Annual Return (AR) Filing With ACRA: Common Mistakes and Rejection Reasons
Annual Return (AR) filing with ACRA: common mistakes and rejection reasons for Singapore company directors and company secretaries.
Annual Return (AR) filing with ACRA: common mistakes and rejection reasons for Singapore company directors and company secretaries.
Annual General Meeting (AGM) dispensing, EOT and virtual meetings: common mistakes and rejection reasons for Singapore private companies.
Company secretary statutory duties under the Companies Act: common mistakes and rejection reasons for Singapore directors and company secretaries.
Every charge a Singapore company creates over its property, whether a fixed charge over land, a floating charge over its undertaking, or a charge securing a debenture issue, must be lodged with the Accounting and Corporate Regulatory Authority (ACRA) for registration within 30 days of creation. Miss that deadline, and the consequence is not a [...]
When a Singapore company raises a new round of funding at a lower valuation than the previous round, existing investors who paid a higher price per share can find their percentage ownership, and the value of their stake, quietly eroded. Anti-dilution provisions are the contractual mechanism that shareholders' agreements use to guard against exactly this [...]
Employers bringing in a Work Permit holder for the first time in the Construction, Marine shipyard, Process (CMP) or Manufacturing sectors often focus their compliance effort on the In-Principle Approval (IPA), the medical examination and the security bond, and only discover the Settling-In Programme (SIP) requirement when the worker's Work Permit issuance stalls. The SIP [...]
Most Singapore SMEs still associate government grants with digitalisation vouchers and consultancy fees. Far fewer realise there is a dedicated scheme, the Energy Efficiency Grant (EEG), that will co-fund up to 70% of the cost of swapping an old chiller, oven, compressor or lighting system for a certified energy-efficient one. With utility costs a recurring [...]
Deferred tax is one of the least understood lines in a Singapore SME's financial statements, largely because it never appears as cash. It is a notional adjustment required by Financial Reporting Standard 12, Income Taxes (FRS 12), to reflect the future tax consequences of differences between how an asset or liability is carried in the [...]
Most Singapore incorporations start, and stay, private companies limited by shares. But a growing number of scale-ups, pre-IPO groups and companies planning an employee share scheme with a wide participant base eventually bump into the ceiling that Section 18 of the Companies Act 1967 places on every private company. When that happens, directors and their [...]
Singapore bank account opening: DBS, OCBC, UOB, Wise, Aspire: Common mistakes and rejection reasons. For foreign founders setting up shop in Singapore...