In the complex landscape of mergers and acquisitions (M&A) in Singapore, various parties play crucial roles to ensure a smooth and legally compliant transaction. While lawyers, financial advisors, and accountants are often at the forefront, the corporate secretary holds a vital, albeit sometimes less visible, position throughout the M&A process. Their expertise in corporate governance [...]
The role of a corporate secretary has traditionally been associated with meticulous record-keeping, navigating complex legal documents, and ensuring strict adherence to statutory deadlines. While these core responsibilities remain vital, technology is rapidly transforming how corporate secretarial services are delivered and the value they bring to businesses in Singapore. The era of physical registers, stacks [...]
Singapore, a thriving business hub, presents numerous opportunities for growth. However, managing the administrative aspects of running a business, such as payroll processing, can be complex and time-consuming. For many companies, particularly Small and Medium Enterprises (SMEs), outsourcing payroll has become a strategic decision that offers significant benefits. Payroll involves more than just calculating salaries; [...]
Owning and operating a Small and Medium Enterprise (SME) in Singapore requires careful financial management. A crucial aspect of this is securing adequate financing to fund operations, support growth, and navigate challenges. Fortunately, SMEs in Singapore have access to a diverse range of financing options, each with its own characteristics and suitability depending on the [...]
Singapore, a bustling hub of commerce and innovation, thrives on a competitive marketplace. To ensure fair play and prevent anti-competitive practices that could harm consumers and businesses, the nation has a robust legal framework in place: the Competition Act 2004 (Cap. 50B). Understanding the fundamental principles of this law is not just good practice for [...]
In Singapore, ensuring the legitimacy of company meetings is paramount. A fundamental aspect of this is the concept of a quorum. A quorum refers to the minimum number of members required to be present at a meeting, either in person or by proxy, for the meeting to be validly convened and for any business conducted [...]
Maintaining accurate and up-to-date records with the Accounting and Corporate Regulatory Authority (ACRA) is a fundamental compliance requirement for all companies registered in Singapore. This includes promptly notifying ACRA of any changes to your company's officers, such as directors, company secretaries, and auditors. Failure to do so within the stipulated timeframe can lead to penalties [...]
Relocating an office is a significant undertaking for any business. Whether driven by expansion, downsizing, or seeking a more strategic location, a well-planned move is crucial to minimize disruption and ensure a smooth transition for your team and operations. This guide provides a step-by-step approach for businesses planning an office relocation in Singapore. Step 1: [...]
Operating a business in Singapore offers significant advantages, but it also comes with a comprehensive set of regulatory requirements. For companies to maintain good standing and avoid penalties, ensuring ongoing compliance with various authorities like the Accounting and Corporate Regulatory Authority (ACRA), the Inland Revenue Authority of Singapore (IRAS), and the Ministry of Manpower (MOM) is [...]
Companies in Singapore sometimes repurchase their own shares from the marketplace or existing shareholders. While these repurchased shares can be cancelled, companies also have the option under the Companies Act 1967 to hold these shares "in treasury". These are known as treasury shares. But what exactly are treasury shares, why do companies hold them, and [...]