Can agreed paid up amount NOT deposit into company account ?

Client situation To tender a project, especially one related to social responsibility such as a playground or hawker centre, your company’s financial status must be strong and it can significantly enhance your bid. Mr. Ravi’s company needed to increase its share capital to $1 million, requiring an additional $500,000 in new paid-up capital. To secure

Shareholder vs member

The terms shareholders and members are commonly used as synonyms. By received copy of share certificate DOES NOT means that you are officially knowns as member of the Company. Definition of Shareholder : Shareholder refer to someone who own company share . However shareholder does not means is the member of the company . Definition

How shareholder getting return from Company

Company is running by appointed company director. And shareholder is the one who willing to invest fund to have the company operate. Director is getting remuneration for their services, how about shareholder ? How they getting return from their investment fund? How company distribute return to its shareholder? A) Dividend Payment Dividend is the accumulated

Resignation Director vs Removal of Director

Resignation director is a process where director is sending their intention to leave the board. Reason can be any of the following : health issue better opportunities retirement How to proceed ? As long as company received notice of resignation then resolution to approve his resignation will be prepared. Resignation of director will take effect

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

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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