About The Raffles Corporate Services Editorial Team

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So far The Raffles Corporate Services Editorial Team has created 1196 blog entries.

Section 161 Companies Act Singapore: When a Share Allotment Is Void and How the Court Can Validate It

When a Singapore private company wants to issue new shares, most directors treat it as a routine administrative step: pass a resolution, allot the shares, file the return with ACRA, done. In practice, the Companies Act 1967 imposes a strict procedural gate on that power, and getting it wrong does not just create a paperwork [...]

EFS Enhanced Risk-Share 2026: What the September 2026 to March 2027 Boost Means for SME Borrowers

From 1 September 2026 to 31 March 2027, the Government's risk-share under two Enterprise Financing Scheme (EFS) facilities, the SME Working Capital Loan and the Project Loan, rises from 50% to 70%. For a borrower, that does not change how much you can borrow. It changes how much of the default risk Enterprise Singapore (EnterpriseSG) [...]

MOM Simplifies the Work Permit Levy Framework: What Employers Should Expect From 2028

At the Ministry of Manpower's (MOM) Committee of Supply Debate on 3 March 2026, Minister for Manpower Dr Tan See Leng announced that MOM will streamline the Work Permit levy framework for Work Permit Holders (WPHs). This is the first step in a longer-term simplification effort, and it follows years of the framework accumulating complexity: [...]

MOM’s New ONE Pass (AI and Tech) Track: What Singapore Employers Need to Know Ahead of January 2027

At the Ministry of Manpower's (MOM) Committee of Supply Debate on 3 March 2026, Minister for Manpower Dr Tan See Leng announced that Singapore will introduce a new ONE Pass (AI and Tech) track from January 2027. The new track will sit under the existing Overseas Networks and Expertise (ONE) Pass framework and will replace [...]

Extension of Time for Financial Statement Audit Completion: A Different Deadline From the AGM and Annual Return EOT

Extension of Time for Financial Statement Audit Completion: A Different Deadline From the AGM and Annual Return EOT Directors sometimes ask whether there is a separate "extension of time" they can apply for when their auditor simply has not finished the audit yet. It is an understandable question: the audit is often the single biggest [...]

By |2026-09-09T00:27:56+08:00September 9th, 2026|Running a Company|

IRAS Digital-Only Submission for Strike-Off and Cessation Financial Statements

IRAS Digital-Only Submission for Strike-Off and Cessation Financial Statements When a Singapore company applies to strike off under section 344 of the Companies Act 1967, or simply stops trading ahead of a formal strike-off application, it must first settle its affairs with the Inland Revenue Authority of Singapore (IRAS). That has always meant filing every [...]

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