Companies (Amendment) Act, 2023 (Commencement) Order, 2024 (SL 17 of 2024)

Summary

This is a Cabinet Order that brings the Companies (Amendment) Act, 2023 (Act 15 of 2023) into force. The Order itself contains no substantive rules -- it simply exercises the Cabinet's power under section 1(2) of the Companies (Amendment) Act, 2023 to fix the date on which that amending Act takes legal effect.

• Commencement date: The Companies (Amendment) Act, 2023 comes into force on 31 July 2024.
• Substantive changes: The Order does not itself set out the substantive changes made by the amending Act; those are contained in Act 15 of 2023 itself, not in this commencement instrument. Readers needing to understand the substantive changes to the Companies Act should consult that Act directly.
• Scope of application: Because this is a short commencement order, it applies generally to whatever persons and entities are affected by the underlying Companies (Amendment) Act, 2023 -- i.e., companies registered or operating under the Cayman Islands Companies Act -- rather than creating any new, distinct compliance obligation of its own.

Applies to

companies

Deadlines

• 31st July, 2024: Date on which the Companies (Amendment) Act, 2023 comes into force

Related documents

• This document commences Companies (Amendment) Act, 2023 (Act 15 of 2023)
• This document is made under Companies (Amendment) Act, 2023 (Act 15 of 2023)