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: 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…
How to Set Up a Subsidiary in Singapore?
A company that is majority-owned or the composition of the board of directors (the authority to appoint or remove a majority of all directors) is being controlled by another company, which is known as a subsidiary. In this article, we will go into detail on how to set up a…
How To Change My Singapore Company Name
After choosing a name and incorporating your Singapore company, you and the shareholders may decide to change the Singapore company name for the following reasons: For the purpose of a rebranding exercise; or You simply wanted a new name that is more representative of what your…
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…
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 cannot do so. But there are circumstances that a director or shareholder may do so if there is compliance with certain rules, to ensure corporate governance…
Are You Liable For Company Debts As Director In Singapore?
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 company limited by shares. The Singapore courts are not willing to…
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…