Stay Compliant: Understanding the Filing Deadlines for Singapore Company Secretarial Information
As a company secretary in Singapore, it is essential to stay on top of the various filing deadlines for company secretarial information. With the increasing complexity of regulations and compliance requirements, it is easy to get overwhelmed. In this article, we will break down the key filing deadlines for company secretarial information in Singapore, helping you stay compliant and avoid penalties.
Annual Filing Filing Deadlines
- Annual Returns (AR): Companies in Singapore are required to file their annual returns within 28 days from the anniversary of the company’s incorporation date. The AR is a summary of the company’s financial and non-financial information.
- Financial Statements: Companies must file their financial statements, including the balance sheet, profit and loss account, and cash flow statement, within 6 months from the anniversary of the company’s financial year-end.
- Auditors’ Report: Auditors’ reports must be filed within 6 months from the anniversary of the company’s financial year-end.
Other Filing Deadlines
- Business Registration Renewal: Businesses registered under the Business Registration Act must renew their registration within 3 months from the anniversary of the registration date.
- Registry of Companies (ROCS) Filing: Companies must file certain information with the ROCS, including changes to the company’s share capital, directors, and shareholders, within 14 days of the change.
- Special Resolution: Companies must file special resolutions, such as changes to the company’s constitution, within 14 days of the resolution.
Penalties for Non-Compliance
Failure to file the required documents on time can result in penalties and fines. The penalties for non-compliance are as follows:
- Late filing of AR: SGD 2,000 to SGD 5,000
- Late filing of financial statements: SGD 2,000 to SGD 5,000
- Late filing of auditors’ report: SGD 2,000 to SGD 5,000
- Failure to file special resolution: SGD 2,000 to SGD 5,000
Staying Compliant
To avoid penalties and ensure compliance, it is essential to:
- Keep accurate and up-to-date records
- File documents on time
- Review and update company information regularly
- Engage a professional to assist with filing and compliance
Conclusion
In conclusion, staying compliant with company secretarial information filing deadlines is crucial in Singapore. With the various filing deadlines and penalties for non-compliance, it is essential to prioritize compliance and avoid any potential issues. By understanding the filing deadlines and staying on top of your company’s information, you can ensure that your company remains compliant and avoid any potential penalties.
FAQs
Q: What is the deadline for filing the Annual Return (AR) in Singapore?
A: The deadline for filing the AR is within 28 days from the anniversary of the company’s incorporation date.
Q: What is the deadline for filing financial statements in Singapore?
A: The deadline for filing financial statements is within 6 months from the anniversary of the company’s financial year-end.
Q: What is the penalty for late filing of financial statements in Singapore?
A: The penalty for late filing of financial statements is SGD 2,000 to SGD 5,000.
Q: How often should I review and update my company’s information?
A: It is recommended to review and update company information regularly, at least once a year, to ensure accuracy and compliance.
Q: Can I engage a professional to assist with filing and compliance?
A: Yes, it is recommended to engage a professional, such as a company secretary or accountant, to assist with filing and compliance to ensure accuracy and compliance.
