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| Home > Trade & Business Info > Business / Policy Updates |
New Measures to Encourage Prompt Holdings of Annual General Meeting (AGM),
Tabling of Current Financial Statements and Timely Filling of Annual Returns
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The Accounting and Corporate Regulatory (ACRA), regulator of companies and custodian of the corporate registers, is pleased to announce three initiatives which will be launched shortly to further strengthen Singapore’s regulatory regime.
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The three initiatives are:
(1) "Colour-coded Compliance Rating" and "Certificate of Compliance" to reward locally incorporated companies with good practices by publicly acknowledging their promptness through the directory search and the issuance of a Certificate of Compliance;
(2) Issuance of "End of Financial Year Reminder" to provide an earlier alert to companies of the requirement to table up-to-date financial statements and to hold AGM timely with our new End of Financial Year (FY) Reminder, and
(3) "Shortening of the Extension of Time" which will reduce the maximum allowable period for extension of time to hold AGM from 3 months to 2 months.
Please click
on the following link for more details on each of the initiatives:
If you have any enquiries or feedback, please visit ACRA's interactive web serviceand select the category "Compliance". Alternatively, you may contact ACRA Helpdesk at Tel: 6248 6028.
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