Singapore Company Secretarial Timeline
First Board Meeting
Director’s Declaration of Compliance (Form 45)
Appointment of Company Secretary and Auditor
Opening of Bank Account
Notification of Company Secretary and Auditor to ACRA
Filing of Annual Return (Form 20AC) with ACRA
Preparation and Filing of Annual Financial Statements
Preparation and Filing of Directors’ Reports
Filing of Annual Return (Form 20AC) with ACRA
Preparation and Filing of Financial Statements
Filing of Tax Returns and Payment of Taxes
Changes to the Company’s Constitution
New Director or Secretary Appointment or Cessation
New Shareholder or Share Allotment
Withdrawal of Share Capital or Reduction of Share Capital
The Singapore company secretarial timeline is a critical aspect of maintaining compliance with the Accounting and Corporate Regulatory Authority (ACRA) and the Singapore Companies Act. With the numerous deadlines and requirements, it is essential that companies and their secretarial teams stay on top of these milestones to avoid late filing penalties and other administrative issues. By understanding and adhering to the Singapore company secretarial timeline, companies can ensure compliance with regulatory requirements and maintain their good standing with ACRA.
FAQs
Q: What is the deadline for filing the Annual Return with ACRA?
A: The Annual Return must be filed within 30 days after the anniversary of the company’s incorporation.
Q: What are the consequences of late filing with ACRA?
A: Late filing with ACRA may result in penalties and fines. In severe cases, failure to comply with filing deadlines may lead to the suspension or striking off of a company.
Q: Who is responsible for ensuring compliance with company secretarial requirements?
A: The company secretary is responsible for ensuring compliance with company secretarial requirements, including maintaining accurate records, filing regulatory documents, and ensuring statutory compliance.
Q: What are the statutory requirements for maintaining a Singapore company?
A: The statutory requirements for maintaining a Singapore company include filing annual returns with ACRA, preparing and filing financial statements, filing tax returns, and complying with other regulatory requirements outlined in the Singapore Companies Act.
Q: Can I file a late Annual Return with ACRA?
A: Yes, you can file a late Annual Return with ACRA. However, late filing will incur penalties and fines, and may also result in the suspension or striking off of a company.
Q: Are there any exceptions to filing requirements with ACRA?
A: Yes, there are some exceptions to filing requirements with ACRA, such as for companies that are no longer trading or have undergone a change in ownership structure. It is essential to consult with a qualified corporate services provider to determine specific filing requirements for your company.
