A Politically Exposed Person (PEP) is someone who has been entrusted with a prominent public function. Due to the position that a PEP is in, there is a higher risk for that particular individual to be involved in corruption or bribery. This term is usually used in the financial services industry and its accompanying industries. [...]
A director of a company is an appointed or elected person of the company who, along with the other directors, if any, are responsible for the implementation and direction of company policy. In essence, it is usually the shareholders who appoint the directors of the company and directors act as agents of the company. It is [...]
The Register of Members is a record of all shareholders or members of a company. This may also be called the Register of Shareholders for companies that issue shares. In the register, the following information about the members of the company need to be maintained: Name of members Address of members Date of becoming a [...]
Hi everyone, The end of the year is upon us and that means tax filing season is here. Please note that the deadline for e-filing of corporate taxes is on the 15th of December 2019. Here is a Company Essentials Workshop for all officers and shareholders of companies. It is open to all company directors [...]
Traditionally, company seals are used by companies to execute deeds. Instances, whereby a company seal may be used, are when purchasing a property or issuing a share certificate. However, with effect from the 31st of March 2017, it is no longer necessary for a company to execute such documents with a company seal. Section [...]
A company director was hit with a record SGD$113,400 fine for multiple breaches of the Companies Act. They include failing to hold annual general meetings (AGMs) and failing to file annual returns (ARs). According to the Accounting and Corporate Regulatory Authority (ACRA), Tan Hang Song was fined SGD$113,400. The fine was nearly double the previous [...]
Estimated Chargeable Filing (ECI) is a compulsory filing requirement for companies unless the company qualifies for a waiver. There are advantages for companies that file their ECI earlier and within the qualifying period as they may opt to pay corporate taxes by instalments. The benefits for filing ECI early are: 1) Instant acknowledgement upon successful [...]
Tell us a little bit about your company Nimbus Design is a branding and design company, both online and offline. We also provide marketing. Our team has experience working in Singapore and USA. Since our founding in 1999, we have established ourselves in F&B, retail, and heavy industry. Tell us a little bit [...]
Tell us a little bit about your company. Wholesome Eats by Cookit was set up to help families and individuals restore the body to optimal health by adopting a whole natural diet. We strive to make food that is unprocessed, sugar-free, gluten-free and lactose-free easily available to everyone. Our kitchen is at 115 East Coast [...]
Tell us a little bit about your company. Kevin: We build and maintain cryptocurrency mining rigs. The mining rigs that we assemble mainly mine Ethereum. We also help clients build mining farms. We source for the location, handle the electrical set up and operations of the mining farm. Mark: We also run courses teaching participants [...]
