How to dispose of documents that contain personal data

The Personal Data Protection Act (PDPA) states that companies have to properly dispose of documents containing personal data. Failing which they may be penalised. Personal data refers to data from which an individual can be identified. Any data such as a person's name (or part thereof), identification number, passport details, height, weight, gender, bank details [...]

By |2020-12-16T16:20:32+08:00December 16th, 2020|Running a Company|

Key proposed changes to the Personal Data Protection Act (PDPA)

In the proposed changes to the Personal Data Protection Act (PDPA), organisations will be penalised more heavily for data breaches. At the same time, organisations will have more freedom to use personal data to innovate. These changes were passed in Parliament on Monday, 2nd November 2020. A key change to the PDPA is the maximum [...]

By |2020-11-27T14:56:39+08:00November 27th, 2020|Running a Company|

Registering your company’s Data Protection Officer information with ACRA via BizFile+

Under the requirements laid out in the Personal Data Protection Act (PDPA), every organisation is required to appoint at least one individual as the organisation's Data Protection Officer (DPO). The DPO's business contact information (BCI) has to be made publicly available. The DPO may be a person whose scope of work solely relates to data [...]

By |2020-11-27T14:48:24+08:00November 27th, 2020|Running a Company|

Important compliance requirements for Singapore companies

If you are thinking of incorporating a company or your company is already incorporated, here is a list of compliance requirements that all company directors should ensure that the company adheres to. Do note that it is the duty of the company directors to ensure that the company is following the regulatory requirements. Appointment of [...]

By |2020-10-11T12:17:55+08:00October 11th, 2020|Running a Company, Useful Incorporation Articles|

Tax obligations before striking off a company in Singapore

Part of the striking off process of a Singapore company involves clearing all outstanding taxes and tax obligations to the Inland Revenue Authority of Singapore (IRAS). If these are not cleared, IRAS may object to the application for striking off. The company in question should ensure the following: All outstanding tax returns (Form C-S/C) are [...]

By |2020-10-10T11:53:04+08:00August 21st, 2020|Running a Company|

Business and IPC Partnership Scheme (BIPS)

The Business and IPC Partnership Scheme (BIPS) is a scheme that allows 250% corporate tax deduction on qualifying expenses when a business' or company's employees volunteer, provide professional services to recognised Institutions of Public Character (IPCs) The employee of a business or company in Singapore can qualify for the BIPS scheme provided: he or she [...]

By |2020-10-10T11:50:58+08:00July 16th, 2020|Running a Company|

Guide for Notice of Extraordinary General Meeting

If a company wants to hold an Extraordinary General Meeting (EGM), it has to send out a written notice to all its shareholders to inform them of the meeting. The notice period may differ between private and public companies. If a private company would like to hold an EGM to pass an ordinary or special [...]

By |2020-10-10T11:54:20+08:00June 30th, 2020|Running a Company|

Lodging of information on the Registers of Registrable Controllers with ACRA

The need to maintain a Register of Registrable Controller (RORC) came into effect on the 31st of March 2017 through the amendment of The Companies Act. Newly incorporated companies will be required to have and maintain the registers of registrable controllers within 30 days from the date of incorporation and existing companies will be given [...]

By |2020-10-10T11:54:27+08:00June 6th, 2020|Running a Company|

What is a shelf company and how to buy a Singapore shelf company

A shelf company is a registered legal entity that is operational but is dormant. Being dormant, it has no income and does not carry out any activities. It does have all the basic structure of a legal entity. It has a registered local address, local director, shareholder and company secretary. Typically, shelf companies have a [...]

By |2020-10-10T11:54:35+08:00May 13th, 2020|Running a Company|

I need to return to my workplace during the circuit breaker. How can I do so?

During this circuit breaker period, non-essential workplaces are expected to be closed. However, there may be instances where certain employees may be required to return to the workplace for a short period of time. They can do so by applying for Time-Limited Exemption through this website: https://covid.gobusiness.gov.sg/ The application is to be done by the [...]

By |2020-10-10T11:54:44+08:00May 11th, 2020|Running a Company|
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