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.…
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…
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…
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…
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…
A Complete Compliance Guide For Singapore Companies
Are you thinking of starting a new company in Singapore? Do you have plans to make Singapore your company's base? There are many tax benefits as well as other advantages incorporating a Singapore company, however, you also face an increment in compliance requirements. The…