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Singapore Company Shares and Share Classes

The shares of a company represent ownership in a company. When a company is incorporated, the shareholders are the ones who own the company. The shareholders must also determine who owns how many shares. There are also different classes of shares with different rights. Shareholders are the ones who invest in the company and in [...]

2019-05-21T14:46:02+08:00May 21st, 2019|

What is a Quorum

A quorum is the number of members in a company that must be present in a meeting in order to transact any business. A meeting cannot be convened or start any business without having a quorum or the minimum number of voting members present. Any business that is transacted where a quorum is not present [...]

2019-05-14T11:45:05+08:00May 14th, 2019|

How to compile a company’s financial statements

At the end of every financial year, the directors of a company will need to compile their financial statements. The financial statements can be audited and unaudited. For exempt private companies limited by shares or small companies, they may present their financial statements unaudited as they qualify for audit exemption. For exempt private companies limited [...]

2019-05-14T11:46:20+08:00March 14th, 2019|

How to reduce the share capital of a company

Share capital represents the amount that the shareholders invest in a company. Share capital may be increased or reduced. If the shares are paid for then the shares are considered paid up. If shares are partially paid or have yet to be paid up then we classify this as unpaid share capital. The shareholders holding [...]

2019-03-12T13:18:58+08:00March 13th, 2019|

How long does it take to incorporate a Singapore company?

Before incorporating a Singapore company, you will need to fill in the incorporation documents and provide our firm with the relevant identification documents. The company registration documents can be found here: https://singaporesecretaryservices.com/company-registration-documents/ Click here for the steps to incorporate a Singapore Company. Once all the documents and payments are made, our firm can incorporate the [...]

2019-03-02T00:10:58+08:00March 5th, 2019|

Can I be a director of a Singapore company if I am a dependant pass holder?

There are two parts to the answer. If you are looking to be the local resident director of a Singapore company then the answer is no as dependant pass holders are not allowed to work in Singapore. Being a local director is a form of employment. To be allowed to work in Singapore, you will [...]

2019-03-01T10:52:01+08:00March 4th, 2019|

What is a Share Certificate

A share certificate is proof of ownership of a company's shares. The persons holding the share certificates are the shareholders of the company. Shareholders are commonly referred to as owners. The preparation and issuance of a share certificate are usually done by the company secretary. The share certificate must be issued in accordance with the [...]

2019-03-01T09:40:39+08:00March 1st, 2019|

Do I need to have a common seal?

Before 31st March 2017, a Singapore company executing a document as a deed was required to affix the company's common seal on the deed in accordance with the company's constitution. The typical model constitution of a Singapore company incorporated before 31st March 2017 would state that the common seal of the company would have to [...]

2019-02-26T01:05:45+08:00February 27th, 2019|

What is a Special Resolution

There are two types of shareholders resolutions. Ordinary Resolution Special Resolution A Special Resolution is a resolution whereby the votes cast in favour of the resolution is at least three times higher than the votes cast against it. Therefore, 75 per cent of the votes is required to be cast to pass a special resolution. If [...]

2019-02-27T15:33:39+08:00February 26th, 2019|
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