A Shareholders’ Agreement is a formal agreement between the shareholders of a private limited company. Its purpose is to govern the relationship between shareholders and determine the rights and obligations of the shareholders. A shareholders’ agreement can minimize both the time frame and the costs involved in a potential dispute…Read More
Annual Compliance FAQs / Statutory Compliance Requirements
Who will be liable if I do not comply with Statutory Compliance?
Directors of the company are legally responsible and accountable for complying with the requirements of the Singapore Companies Act. Failure to comply with the statutory compliance requirements is an offence and may result in fines or prosecution.
Who is subjected to Singapore statutory compliance?
Both local and foreign companies registered in Singapore are subjected to statutory compliance in Singapore.
What is a Personalized Compliance Corporate Kit?
A Personalized Compliance Corporate Kit is issued by Accounting and Corporate Regulatory Authority (ACRA) after incorporation of a company. It includes: corporate seal share certificates register and meeting minutes book