The capital reduction will be effective only when ACRA records the information lodged with it. 2. Reducing capital without the approval of the court. For a successful non-court approved capital reduction, the following steps need to be carried out: A shareholders’ special resolution must be passed;
Singapore is a high-income economy with a gross national income of US$54,530 per capita, as of 2017. The country provides one of the world’s most business-friendly regulatory environment for local entrepreneurs and is ranked among the world’s most competitive economies.
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