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, are required by law to hold their AGMs after the end of the companies' Financial Year End (FYE) within a timeframe…


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

In accordance with Section 197 of the Companies Act, all companies must be required to file their annual returns on time. Failure to file annual returns, a Singapore Dollar SGD $300 late lodgement fee will be imposed by the registrar against the company as a penalty. This $300…


How does a company pay dividends in Singapore

How does a company pay dividends in Singapore

We hear so much of this term dividends but we seldom discuss the rules and implications associated with it. As most will know, it is basically profit (or part of it) distributed to the owner(s) of a company at the end of or during a company’s financial year. What are the types…


singapore filing requirements for companies

Singapore Companies Filing Requirements

Every year, companies in Singapore are required to file with two main governing bodies, namely Accounting and Corporate Regulatory Authority (ACRA) and Inland Revenue Authority of Singapore (IRAS). The Singapore companies filing requirements consist of three components.…


can a shareholder or director obtain a loan from company

Can Directors And Shareholders Obtain A Loan From The Company?

A director or shareholder may obtain a loan from the company, but not without certain restrictions. In general, a director is not permitted to do so. But there are circumstances that a director or shareholder may do so if the rules are followed, to ensure corporate governance is…


are you liable for debts as company director

Are You Liable For Company Debts As Director In Singapore?

Have you ever wonder, at the point of incorporating your company, are there any circumstances where you will be personally liable for your company’s debts as a director? The general answer will be no. That is the sole purpose of why you should incorporate an exempt private…


boardroom annual general meeting

Holding Annual General Meetings (AGMs) For Your Company

What is an Annual General Meeting (AGM)? Annual General Meetings (AGMs) are compulsory annual meetings that all Singapore companies need to hold. The primary purpose is to update the shareholders of the company on the business or financial health. Financial statements are…