What if Director not able to sign report

SCENARIO Company A have 2 director but 1 of the director lose contact . How to apply report to be sign by 1 director ? Companies Act Requirement Company with 2 appointed director, report must be signed by BOTH director unless is single director company So , how to comply ? Application for relief from

What is Important Clause inside Company Constitution

Company constitution or formerly known as Company Memorandum and Article of Association (MA) is the compulsory legal documents for all Singapore registered company . Company Constitution form binding agreement between Company and shareholder and among the shareholder themselves. You may draft your own copy or used ACRA model constitution . The following is the mandatory

TYPE OF BUSINESS VEHICLE

Keen to join Singapore Entrepreneurship ? here is the list of business vehicle option . OPTION 1 : PTE LTD According to the ACRA records, Pte Ltd is the top choice for public among others option . carry separate legal entity concept which means that it can stand alone and separate from its director and

What is SSIC code

WHAT IS SSIC CODE ? Singapore Standard Industrial Classification ( SSIC) code refer to type of principal activities for the company . And you are required to key in upto 2 major SSIC code for your company . WHY SSIC CODE IS IMPORTANT ? As a reference key for all agent to run their role

Disqualification of Director

WHAT IS DISQUALIFICATION Refer to person who is prohibited from acting as director and being involvement in the company management regardless directly or indirectly HOW WILL THE DISQUALIFIED DIRECTOR BEEN NOTIFIED ACRA will send notification letter with displayed of disqualified period ( starting date and ending date ) Disqualification by bankruptcy will notified by Official

What is par value of shares ?

WHAT IS PAR VALUE ? Par value also knows as Nominal Value APPLICABLE IN SINGAPORE ? NO, it been abolished since 2006 WHAT HAPPEN TO SINGAPORE REGISTERED COMPANY ? You are only required to declare 3 important figure as follow : Example : Number of issued share shown the ownership level in the Company Amount

What is the Effect of Company Incorporation

After successfully incorporation with ACRA , Company become legal business vehicle to join business landscape. What is the effect for being Company? SEPARATE LEGAL ENTITY CONCEPT Company carry concept of SEPARATE LEGAL ENTITY between company and its shareholder . Which means that Company is able to stand alone in the eyes of law . ABILITY

How to Verify Company in Singapore

There always a risk regardless where you business transaction conducting. And the most common is phantom company. So, is good that company take further step to check before enter into contract . Check Pte ltd company for FREE visit www.bizfile.gov.sg and type company name as follow : RESULT : Live company means that the company
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