A director of a company has to comply with a number of statutory obligations under the Companies Act. Some of these key obligations include:
Annual General Meeting
Companies, unless exempted, are required to hold an Annual General Meeting (AGM). For more information on AGM, please click here.
All companies must file their annual return within 7 months after the closing of the financial year end. For more details on filing annual return, please click here.
Register of Registrable Controllers
With effect from 31 March 2017, companies, foreign companies and LLPs (unless exempted) are required to maintain beneficial ownership information in the form of a register of registrable controllers, and to make the information available to public agencies upon request.
For more information on beneficial ownership, click here.
Electronic Register of Members
All companies must maintain with ACRA an electronic Register of Members, which is a listing of all shareholders. This information is updated whenever a company files a registration of share ownership or changes in share ownership. All companies’ electronic Registers of Members are available for purchase by members of the public through our iShop@ACRA.
Electronic Registers of Directors, Secretaries, Auditors and CEOs
Similarly, companies must maintain electronic registers of directors, secretaries, auditors and CEOs with ACRA. Companies are required to update ACRA within 14 days after changes in appointments.
Changes in Company Information
Companies are required to update ACRA within 14 days of any changes to the company’s name, address and business activity.
Changes in Personal Particulars of Company Officers and Shareholders
Companies are required to update ACRA within 14 days of any changes to the personal particulars of company officers and shareholders.