The former CEO of Midas Holdings, Patrick Chew Hwa Kwang, was charged on Thursday, February 10th 2022 for allegedly failing to use reasonable diligence in the discharge of his duties as a director. He was said to have failed to exercise reasonable supervision over the financial affairs of the Midas' subsidiaries, Jilin Midas Aluminium Industries [...]
On January 10th 2022, Parliament passed the Corporate Registers (Miscellaneous Amendments) Act. This amends the Companies Act and Limited Partnerships (LLP) Act. What are the changes? Both local and foreign Singapore registered companies will be required to keep a non-public register of nominee shareholders and their nominators. The register will need to be updated [...]
Finance minister Lawrence Wong will deliver the 2022 Budget on the 18th of February 2022. The Budget statement will be broadcast live on television and radio as well as on the Singapore Budget website. The Singapore Budget website: https://www.mof.gov.sg/singaporebudget The full budget statement will be published on this website as well. The Budget is seen [...]
Dear all, this is a notice that was sent to all companies by the registrar. We are reproducing it on our announcement page to keep everyone up to date. Just in case you may have overlooked this matter. Yours sincerely, The editorial team at Singapore Secretary Services Dear Sir/Mdm, Since 31 Mar 2017, companies, [...]
From 26 Jul 2021, all exporters of duty and GST-unpaid liquor and/or tobacco sea stores for consumption onboard a vessel by the crew and/or passengers outside Singapore waters must be registered with Singapore Customs before they can obtain an export permit via TradeNet. Exporters may register via the “Application for Registration as an Exporter of [...]
The 2-tier penalty framework for filing of annual returns and annual declarations by Singapore companies, Variable Capital Companies (VCCs) and Limited Liability Partnerships (LLPs) will be deferred. It was supposed to take effect from the 30th of April 2021. The current penalty framework will continue to apply: Late lodgement penalty for Local Companies: Flat rate of [...]
This is an announcement that all company officers should have received via email. We are reproducing this email to help get this message out to all companies. Dear Sir / Madam, 1. As announced under Phase 2 (Heightened Alert) on 16 May 2021, work-from-home will be the default at workplaces. Employers must ensure that employees [...]
Over SGD$5.5 billion will be paid out in the next tranch of payments under the Jobs Support Scheme (JSS). This will be made out to more than 140,000 employers for the wages of over 1.9 million employees. The payouts will be made from October 29th onwards. This latest payout will be for wages paid to [...]
[ANNOUNCEMENT ON ACRA.GOV.SG] We thank our BizFile+ users for their patience and understanding in the past one week while we are working urgently to resolve the system slowness and intermittent disruption issues. We sincerely apologise for the inconvenience users may have experienced. As we expect the traffic to the portal to continue to be high and [...]
BizFile+ portal will be available from 14 Sep at 6am onwards. The “Update Register of Registrable Controllers (RORC)” transaction in the Bizfile+portal will continue to be suspended. Advance notice will be given when the lodging of RORC information resumes and a revised deadline is set. As previously announced, penalties for statutory filings with due dates between [...]