{"id":2759,"date":"2015-10-15T16:22:42","date_gmt":"2015-10-15T08:22:42","guid":{"rendered":"http:\/\/www.biztreemgmt.com\/wordpress\/?p=2759"},"modified":"2020-10-26T11:42:09","modified_gmt":"2020-10-26T03:42:09","slug":"director-compliance-programme-dcp","status":"publish","type":"post","link":"http:\/\/www.biztreemgmt.com\/wordpress\/director-compliance-programme-dcp\/","title":{"rendered":"Director Compliance Programme (DCP)"},"content":{"rendered":"<p>What you need to do being director for Singapore registered company ?<\/p>\n<p>Based on ACRA records, around 10,000 summons was issued annually to director who\u00a0failed to\u00a0comply with statutorily required under Companies Act such as fail to file Company&#8217;s annual return.<\/p>\n<p>To cure this phenomena, ACRA initial programme called\u00a0Director Compliance Programme (DCP)\u00a0with mission to build up more reliable and transparent business landscape.<\/p>\n<div style=\"padding: 2px; border: 1px solid black; background: #92d050; color: white;\"><b>WHAT IS DCP?<\/b><\/div>\n<p><a href=\"http:\/\/www.biztreemgmt.com\/download\/dcp_sample_letter.pdf\">DCP Sample Letter<\/a><\/p>\n<div style=\"padding: 2px; border: 1px solid black; background: #92d050; color: white;\"><b>What you need to do if received DCP letters ?<\/b><\/div>\n<p>As stated on the letter, attendance is compulsory\u00a0with a fee of \u00a0S$250 per person.<\/p>\n<p>The available seat for DCP is first come first served concept, so please visit regonline.com\/acra-dcp or call 6692 6076<\/p>\n<p>Director who comply the half day course\u00a0will given an extension of 60 days to file their annual return WITHOUT any late penalties amount.<\/p>\n<div style=\"padding: 2px; border: 1px solid black; background: #92d050; color: white;\"><b>What other option you have other than attend DCP?<\/b><\/div>\n<p><strong>Option 1<\/strong><\/p>\n<p style=\"text-align: left;\">Rush out the account and file annual return with penalties amount as shown on the following table. Higher composition fine maybe imposed ( ranging from S$300 to S$900 per breach) or court summon may be issue against the directors.<\/p>\n<p><a href=\"http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2015\/10\/penaties-table.jpg\"><img loading=\"lazy\" class=\"alignnone  wp-image-2774\" src=\"http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2015\/10\/penaties-table.jpg\" alt=\"penaties table\" width=\"471\" height=\"310\" srcset=\"http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2015\/10\/penaties-table.jpg 679w, http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2015\/10\/penaties-table-300x197.jpg 300w\" sizes=\"(max-width: 471px) 100vw, 471px\" \/><\/a><\/p>\n<p><strong>Option 2<\/strong><\/p>\n<p>If the company is dormant and no intention to carry on business, strike off is the better option.<\/p>\n<p>Please click <a href=\"https:\/\/itunes.apple.com\/sg\/app\/acra-on-the-go\/id430149539?mt=8\">here<\/a> to calculate the due date to held AGM<\/p>\n<p>Please click here for <a href=\"https:\/\/www.regonline.com\/builder\/site\/tab2.aspx?EventID=1588297#6\">FAQ <\/a>about DCP<\/p>\n<p>Please click here for <a href=\"http:\/\/www.straitstimes.com\/business\/companies-markets\/training-instead-of-prosecution-for-errant-company-directors\">Article<\/a> about DCP<\/p>\n<p>Please click here for <a href=\"http:\/\/www.straitstimes.com\/business\/companies-markets\/training-instead-of-prosecution-for-errant-company-directors\">Article<\/a> about DCP<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What you need to do being director for Singapore registered company ? Based on ACRA records, around 10,000 summons was issued annually to director who\u00a0failed to\u00a0comply with statutorily required under Companies Act such as fail to file Company&#8217;s annual return. To cure this phenomena, ACRA initial programme called\u00a0Director Compliance Programme (DCP)\u00a0with mission to build up<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[165],"tags":[104,105],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>company registration , company registration singapore - Biztree Management %<\/title>\n<meta name=\"description\" content=\"Get started on your business registration with biztree management , Singapore\u2019s leading one-stop corporate service provider and ACRA appointed filing agent . 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