UPDATE: REGISTER OF REGISTRABLE CONTROLLER (RORC) TRANSACTION IN BIZFILE+ TO RESUME IN FEBRUARY 2021
1. With effect from 30 Jul 2020, companies and limited liability partnerships (LLPs) are required to lodge RORC information with ACRA via BizFile+ portal, in addition to maintaining their own RORC.
2. The RORC filing transaction in BizFile+ was suspended in Sep 2020, and will remain suspended until Jan 2021. The transaction is scheduled to resume in Feb 2021. Companies and LLPs will be given up to 30 Jun 2021 to lodge the RORC information with ACRA.
3. ACRA will provide more details on the RORC transaction in Jan 2021
Directors to Comply with Singapore Companies Act
posted 14 July 2016
(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
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...