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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…

Have you updated the Electronic Register of Members (EROM) of your Singapore Company?

One of the recent legislative changes to the Singapore Companies Act is that ACRA will maintain the Registers of Members for private companies in electronic form (EROM) from 3 Jan 2016, and companies will need to update shareholder information that will be recorded in the EROM.  In December 2015, ACRA…

3 R’s of Turning Around an Almost Unbankable Business Proposal

Tons of business proposals ended up in the trash everyday. Entrepreneurs, business owners, and investment brokers may ask, just what are the investors looking for? The answer might just be a question in itself – Is your project bankable? If you know your business proposal has ended up in the…

MAS Issued Consultation Paper on Proposed Guidelines for Regulatory Sandbox

On June 6, 2016, Posted by , In Compliance,Singapore,Singapore Companies,Singapore Corporates,startups,Tech, By ,,,,,,,, , With Comments Off on MAS Issued Consultation Paper on Proposed Guidelines for Regulatory Sandbox

The Monetary Authority of Singapore (MAS) has issued a consultation paper on proposed guidelines for regulatory sandbox today. The regulatory sandbox will provide a safer environment for allow Fintech companies to test their new financial services in a more relaxed regulatory environment but within a well-defined space and duration. There may be…

What does the new SEC rules mean for Crowdfunding in the States?

On May 15, 2016, Posted by , In Compliance,Legal,startups,Tech,USA, By ,,,,,,,,, , With Comments Off on What does the new SEC rules mean for Crowdfunding in the States?

New Crowdfunding Rules New crowdfunding rules taking effect on Monday will let anyone invest in startups, where startups raising money through online crowdfunding portals will be able to sell shares to people regardless of their wealth or income so long as the founders have submitted annual financial reports to the Securities and Exchange Commission…

New FinTech Bridge between UK and Singapore

On May 14, 2016, Posted by , In Compliance,Legal,Singapore,startups,Tech,UK, By ,,,,,,,,,,,, , With Comments Off on New FinTech Bridge between UK and Singapore

New FinTech bridge between UK FinTech firms and Singaporean FinTech companies Singaporean officials and FinTech companies gathered with UK FinTech companies on 11th May 2016 to celebrate the launch of the UK’s first ever FinTech Bridge, which included the signing of a regulatory cooperation agreement between the Financial Conduct Authority…

Will Wearables be the Next Big Thing in Payments?

On May 10, 2016, Posted by , In Australia,China,Hong Kong,Singapore,startups,Tech,USA, By ,,,,,,,,,, , With Comments Off on Will Wearables be the Next Big Thing in Payments?

With mobile payment taking the lead in cardless payment, will wearables be the next big thing in payments? What can the payment wearables tech firms do to encourage adoption?   1. Security Security is the key concern for the payment industry, be it online, card, mobile or wearables. Consumers are concerned…