ACRA Simplifies AGM and Annual Returns Timeline
ACRA – The Accounting and Corporate Regulatory Authority (ACRA) of Singapore – has made changes to the statutory requirements for Annual General Meetings (AGM) and the filing of Annual Returns (AR). The changes were designed to reduce the burden of compliance and improve the ease, efficiency and clarity of the regulatory process.
ACRA has made the following changes to their requirements:
- The timelines for holding AGM and filing ARs has been simplified, and is now aligned with the Financial Year End (FYE).
- Safeguards have been introduced for private companies exempted from AGMs.
- The process of filing ARs has been simplified for solvent Exempt Private Companies (EPC) and Dormant Companies.
The changes took effect from 31 August 2018. Read ACRA’s changes to the statutory requirements in full here.
