(Section 205B/205C) Every company shall appoint an auditor within 3 months from the date of its incorporation, unless it is exempted from audit requirements.
(Section 171 under the Companies Act) Every company must appoint a Company Secretary within 6 months from the date of incorporation.
(Section 175 under the Companies Act) The Directors of a newly incorporated company must hold its first Annual General Meeting within 18 months from date of incorporation.
(Section 201 under the Companies Act) Accounts presented at the AGM shall be made up to a date not more than 6 months before the AGM.
(Section 197 under the Companies Act) The Directors of the company are to ensure Annual Returns must be filed with the Registrar within 1 month after AGM
Inactive/Dormant Companies are still required to submit the Annual Return filing. Director who breaches his statutory duties under the Companies Act commits an offence and may suffer a penalty of up to S$700 per director
Penalties for other Late Lodgments of up to S$350
MINISTRY OF MANPOWER
Amendments to the Employment Act
(posted 1 April 2016)
From 1 April 2016, all employers will be required to issue itemised payslips and key employment terms (KETs) to employees covered under the Employment Act. There will also be a new framework to treat less severe breaches of the Employment Act Read more...