ACRA grants extensions for AGMs and AR filings during Covid-19

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With the ongoing Covid-19 situation, companies in Singapore may have been affected in different ways such as holding their Annual General Meetings (AGMs) and even filling their Annual Returns (ARs). 

To help businesses through this period, the Accounting and Corporate Regulatory Authority (ACRA) has implemented support measures such as extension of deadline for holding AGMs and filing their ARs.

AGMs due during the period of 16 April to 31 July 2020

Listed and non-listed companies who are suppose to have their AGM during the period stated above, will now get a 60-day extension of time. If you have previously been granted to hold your AGMs within this period will also get an additional 60 days of extension from the last date of extension. 

 

The AR filing due dates between 1 May 2020 to 31 August 2020 will also be extended by 60 days. Do take note that you would not need to apply for the extension time through ACRA. You will automatically be given the extension.

AGMs due during the period of 1 April to 15 April 2020

ACRA will not impose any penalties if listed or non-listed companies were supposed to have their AGM during the period stated above if they make sure to hold their AGM within 60 days of the due date. AR filing due dates will also be extended by 60 days. 

 

Do take note that you would not need to apply for the extension time through ACRA. You will automatically be given the extension.

 

Original due date or extended due date granted for AGM

New AGM due date

New AR due date

16 April to 30 April 2020

15 June to 29 June 2020

15 July to 30 July 2020

1 May to 31 May 2020

30 June to 30 July 2020

31 July to 29 Aug 2020

1 June to 30 June 2020

31 July to 29 August 2020

30 August to 29 September 2020

1 July to 31 July 2020

30 August to 29 September 2020

30 September to 30 October 2020

ACRA will closely monitor the situation and consider if there would be a need to grant extensions for companies who have their AGM due dates after July 2020.

Next steps

If there are any new measures added, all updates can be found here. If you need help with filing your Annual Returns or need more information regarding holding an AGM, feel free to contact us!

 

 

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