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Singapore Company Registration & Administration

A Blog About Singapore Company Incorporation, Administration, Closure And Related Procedures Including DIY Tips

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Bizfile

Model Constitution for Singapore Companies

 

Model Constitution-01With new year, ACRA has revamped its Bizfile website and rebranded it as Bizfile+ (Bizfile Plus). Simultaneously legislative changes as announced previously have also kicked in. Memorandum and Articles of association of the Singapore companies will be replaced by a single document called CONSTITUTION.  Continue reading “Model Constitution for Singapore Companies”

Consequences/Penalties for not filing Annual Returns for Singapore Company

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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”

Annual Return Filing of Singapore Companies

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Annual return filing with ACRA is the only official step to let ACRA know that the financial statements have been completed and AGM has been convened and all annual compliance formalities are complete. It is very critical to ensure that the annual return filed is correct in all aspects. Continue reading “Annual Return Filing of Singapore Companies”

New Audit Exemption Criteria for Singapore Companies

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With effect from 01 July 2015, Singapore laws have changed to change audit exemption criteria. A concept of Small companies and small group has been introduced. Small companies not belonging to any group and Small companies belonging to small groups are now exempt from Audit. Continue reading “New Audit Exemption Criteria for Singapore Companies”

Contents of Financial Statements of Singapore Company (SFRS)

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It is a general misconception that once book keeping is completed to obtain balance sheet and profit and loss of accounts of the company, the Financial Statement requirements has been completed. Singapore companies are required to prepare a set of Financial Statements in accordance with Singapore Financial Reporting Standards (SFRS).
Continue reading “Contents of Financial Statements of Singapore Company (SFRS)”

Steps in convening a Singapore Company AGM

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All Singapore companies are required to convene Annual General Meeting (AGM) for every financial year end. Lack of experience or knowledge about steps in AGM can cause unnecessary delays. Continue reading “Steps in convening a Singapore Company AGM”

ACRA Business Profile (Certificate of Incumbency) of Singapore Company

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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”

Dispensing Annual General Meeting (AGM) of Singapore Companies

dispensing of AGM

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”

Certificate of Incorporation of Singapore Companies

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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”

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