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

Business Consultant Finder Theme By aThemeArt - Proudly powered by WordPress.