Company Director and shareholder Archives

By -admin

How shareholder getting return from Company

Posted on September 11, 2023
Posted in Company Director and shareholder

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

By -admin

Is Director consider Company Employee

Posted on July 4, 2023
Posted in Company Director and shareholder, Company Registration Guide

There is 2 important role in every Pte Ltd : director and shareholder Shareholder is consider as company investor. They agreed to invest certain amount of fund in return for share. Their main objective is hoping good return from their investment. Whereas director is the one who run the dairy operation of the company which

By -admin

Resignation Director vs Removal of Director

Posted on April 12, 2023
Posted in Company Director and shareholder

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

By -admin

Can director hold directorship for different company

Posted on March 3, 2023
Posted in Company Director and shareholder, Company Registration Guide

Yes, Companies Act allowed director to hold position for more than 1 company as long as there is NO conflict of interest between the relevant companies. Relevant director must remember that all director owned fiduciary director to each Company. Failure to do so may caused court case. Sample case : Hyflux However there is DIFFERENT

By -admin

How director making decision

Posted on August 23, 2022
Posted in Company Director and shareholder

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

By -admin

Is director consider self employed

Posted on June 13, 2022
Posted in Company Director and shareholder

. 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 ?

By -admin

Non resident Director who received director fees

Posted on May 17, 2022
Posted in Company Director and shareholder

Who is consider as Non resident director ? Non resident director refer to someone who do NOT have legal visa to stay long in Singapore . or who stay in Singapore LESS THAN 183 days Is Employment Pass holder consider as Non resident director ? No, because they have valid working visa in Singapore .

By -admin

Debarment of Director

Posted on April 21, 2022
Posted in Company Director and shareholder, Company's Compliance matters

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

By -admin

Is director responsible for company debt

Posted on March 16, 2022
Posted in Company Director and shareholder

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

By -admin

Disqualification of Director

Posted on February 22, 2021
Posted in Company Director and shareholder

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