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This post is also available in: 简体中文 (Chinese (Simplified)) About Holding Annual Meetings When you hold an annual meeting, you are complying with the Companies Act of Singapore. This compliance requirement is issued by the Accounting and Corporate Regulatory Authority (ACRA). The shareholders and its directors are accountable if their company fails to hold an…
This post is also available in: 简体中文 (Chinese (Simplified)) About Annual General Meetings In Singapore, it is mandatory for a newly developed company to conduct their first AGM in the first 18 months of incorporation. This is to comply with the Company’s Act of Singapore. The subsequent AGM meetings must take place once in every…
This post is also available in: 简体中文 (Chinese (Simplified)) About the Risks and Benefits of Nominal Director Service All companies that are registered in Singapore should have at least 1 director who is a resident. This regulation is according to the Companies Act. If the person is a foreigner and incorporates a Singapore company but…
This post is also available in: 简体中文 (Chinese (Simplified)) About Penalties of Directors Global businesses are starting to centralize their functions in the financing department, wanting to improve their efficiency. They will do this by putting their finance and reporting functions in a shared service centre rather than replicating the whole functionality structure in each…
This post is also available in: 简体中文 (Chinese (Simplified)) About the Companies Act for Directors and CEOs The Companies Amendment Act was passed in October 2014, causing the Companies Act to have sweeping amendments. In fact, it contains the most changes since its introduction in 1967. The changes are to lessen the burden companies experience…
This post is also available in: 简体中文 (Chinese (Simplified)) About the Financial Reporting Duties It is important to have quality financial information to create strong and successful markets. The different sectors want reliable and timely financial reports to picture the business accurately. The reports they ask for could be for generating value or understanding what…
This post is also available in: 简体中文 (Chinese (Simplified)) About Removal of Directors According to what it says in the Companies Act, the removal of directors depends on the ordinary resolution of shareholders. The term “directors” in this context refers to the directors of the company. This happens when the company constitution does not have…
This post is also available in: 简体中文 (Chinese (Simplified)) Innovative Approach to Medical Cost & Technology – 3E Accounting Covid-19 has given new meaning to the axiom of “Health is Wealth”. One of the key pillars of the Singapore healthcare system would be Medishield Life. Medishield Life is a key clog in the machinery which…