Myanmar – Noticeable Facts to Be Followed by Companies Recently Issued by DICA Myanmar

The Directorate of Investment and Company Administration (DICA) has recently issued updated compliance requirements for companies under the Myanmar Companies Law (2017). This newsletter from ILAW summarizes key obligations on annual returns, share transfers, director changes, and public company operations — emphasizing the government’s drive to enhance corporate governance, transparency, and accountability across the business sector.

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Key takeaways:

1. Additional Documents Required for Annual Return (AR)
2. Further Compliance Requirements for Share Transfers
3. Formalities and Reporting Duties for Changes in Company Directors
4. Prospectus and Commencement of Business
5. Statutory Meetings and Reporting Duties
6. Annual Returns and Company Registers
7. Enhanced Scrutiny of Public Companies
8. Action and Enforcement