With Effect from December 2015, the penalties for non compliance of annual filing requirements have been increased manifold. New increased penalties for non compliances as well as sequence of penal actions taken against the directors of the company are as under: Continue reading “Consequences/Penalties for not filing Annual Returns for Singapore Company”
With the enhanced enforcement regime being implemented by ACRA with effect from December 2015 and very high flat penalties being imposed for breach of deadlines, it has become very important for business owners to know and calculate the AGM due date and remain in compliance. Continue reading “AGM Due Date Calculation for Singapore Companies”
If you are having a Singapore Company or liaising regularly with a Singapore Company, Business Profile is the most common document that you will frequently come across.
Continue reading “ACRA Business Profile (Certificate of Incumbency) of Singapore Company”
There is a lot of information about Singapore company setup or formation all over the internet, however it is scattered all over the place and this is an attempt to summarize the relevant information at one place to provide overview of all the basic information as well as incidental and ancillary matters at a glance as well as DIY TIPS. Continue reading “All you need to know about Singapore Company Incorporation, Registration or Establishment – A Step by Step Guide and DIY TIPS”
If your company is a private limited company, you may dispense with the holding of the Annual General Meeting (AGM) by following the procedures for dispensation: Continue reading “Dispensing Annual General Meeting (AGM) of Singapore Companies”
ACRA (Singapore Registrar of Companies) doesn’t issue any Certificate of Incorporation at time of incorporation and an e-notification of incorporation is generated electronically, which bears no signatures. Continue reading “Certificate of Incorporation of Singapore Companies”
In most of commonwealth countries, there is this concept of authorised capital. Authorised capital refers to the maximum permissible amount of capital up to which the share capital of the company can be increased. Continue reading “Abolishment of Authorised Capital and Share Premium for Singapore Companies”
A charge is a right or an interest obtained by a creditor or a lender in the property of the company as a security for the debt provided to the company. Such charges are required to be updated with Registrar of Companies at time of creating, or if there are changes, as well as when the charges are satisfied. Continue reading “Charge Filings (Creation, variation or satisfaction of Charges) for Singapore Companies”
There are situations when the appointed Company secretary needs to be resigned or changed and this is a fairly simple process if the outgoing company secretary is cooperative with this. Continue reading “Removing or changing Company Secretary of Singapore Company”
