WHAT IS AUDIT EXEMPTION

CHANGE IN AUDIT EXEMPTION GREAT NEWS for all Singapore registered Company, Audit exemption criteria will enhance to Company with turnover S$10 million . This reform will benefit approximately 25,000 companies in term of their operation cost , auditing fees. The first phase of reform will take effect with financial year start from 1 July 2015

WHAT IS PREFERENCE SHARES

All the Singapore Company can increase their capital via issue of Ordinary Shares or Preference Shares. Ordinary Shares is the most common choice, if you held 1% of the Ordinary Share it means that you will have 1% of Company’s revenue .However this may be different from Preference Share which treated more like a loan
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