This document provides an overview and summary of recent and upcoming business law reforms in Singapore. It discusses reforms to the Business Registration Act and Companies Act that were implemented in 2012, as well as future planned reforms. Key changes include streamlining the registration process for sole proprietorships and partnerships converting to companies, increasing penalties for certain Business Registration Act offenses, and relaxing restrictions on financial assistance and audit requirements for private companies. The document outlines the process for public consultations and passing reforms through Parliament for both Acts.