1. The new Corporate Service Providers (CSP) Bill and the Companies and Limited Liability Partnerships (Miscellaneous Amendments) (CLLPMA) Bill were passed by Parliament on 2 July. 2. This new was introduced to better guard against the misuse of business entities and uphold Singapore’s reputation as a trusted place for business. 3. The key changes to… Continue reading New Corporate Service Providers (CSP) Bill Passed in July
1. The State Court has fined Li Baozhu, the sole director of Corp Nergy Pte Ltd, for failing to exercise reasonable diligence in the discharge of her duties under the Companies Act. Earlier on 11 October 2023, ACRA had cancelled Li’s registration as a Registered Qualified Individual and Corp Nergy’s registration as a Registered Filing… Continue reading Director of Corporate Service Provider Firm Fined for Misuse of Identity in the Appointment of Company Director
1. ACRA has the power to impose sanctions against Registered Filing Agents and Registered Qualified Individuals who are found to be in breach of the Terms and Conditions of registration laid out in the ACRA (Filing Agents and Qualified Individuals) Regulations 2015. 2. The sanctions include cancellation, suspension, restriction on the RFA’s use of BizFile+,… Continue reading Suspension and Cancellation of Registration of ACRA Filing Agents or Qualified Individuals
The Accounting and Corporate Regulatory Authority (ACRA) had cancelled the registrations of a Filing Agent (RFA) and Qualified Individual (RQI) on 18 January 2024. The registrations were cancelled in view of breaches of Anti-Money Laundering and Countering The Financing Of Terrorism (AML/CFT) Controls under the ACRA (Filing Agents And Qualified Individuals) Regulations 2015 (The “ACRARegulations”). … Continue reading ACRA Cancels Registration of Filing Agent for AML/CFT Breaches
FAQs Related to Company Secretarial What are the costs of appointing a company secretary in Singapore? Basic company secretarial services in Singapore may start at around SGD 500-1,000 annually, but the actual cost depends on several factors. Is it mandatory to appoint a company secretary in Singapore? Yes, it is mandatory for every company in… Continue reading 21 Major Determinants Of Company Secretarial Costs in Singapore
The role of a company secretary has transformed significantly. Traditionally seen as an administrative function primarily responsible for handling paperwork and ensuring compliance with statutory requirements, the modern company secretary now plays a pivotal role in shaping a company’s strategic direction and overall success. Here, we have shared some of the useful contributions of a… Continue reading Company Secretary in Singapore: Conventional & Modern Contribution
Incorporating a startup is an exciting milestone for entrepreneurs embarking on their business journey. However, the process of incorporating involves several legal and secretarial considerations that need careful attention. A company secretary plays a crucial role in ensuring compliance and facilitating a smooth incorporation process. In this blog post, we will discuss the legal… Continue reading Role Of A Company Secretary For Your Startup
In this blog post, we have shared some company secretarial information like rules, regulations, and tips, etc. Mistakes to avoid while managing company secretarial matters Why should you outsource company secretarial matters? Changes to company secretarial regulations in Singapore Compliance requirements for companies in Singapore How to choose the right corporate secretary in Singapore… Continue reading Corporate Secretarial Useful Guide For Small Businesses in Singapore
In recent years, the corporate secretarial services industry in Singapore has experienced significant growth. As the Singaporean business landscape continues to evolve, it’s important to look at the trends and predictions that are shaping the future of corporate secretarial services in Singapore. The Role of a Corporate Secretary in Singapore It is… Continue reading Corporate Secretarial Services in Singapore: Trends & Predictions
A company secretary is a key officer of a company who is responsible for ensuring that the company is in compliance with legal and regulatory requirements. In Singapore, a company secretary is required by law for every company, regardless of its size or nature of business. The primary role of a company secretary is to… Continue reading Legal Requirements for Corporate Secretaries in Singapore
