Resources on the ongoing responsibilities of running a Singapore company, including annual filings, record keeping, and keeping your business compliant with ACRA.
What happens if I miss my Annual General Meeting (AGM) deadline?
Missing your AGM deadline may result in late filing penalties and compliance issues with ACRA. Continued non-compliance can lead to enforcement actions against directors.
Can I skip AGM if all shareholders agree?
Yes, private companies can dispense with holding an AGM if all shareholders pass a resolution. However, financial statements must still be prepared and circulated as required.
What happens if I don’t update ACRA about changes in shareholders or directors?
Failing to update ACRA on changes in company structure is a compliance breach and may result in penalties. Updates must be filed promptly to ensure records remain accurate.
Can I change my financial year-end after incorporation?
Yes, you can change your financial year-end, but it must comply with ACRA and IRAS rules. Changes may affect your filing deadlines and tax reporting timeline.
What happens if my company becomes inactive but not formally dormant?
If your company is inactive but not declared dormant, you must still meet full compliance requirements. This includes maintaining records and completing all statutory filings.
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Our team helps you stay on top of annual filings and regulatory requirements.