First phase of Corporate and Accounting Laws (Amendment) Act 2025 commences on 6 May 2026.
Key provisions of the Act entered into force on 6 May 2026. The amendments introduce stricter penalties for directors, measures to prevent the use of companies for illegal activities, and enhanced requirements for auditing accountability and shareholder protection.
Why it mattersLawyers must advise corporate clients and directors on their increased liability and the heightened compliance standards regarding auditing and company governance.