All company owners in Singapore are advised to file any change of name or office address with the Accounting and Corporate Regulatory Authority (ACRA) immediately. Change in directors of the branch office/business owner of the sole proprietorship or partnership; Change in authorised representatives of the foreign business; Change of registered office address of the foreign business; Change in the type of legal form or legal entity of the branch office; Change in the name of the foreign business † If Malaysia, state whether the officer is a Malay, Chinese, Indian or others. On this page, you will find information on the following: Sole proprietorship. She provides day-to-day management for the organization and works with the Board of Directors to execute ACRA's strategic plan. If your company would like to effect a change of address, here is what you need to do. When you, as a director who wants to create and issue shares, to either for new or existing shareholders, this register has to be updated. In such an event of resignation, the Registrar of companies, ACRA, must be notified within … 3. These standards are to be used by company directors to avoid having legal action taken against their company. • Name (note: deed poll must be attached) * • Mobile number Whenever one of the owners, partners or directors of your business changes, it is important that you call us at 1-800-959-5525. If ACRA approves the proposed new company name, you will need to pass a special resolution to change the company name. Annual filings are mandatory for both active and dormant Singapore companies. Once this is obtained, the special resolution can be passed and filed with ACRA. While the provisions for the appointment of directors are clearly articulated in the Companies Act (Act), the provisions relating to the resignation of a company director is conspicuous by its absence. This application can only be filed by authorised officer(s) of the RFA. ACRA have right to replace his alternate address with his residential address. † If Malaysia, state whether the officer is a Malay, Chinese, Indian or others. All ACRA services remain available, Updating Information of Companies and Company Officers, Change in particulars of company officers, Change in company’s name, business activity, registered office address or company officers, Change in foreign company’s name and information, Change in particulars of authorised representative or director of a foreign company, Change in the Charter, Statute, Memorandum/Articles or other Instruments of Foreign Company, Change in Personal Particulars of Company Officers. Change in owner or director Change in owner or director If there are changes in business owners or authorised representatives, you will need to update Accounting and Corporate Regulatory Authority (ACRA) within 14 days of the change. To update these changes, visit www.bizfile.gov.sg > File eServices > Local Company > Make Changes > Change in Personal Particulars of Company Officers. There is no need to inform or update IRAS separately of … If the director is of the female gender insert "(f)" against her same. § Insert full name and any former name of the officer concerned. It must be an address where the officer can be contacted, and must be within the same jurisdiction as their … • Preparation and submission of the Annual Returns • Preparing and filing of documents (directors’ resolution, minutes of the general meeting ) and update of changes to ACRA Importance Of Informing ACRA / IRAS On Changes – Company Owners Must Know. The enhanced system, Bizfile+ , will launch on 3 Jan 2016. • Identification number *  Change in particulars of authorised representative or director of a foreign company Change in the Charter, Statute, Memorandum/Articles or other Instruments of Foreign Company You must update the information on BizFile + within 30 days if there are changes to your foreign company’s authorised representatives’ or directors’: a company cannot be appointed as a director); 2. IRAS will update its records based on the information filed with ACRA on a weekly basis as follows: At the meeting, the directors must obtain approval for the change in Company name from shareholders with at least 75 per cent of the voting rights. There is no need to inform or update IRAS separately of the change in name or address. An electronic report that provides information such as Unique Entity Number (UEN), business entity name, business activities, … Directors role responsibility_singapore_acra 1. It will also cover how much directors can be paid and the removal of directors. They will also help directors understand what duties will now be required of them to fulfill compliance requirements. Shareholder or to its officers; Change in particulars i.e. It cannot be a P.O. ACRA may waive the penalties for these directors, upon their successful completion of the training, and, subject to their filing all the necessary documents under the Companies Act within a revised deadline stipulated by ACRA. To initiate the process, the directors have to get the existing shareholders’ approval at a general meeting. There is no fee payable for notifying ACRA of these changes. A board resolution to approve appointment- either signed minutes of physical meeting or signed directors resolution in writing; ACRA filing for appointment of director 1. Board resolution: a vote by the directors of the company to appoint a new officer; Form 45B: a consent to act as a Secretary signed by the appointee; Inform ACRA: submit the new Secretary details; Who is responsible for the transition? Only then will the change in … Company officers can apply for an alternate address anytime for a fee of $40. • Nationality *  There is no need to inform or update IRAS separately of the change in name or address. The individual must not be an undischarged bankrupt, and he must not be subject to automatic disqualification. Company officers can apply for an alternate address anytime for a fee of $40. A step-by-step eGuide on how to navigate BizFile+ and change your company name is available here. Prepare and Pass a Special Resolution for the Change of Company Name. If the directors fail to appoint a new auditor, any member of the company may write to ACRA to apply for it to appoint a new auditor. If the incoming director is a local resident with singpass-Step1. • Land/fixed line number Change of owners, partners or directors. The alternate address will be displayed in public records instead of the residential address. This article will explain who can be a director, how are directors appointed, functions, powers and duties of directors. Before filing change of Registered Office address with ACRA: Before you file change of Registered Office address with ACRA you must have: A board resolution duly passed by the board of directors of the company. • Email-address  Disseminate timely reminders to the company and its directors to ensure that they are aware of the deadlines for annual returns and any other returns that should be filed with ACRA; Function as an intermediary between the Company and the relevant Authority for specific needs of the company. Authorised representatives and directors can apply for an alternate address to be reflected in place of the residential address in ACRA's public records and business information products. When you, as a director who wants to create and issue shares, to either for new or existing shareholders, this register has to be updated. The Accounting and Corporate Regulatory Authority (ACRA) has to be notified every time there is a change in the company structure, such as:. After confirming your company’s new address, you will need to file a “Change in Company Information (Change in Registered Office Address and Office Hours)” transaction with ACRA via the BizFile+ website. When a company has changed its name and/ or registered office address, the change is to be filed with the Accounting and Corporate Regulatory Authority (ACRA) online via www.bizfile.gov.sg. more than 50% of votes in favour of removal), provided that there is no contrary … Some ways a director is automatically disqualifiedincludes when he is: 1. ACRA recently published its latest set of accounting standards. Failing to regularly meet ACRA ongoing compliance requirements in a timely manner can have consequences. GST/HST. The company may move to another location for a variety of reasons. You must update ACRA in a timely manner if there are changes to your company’s information such as changes to company officers, authorised representatives and shareholders. After incorporation, any changes have to be filed in Bizfile +. Lodgement fees of S$40 payable to ACRA for each alternate address. There is no fee to file the above changes. box address. 3. Business Profile. After which, a directors… If ACRA approves the proposed new company name, you will need to pass a special resolution to change the company name. Approval letter from HDB if you … Please see Related eServices at the bottom of the page for the transaction links. This can be done online via ACRA Bizfile.. Please note that a filing fee of $15 is applicable. • Change of directors, company secretary, auditors and transfer of shares between shareholders, etc. Changes in the following information must be updated in Bizfile+ within 14 days from the date of change. A director may resign from the company for several reasons, including: ill health, disqualification, conflict with other directors or due to change in management or ownership of the company. It is important to keep in mind that any removal of director must be in accordance with the company’s constitution. Topics Change in company’s name, business activity, registered office address or company officers A Registered Filing Agent (RFA) must notify ACRA if there are changes to the particulars of the RFA such as its nature of business or a change in filing rights. You must update the information on BizFile+ within 30 days if there are changes to your foreign company’s authorised representatives’ or directors’: There is no fee to file the above changes. It must be an address where the officer can be contacted, and must be within the same jurisdiction as their residential address. In the case of a person appointed as an alternate to another director insert "alternate to (name of director) " against his name. ACRA Takes Company Director To… Accounting and Corporate Regulatory Authority (ACRA) Takes Company Director To Court For Breaches Of The Companies Act A company director was recently fined $10,000 by the State Courts for lodging false information under Section 401(2A)(b) of … passport number, nationality, residential address of the director (s) or shareholder (s); Change of financial year end; Change of registered office address, etc. The alternate address will be displayed in public records instead of the residential address. The board will first decide on the change in address; The board will need to pass a board resolution to indicate that the change in company address is agreed upon Whenever one of the owners, partners or directors of your business changes, it is important that you call us at 1-800-959-5525. Officers of a company include the following: passport number, nationality, residential address of the director(s) or shareholder(s); • Identification type *  After which, a directors… As announced on 5 Nov 2015, Bizfile will undergo system migration to transition to Bizfile+. Depending on the structure of your business, a change of owner could trigger a legal name change or require the registration of a … Has full legal capacity (A person lacks capacity if he is unable to make a decision because his mind or brain is impaired.) Partnership. A step-by-step eGuide on how to navigate BizFile+ and change your company name is available here. However, a penalty may be imposed for late filing. Highlights of ACRA New Filing Requirements for Companies effective 3 Jan 2016. Prepare and Pass a Special Resolution for the Change of Company Name. box address. 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