Filing Method for Dormant Company
WHAT IS DORMANT COMPANY ?
ACRA exempts Dormant companies from preparing financial statements and holding physical AGMs.
Company is consider Dormant if it had NO accounting transactions within a given accounting period excluding the following
- Appoint a company secretary
- Maintain a registered office, registers, and books
- Pay fines, penalties, or fees to ACRA
FILING METHOD FOR DORMANT COMPANY ?
To reduce administrative burden in compliance, ACRA had initial SIMPLIFIED ANNUAL RETURN for Dormant company .
WHAT IS SIMPLIFIED ANNUAL RETURN ?
Simplified Annual Return is ACRA ‘s new implementation with the intention to ease the administration task.
ACRA will pre-fill most of the information in the AR form, company officer only need to click on button Confirm to proceed.
HOW TO FILE SIMPLIFIED ANNUAL RETURN ?
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