Hong Kong companies must now collect and retain information about their beneficial owners. The new law is part of a global effort to enhance corporate transparency.
Singapore’s Companies Act has undergone changes to promote investment, corporate transparency and compliance. We summarize what companies operating in Singapore need to know about the changes to ensure locally compliant corporate governance.
As The New York Times reported in May, prominent global investors are looking to capitalize on India’s growing middle class and see parallels between the India of today and the China of ten years ago.*
Given India’s enormous economic potential, we wanted to highlight some recent developments that companies operating in India should be aware of. These changes — some of which are already in place and some of which will come into effect soon — include the introduction of the new Companies Act 2013, which mandates a host of requirements for Indian companies or Indian subsidiaries of foreign companies. There are also important changes to corporate withholding tax and an increase in the Service Tax Rate.