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Q：
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What is the difference between the two options available under "Type of model constitution" for incorporation of local company?
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A：
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One option is for the company to choose a constitution that is in force at that point in time. If a company chooses this option and the constitution changes in future, then the new constitution will not automatically apply to the company. The company will have to adopt the new constitution specifically if it wants to.
The second option is for the company to choose a constitution that is in force from time to time. This means that if the constitution changes in future, the company will be taken to have adopted this new constitution automatically.
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Q：
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Does the company need to hold an Extraordinary General Meeting to adopt the changes if there is any updates made to the model constitution? Alteration to Memorandum and Articles of Association?
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A：
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A special resolution adopting the changes has to be filed with Accounting and Corporate Regulatory Authority of Singapore (“ACRA”) within fourteen (14) days. The company has to hold a general meeting in order to pass the special resolution.
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Q：
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When will the model constitution be available?
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A：
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The model constitutions will only be available from 03 January 2016.
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Q：
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For company incorporation, when can we view the model constitution? What is the difference in the two (2) types of model constitution?
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A：
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The model constitution may only be viewed from 03 January 2016 and are substantially similar in contents to Table A in the 4th Schedule of the Companies Act. There is a model constitution for private companies and one for companies limited by guarantee.
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FAQ
