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So far Web Admin has created 129 blog entries.

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 [...]

2019-11-12T11:53:48+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 [...]

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 [...]

2019-09-28T00:04:23+08:00September 30th, 2019|Useful Articles|

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 We will break up the obligations and exemptions for dormant companies into two categories, those under IRAS [...]

2019-09-27T23:38:19+08:00September 27th, 2019|Useful Articles|

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 [...]

2019-09-05T10:39:24+08:00September 5th, 2019|Useful Articles|

What is the Register of Members

The Register of Members is a record of all shareholders or members of a company. This may also be called the Register of Shareholders for companies that issue shares. In the register, the following information about the members of the company need to be maintained: Name of members Address of members Date of becoming a [...]

2019-09-03T12:12:00+08:00September 3rd, 2019|What Is...|

What is a Politically Exposed Person

A Politically Exposed Person (PEP) is someone who has been entrusted with a prominent public function. Due to the position that a PEP is in, there is a higher risk for that particular individual to be involved in corruption or bribery. This term is usually used in the financial services industry and its accompanying industries. [...]

2019-08-30T01:42:02+08:00August 30th, 2019|What Is...|

What is an Annual General Meeting (AGM)

An Annual General Meeting (AGM) is a mandatory meeting for all companies. The requirement is for companies to hold an AGM within 6 months from the end of their financial year. At the AGM, the directors of the company will present an annual report of the company, typically the financial statements, to the shareholders. This [...]

2019-08-24T20:48:05+08:00August 28th, 2019|What Is...|