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So far Daryl has created 439 blog entries.

Company seals and company rubber stamps

Company seal A company seal, or common seal, is an official seal by the company to endorse documents like deeds and share certificates. It bears the company's name and registration number and is a metal contraption used to emboss documents. The company seal is used for contracts that are required by law to be executed [...]

By |2020-10-10T11:54:49+08:00May 11th, 2020|Running a Company|

Does my company need to hire an auditor?

A private company limited by shares, commonly referred to as company, is regulated by the Accounting and Corporate Regulatory Authority (ACRA). Companies are required to adhere to the Companies Act and in the Companies Act, the need to hire an auditor is spelt out clearly. If a company is deemed a small company, it does [...]

By |2020-04-23T18:33:03+08:00April 23rd, 2020|Questions and Answers|

What is the difference between a Singapore Subsidiary Company and a Singapore Branch Office

If you are a foreigner looking to set up a company in Singapore, you have the option to set up either a Singapore Subsidiary Company or a Singapore Branch Office. There is another option to set up a Singapore Representative Office with Enterprise Singapore and that topic will be covered in another article. Singapore Subsidiary [...]

By |2020-07-16T09:36:28+08:00March 18th, 2020|Questions and Answers|

How Budget 2020 will affect businesses in Singapore

As uncertainties swirl over Singapore's economy, Deputy Prime Minister and Finance Minister Heng Swee Kiat delivered a generous, expansionary budget to aid companies and business tide through this period. The estimated budget deficit of SGD$10.9 billion, or 2.1 per cent of gross domestic product, even exceeds the forecasted budget deficit in 2009 of SGD$8.7 billion. [...]

By |2020-10-10T11:55:11+08:00February 18th, 2020|Running a Company|

Company Essentials Workshop (23rd November 2019)

Hi everyone, The end of the year is upon us and that means tax filing season is here. Please note that the deadline for e-filing of corporate taxes is on the 15th of December 2019. Here is a Company Essentials Workshop for all officers and shareholders of companies. It is open to all company directors [...]

By |2019-10-24T17:22:03+08:00October 24th, 2019|Events|

What happens when a Singapore company shareholder dies?

In this article, we will be discussing what will happen to a Singapore company shareholder's shares when he dies. First, we must be familiar with the difference between a share transfer and a share transmission. A share transfer occurs when one shareholder chooses to transfer his shares to another individual. This act is his choice [...]

By |2019-10-15T08:32:24+08:00October 15th, 2019|Questions and Answers|

How to apply for an Extension of Time to hold an Annual General Meeting

Holding an Annual General Meeting (AGM) is a statutory requirement. However, in certain situations, a company may not be able to hold the AGM within the stipulated timeframe. If so, the company may submit an application to the Accounting and Corporate Regulatory Authority (ACRA) for an Extension of Time (EOT). The maximum extension is sixty [...]

By |2020-10-10T12:00:16+08:00September 30th, 2019|Running a Company|

Filing obligations of dormant companies

The definition of a dormant company varies between the Inland Revenue Authority of Singapore (IRAS) and the Accounting and Corporate Regulatory Authority of Singapore (ACRA). The definitions are spelt out in this article: What is a Dormant Company Here is a video about dormant companies on our YouTube channel: We will break up the obligations [...]

By |2022-06-10T15:57:54+08:00September 27th, 2019|Running a Company|

A guide to Minutes of Company Meetings

When conducting a company meeting, the minutes of the meeting are usually taken. When preparing company meeting minutes, details such as the type of meeting, date, time, meeting attendees and transacted businesses are usually recorded. The minutes of a meeting should provide a snapshot of what transpired at the meeting and the actions to take [...]

By |2020-10-10T12:00:34+08:00September 5th, 2019|Running a Company|
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