What is the Register for Registrable Controllers?

The Register for Registrable Controllers is a document that lists all controllers and beneficial owners of a company. A controller is an individual or an entity that has significant interest or significant control over the company.

Significant interest is determined as an individual or an entity that:

holds 25 per cent or more of shares; or
holds 25 per cent or more of the total voting rights; or
has a right to 25 per cent or more of the total capital or profits in a company without share capital.

Significant control is determined as an individual or an entity that:

can appoint or remove directors with a majority of voting rights; or
holds more than 25 per cent of the total voting rights; or
has significant influence or control over the company.

For controllers who are individuals, the required information includes:

Full name;
Aliases, if any;
Residential address;
Nationality;
Identity card number or passport number;
Date of birth;
Date on which the registrable individual controller became an individual controller of the company or foreign company (as the case may be); and
Date on which the registrable individual controller ceased to be an individual controller of the company or foreign company (as the case may be)

For controllers that are corporate entities; the prescribed particulars include:

Name;
Unique entity number issued by the Registrar, if any;
Address of registered office;
Legal form of the registrable corporate controller;
Jurisdiction where, and statute under which, the registrable controller is formed of incorporated;
Name of corporate entity register of the jurisdiction in which the registrable corporate controller is formed or incorporated, if applicable;
Identification number or registration number of the registrable corporate controller on the corporate entity register of the jurisdiction where the registrable corporate controller is formed or incorporated, if applicable;
Date on which the registrable corporate controller became a corporate controller of the company or foreign company (as the case may be); and
Date on which the registrable corporate controller ceased to be a corporate controller of the company or foreign company (as the case may be)

Every Singapore company and Limited Liability Partnership will be required to maintain a Register for Registrable Controllers unless exempted.

These are the types of entities that are exempt:

Public companies and LLPs listed on approved Singapore exchanges and abroad;
Financial institutions;
Government-owned companies and LLPs;
LLPs where all partners are exempted;
Subsidiaries of the exempted companies.

When in doubt, seek legal advice or consult an experienced ACRA Filing Agent.

Yours Sincerely,
The editorial team at Singapore Secretary Services

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