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Accounting and Corporate Regulatory Authority

Company Director handed record fine for multiple Companies Act breaches

22 February 2019

Audience

Businesses

Corporate service providers (CSPs)

News Topic

Enforcement and penalties

Category

Press release

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

On 21 February 2019, a company director was fined a record $113,400 for 54 charges ($2,100 per charge) in the State Courts. On 14 November 2018, Tan Hang Song was found guilty of multiple offences under sections 175 and 197 of the Companies Act (CA) for being a company director who knowingly and wilfully permitted 9 companies to default in holding the annual general meeting (AGM), and in filing annual returns (AR).

Download the press release (opens in new tab)(PDF, 211KB) for more information.