liability partnerships to take certain measures to ensure that the particulars of their controllers are up-to-date and correct, and to make other amendments to those Acts ",

presented by the Second Minister for Finance (Ms Indranee Rajah); read the First time; to be read a Second time on the next available Sitting of Parliament, and to be printed.



Second Reading (2 July 2024)

Order for Second Reading read.

6.38 pm

The Second Minister for Finance (Ms Indranee Rajah) (for the Minister for Finance): Mr Speaker, I beg to move, "That the Bill be now read a Second time."

The Companies and Limited Liability Partnerships CLLP (Miscellaneous Amendments) Bill, or the CLLP Bill, is associated with the previous Bill on the Order Paper, The Corporate Services Providers Bill (CSP Bill). The main amendments of the CLLP Bill were explained in my Second Reading speech of the CSP Bill earlier and the substance of this Bill was debated concurrently with the CSP Bill earlier. Mr Speaker, I beg to move.

Question put, and agreed to.

Bill accordingly read a Second time and committed to a Committee of the whole House.

The House immediately resolved itself into a Committee on the Bill. – [Ms Indranee Rajah].

Bill considered in Committee; reported without amendment; read a Third time and passed.