CATEGORY: NEWS AND ANNOUNCEMENTS, ACRACONNECT


www.acra.gov.sg

New ACRA website to better serve our customers

The ACRA website has undergone a major makeover with a more intuitive user interface and improved web content so that it is easier to read and navigate. Check out our new website today!
Record fine for director for multiple Companies Act breaches

A company director was fined a record $113,400 for 54 charges by the State Courts on 21 Feb 2019. He was found guilty of knowingly and wilfully permitting 9 companies to default in holding the annual general meeting (AGM), and in filing annual returns (AR). The director was also disqualified from acting as a director of companies for a period of 5 years.
Have you signed up for ACRA’s free training programme for directors?

More than 2,500 participants have signed up for the Directors Training Programme since it was launched last year. The free 2 hour online training programme helps new and aspiring directors understand their statutory duties under the Companies Act and other relevant regulatory requirements, such as filing corporate income tax returns, ensuring workplace safety, and paying CPF contributions.

Sign up for the course today!
Improving the ease of starting a business - Removal of Common Seal

Since 31 Mar 2017, Companies and Limited Liability Partnerships (LLPs) are no longer required to use common seals for execution of documents such as deeds and for certain document including share certificates, and can now do this through signature by authorised persons. The move to abolish the common seal has helped reduce the administrative burden and improve the ease of starting a business. Singapore now ranks second in the 2019 World Bank ranking for ease of doing business.
ACRA's e-Newsletter for professional stakeholders

This e-newsletter is intended for general information only and should not be treated as a substitute for specific professional advice for any particular situation. While we endeavour to ensure the contents are correct to the best of our knowledge and belief at the time of writing, we do not warrant their accuracy or completeness nor accept any responsibility for any loss or damage arising from any reliance on them.

Copyright © 2019 Accounting and Corporate Regulatory Authority. All Rights Reserved.


2019/04/25
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