How To Write A Fair Employment Contract in Singapore

How To Write A Fair Employment Contract in Singapore

The employment contract is one of the most important documents in an employment relationship. It lays out your obligations, as well as those of your employees. An employment contract that you fail to draft properly can lead to a legal battle that you will not want to be involved…


what is singapore payment services act

What is Singapore Payment Services Act?

The Singapore Payment Services Act (PSA) was enacted to regulate the payment services industry in Singapore. The act is enforced by the Monetary Authority of Singapore (MAS). The MAS issues licences to payment service providers (PSPs) who wish to provide payment services in…


directors duties in singapore

Directors’ Duties in Singapore

The board of directors, which include the Chief Executive Officer (CEO), usually manages a company's operations. This is in accordance with the Companies Act (CA) section 157A. In this article, we will discuss what the directors' duties in Singapore are. When it comes to the…


how to appoint company directors

How To Appoint Company Directors?

In Singapore, all companies are required to have a minimum of 1 director who is a Singapore resident. Hence, it is crucial for you to know the requirements on how to appoint company directors in your Singapore company. Who is qualified to be a director In order to qualify as a…


How To Remove A Director For Singapore Companies

How To: Remove A Director For Singapore Companies

Company directors have an important role in the company's business operations. There are a few ways an individual can stop being a director either through resignation, termination or disqualification. In this article, we will discuss the necessary steps and procedures to remove…


Personal Data Protection Act

An Overview of The Personal Data Protection Act (PDPA) In Singapore

Globally, data protection laws are coming into force. This includes the EU’s General Data Protection Regulation (GDPR), Brazil’s Lei Geral de Pretecāo de Dados Pessoais (LGPD), Thailand’s Personal Data Protection Act (PDPA), India’s and Indonesia’s proposed bills, California’s…


how to hold AGMs online during COVID 19

How to hold AGMs online during COVID-19

This article aims to give you an idea of how to hold Annual General Meeting(s) (AGMs) online or virtually during COVID-19. All private companies, unless exempted, must hold their AGMs after the end of the companies' Financial Year End (FYE) within a timeframe of six months.…


Nominee Director

What is a Nominee Director?

Many clients have asked us, 'What is a Nominee Director and what does he or she do exactly? Do they have any legal rights over the company?'. In this article, we will answer this question in detail. Why do I need a Nominee Director (ND)? To answer this, we need to look at the…


accounting and bookkeeping

What is Cloud-Based Accounting Software?

As a business owner, accounting is a very time-consuming yet critical activity that you have to do. You will be able to analyse your business performance with the necessary data at your fingertips if you start off with proper bookkeeping from day 0. In today’s market, the use of…


failure to file annual returns

Consequences Of Failure To File Annual Returns

What does the Act say? In accordance with Section 197 of the Companies Act, all companies need to file their annual returns on time. Failure to file annual returns will result in a Singapore Dollar SGD $300 late lodgement fee. This $300 late lodgement fee will be payable when…