Company Director and shareholder Archives - Page 2 of 3

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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 .

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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

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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

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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

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Directors’ Fees vs Directors’ Salary

Posted on July 24, 2020
Posted in Company Director and shareholder

WHAT IS SALARY ? Salary refer to monthly amount of money given to Company employee based on his assigned job scope in the Company . WHAT IS DIRECTOR FEES ? Director fees is paid in recognized your capacity as Company Director . HOW TO DECIDE BETWEEN DIRECTOR FEES OR REMUNERATION ? Director salary and Director

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All Question About Paid Up Answered Here

Posted on June 23, 2020
Posted in Company Director and shareholder, Company Registration Guide

Paid up refer to the total amount investment in the Company in return for the Company shares . Related Article : what is Paid Up Capital Frequently Asked Questions (FAQ) How to Decide Amount of Paid Up ? If you apply for Visa Entrepreneur Pass , Company must have at least S$50,000 paid up. If

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What is Shareholder Agreement

Posted on May 13, 2020
Posted in Company Director and shareholder, Company Registration Guide

Following is the basic document you are required to sign before company registration : F45 ( consent to act as director ) Company Constitution Scenario : Aside from the above 2 documents, MR A been asked to sign shareholder agreement . Question : WHAT IS SHAREHOLDER AGREEMENT ? Shareholder Agreement is another internal documents with

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Allotment of Shares vs Shares Transfer

Posted on October 11, 2018
Posted in Company Director and shareholder

What is share? Share refer to degree of your ownership in the Company You may owned shares via the following method : Subscribers of shares Allotment of shares Transfer of shares Shares qualification ( applicable to Company’s director only) Subscribers of shares Refer to person who owned shares during incorporation stage. They also called as