Category Archives: Corporate Secretarial

Home »  Corporate Secretarial

Singapore Companies (Amendment) Act 2017 – AGM and Annual Returns

Singapore Companies (Amendment) Act 2017 – Annual General Meeting (AGM) and Annual Returns to be implemented in early 2018 The timelines for holding Annual General Meetings (AGMs) and the filing of annual returns will be aligned with the company’s FYE. This is to provide greater clarity and improve companies’ compliance…

Companies (Amendment) Act 2017 – Inward Re-Domiciliation Regime in Singapore

Companies (Amendment) Act 2017 – Inward Re-Domiciliation Regime in Singapore within first half of 2017 The Companies (Amendment) Act 2017 has introduced an inward re-domiciliation regime to allow foreign corporate entities to transfer their registration to Singapore instead of setting up subsidiaries (e.g. foreign corporate entities that may want to…

Setting up and maintaining the Register of Registrable Controllers of Singapore Companies and LLPs

Setting up Newly-incorporated companies and newly registered LLPs are required to keep register of registrable controllers  within 30 days from date of incorporation.   Existing companies and LLPs are required to keep register of controllers within 60 days from date of commencement of the regime (31 Mar 2017).   Companies…

Singapore Companies (Amendment) Act 2017 – Company Seal and Register of Registrable Controllers

Singapore Companies (Amendment) Act 2017 and Limited Liability Partnerships (Amendment) Act 2017 Companies (Amendment) Bill 2017 and Limited Liability Partnerships (Amendment) Bill were passed in Parliament on 10 Mar 2017. Key legislative amendments to take effect from 31 Mar 2017 i) Company Seal With effect from 31 Mar 2017, companies…

Running a Business without Proper Legal and Compliance?

Complying to local regulations and protecting your company’s rights is essential for all businesses, particularly at the start-up stage. We noticed that many business owners will forego having proper legal and compliance procedures in place for reasons such as: Company is new and relatively small; or Legal and compliance services are…

Singapore Companies (Amendment) Act 2014 – Financial Reporting

The Selected Key Legislative Amendments in the Singapore Companies (Amendment) Act 2014 – Financial Reporting 1. Small company audit exemption Previous Requirement Exempt private companies (EPCs) with annual revenue of $5m or less are exempted from audit. Changes New “small company” criteria for audit exemption: • Small company is defined as…

Singapore Companies (Amendment) Act 2014 – Internal Matters

The Selected Key Legislative Amendments in the Singapore Companies (Amendment) Act 2014 – Companies’ Internal Matters 1. Multiple Proxies Regime Previous Requirement • Unless articles provide otherwise, Member can appoint up to two proxies, and proxy can only vote by poll. • Articles usually provide for 48-hour cut off time for submission…

Singapore Companies (Amendment) Act 2014 – Directors

The Selected Key Legislative Amendments in the Singapore Companies (Amendment) Act 2014 – Matters relating to Directors 1. Removal of Age Limit for Directors Previous Requirement Shareholder approval required for appointment of person who is 70 years old and above as director of a public company or subsidiary of a public…

Singapore Companies (Amendment) Act 2014 – Model Constitution

The Selected Key Legislative Amendment in the Singapore Companies (Amendment) Act 2014 – Model Constitution Previous Requirement Person incorporating a company submits memorandum and articles of the company to the Registrar.  Articles may adopt all or any of the regulations contained in Table A of the Fourth Schedule. Changes Merged constitutional…

Singapore Companies (Amendment) Act 2014 – ACRA’s Electronic Register of Members

The Selected Key Legislative Amendment in the Singapore Companies (Amendment) Act 2014 – ACRA’s Electronic Register of Members (EROM) Previous Requirement All companies required to maintain register of members/ shareholders at registered offices. Changes From 3 Jan 2016, ACRA will keep electronic registers of members (EROM) for all private companies. EROM…