AGM : Must i attach report to ACRA ?
The following is 2 basic guideline you need to refer in comply filing annual return with ACRA . So is important to ascertain where your company belong to :
- Type of Company
- Financial Status
What is the different between Insolvent and Solvent Company
- Company is INSOLVENT refer to the company unable to meet its debts when they are due. And its balance sheet will shown net liabilities position . ( Liabilities More than Asset)
- Company is SOLVENT refer to company is in net asset position ( Asset more than Liabilities ) And is only required to make online DECLARATION about their solvency