A smart move for business owners who plan to get involved in a deal is to perform a background check on their potential partners. Hiring the services of an investigator may be a good option, but an initial verification can be done if one knows how to check a [...]
It is not mandatory for a business owner to keep a company secretary especially if this person does not deliver satisfying work. The best option is to remove him/her and find a replacement. Although seemingly tedious because of possible disagreements with the secretary, the processes involved are quite simple. [...]
Some businesses choose corporate secretarial services to comply with the Company’s Act of Singapore. If you’ve recently started a business, you must appoint a secretary within six months of incorporation. If you fail to do this, you will have to bear the consequence of paying a heavy fine. Corporate [...]
Appointment of company secretary services means affiliation with a company that provides you secretarial services, such as solutions for corporate and legal matters. You pick a third-party company to provide you these services. Many companies favour outsourcing company secretary services. In this article we discuss the common reasons behind [...]
A company secretary is one of the main representatives of a company who has widespread responsibilities and tasks that he/she has to cater to in order for the company to be on the right track. Company secretaries have to know the company inside out, as they are required to [...]
The Companies (Amendment) Bill 2014 was passed by Parliament in October 2014. The amendments were effected in two phases, on 1 July 2015 (Phase 1) and 3 January 2016 (Phase 2). We have set out briefly below some of the key changes in Phase 2 that are especially relevant [...]
The Companies (Amendment) Act 2014 (the “CAA”) was enacted in 2014 to introduce wide-ranging changes to the Companies Act (the “CA”) intended to reduce regulatory burden on companies, provide greater business flexibility and improve the corporate governance landscape in Singapore. This article focuses on certain key legislative amendments of [...]
Greater business flexibility to the business environment, the Companies (Amendment) Act introduce the concept of a "small company for audit exemption” and replace the current ruling where a company is exempted from auditing its accounts annually only if it is an exempt private company and has an annual revenue [...]
With effect from 4 May 2009, Accounting and Corporate Regulatory Authority (“ACRA”) has launched the Limited Partnership (“LP”) as an additional vehicle to conduct business in Singapore. It is formed under the Limited Partnership Act. It is a partnership consisting of two or more persons, with at least one general [...]
