Company Director and shareholder Archives

By -admin

Can i be nominee director for more than 1 company

Posted on February 26, 2024
Posted in Company Director and shareholder

The answer is YES for before and NOT SURE for future . With recent number of money laundering case, all involved with nominee director services, and this rise the consent that business vehicle been used as money laundering tools. Jail for 2 nominee directors whose shell companies laundered almost $20m in scam profits Grab driver

By -admin

Shareholder vs member

Posted on February 26, 2024
Posted in Company Director and shareholder

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

By -admin

How to confirm that i am Company Member

Posted on January 11, 2024
Posted in Company Director and shareholder, Company Registration Guide

asddf If you think you received share certificate means that you are the company’s member ? Then you are wrong . Do you know that person only recognized as company member after his name entered into Statutory register member ? What is Statutory Register member? Is one of the statuorty book required to keep by

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 .