How director making decision

Director is the one who engaged to run the company, how should director make decision in comply with company act especially if there is more than 1 director on board ? Type of decision : change bank signing mandate change registered address getting loan from Bank change company objective change supplier How to make decision
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Important date for Pte Ltd Company

What is the date you need to remember or is important for compliance purpose ? DATE OF INCORPORATION (DOI) Is important because based on date of incorporation you can decide financial year end . Example : DOI is 23 June 2022 12 months later will be 30 May 2023 which will be your 1st financial
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Is director consider self employed

. Every Pte ltd have list of appointed officer ( director, company secretary , auditor ) and each of them holding different responsible role towards company . List of officer is engaged under Company name and in return company paying salary/ services fees for their services . Question : Is director consider self employed ?
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Debarment of Director

WHAT IS DEBARMENT OF DIRECTOR ? ACRA will debar the director to take any NEW appointment from the debarment date REASON OF DEBARMENT FAILED to file the relevant documents at least 3 months after the prescribed deadline DEBARMENT PROCESS ACRA will send notice to the relevant director and director is given chance to defence himself
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Is director responsible for company debt

If you are engaged as company director services , you must wondering ” Will i liable for the company liabilities / debt ?” You may argue that Pte Ltd is carry separate legal entity concept, so i free from all the company’s liabilities. But there is always exemption scenario : When the director acting as
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Pte Ltd vs Sole Proprietorship

Popularity of Pte Ltd is always ahead of sole proprietor . Why ? TAX RATE ON COMPANY VS PERSONAL Company will be tax at a flat rate of 17% of its chargeable income. Click here for basic guide in Corporate tax Whereas all profit from sole proprietor will be tax on personal level. The higher
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How to decide number of company share

How many shares should a newly registered company issue? Is common question for all business owner . Number of share represent total fund you willing to invest into Company . With effect from 2006, Companies Act had abolished par value of the share , which means that value of shares is varied and is decided
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