How Do You Convene An Extraordinary General Meeting (EGM) For Your Company
What is an Extraordinary General Meeting (EGM)? If you have incorporated a company in Singapore or planning to do so, chances are you have done or heard of Annual General Meetings (AGMs). As an exempt private company limited by shares, it is mandatory for you to convene an AGM…
What is the Limited Liability Partnership (LLP) In Singapore?
What is an LLP? An LLP can be defined as a partnership where the individual partner’s own liability is generally limited. As the name suggests, it requires a minimum of two partners with no limit on the maximum number of shareholders. Some facts of the legal status include: It…
How To Set Up A Register of Controllers
In our previous article, we have introduced the registers of registrable controllers with ACRA and its requirements. How do you set up this register of controllers properly? We summarise for you in this article: Identification First, you have to reasonably identify and obtain…
How To Choose A Suitable Corporate Secretary For You
Roles of a Corporate Secretary in Singapore All companies incorporated in Singapore are mandated by law, to have a named individual sit on board as a company secretary. The roles of a company secretary are mainly to ensure that the company meets with all regulations and…
What Is Paid-up Capital
When most company owners start a company, most often than not, never give much thought about their paid-up capital. Quite a number of company owners do not know what it is. It is the amount of money shareholders pay to a company, in exchange for shares in the company.…
Important Compliance Needed For Singapore Companies
Before you decide to incorporate a company, there are several compliance requirements to take note of for Singapore companies. As a company director, you must ensure that your company is compliant and follows regulatory requirements, failure to do so will subject your company to…
Choosing The Best Virtual Office In Singapore For Your Company
The impact of COVID-19 has been tremendous. Companies worldwide have been forced to switch to working-from-mode at short notice. The central business district in Singapore has seen a drastic reduction in office crowd for most of the year 2020, ever since Singapore has gone into…
The First Board Resolution Explained
The first board resolution is equivalent to an agreement among all owners of the company. Under the Accounting and Corporate Regulatory Authority legislation, it is a requirement for this document to be completed within a month from the date of the company’s incorporation. Where…