Mon. Jul 4th, 2022

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New rule to get en bloc owners to participate in EGMs timely, but could do more to rein in proxy abuse

1 min read

SINGAPORE – A new regulation that aims to encourage owners to participate in general meetings for collective sales and minimise the risk of proxy abuse is seen as timely, now that activity is revving up, observers say.

Amendments to the Land Titles (Strata) Act to restrict the number of owners a proxy can represent at general meetings for collective sales came into force on Jan 18.

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