Compliance Checklist
Stay Compliant with ACRA and Government Requirements
Compliance is crucial to avoid penalties and maintain good standing. Our team ensures you never miss a statutory deadline.
1. Annual Filing Requirements
Every company must file:
- Annual Return (AR) to ACRA within 7 months of the financial year end
- Corporate Tax Return to IRAS by 30 November each year
What's Included in the Annual Return?
The Annual Return contains essential company information:
- Financial statements or solvency statement
- Details of directors, secretaries, and auditors
- Shareholder information and share capital
- Registered office address
Penalties for Late Filing
Late filing can result in:
- Financial penalties starting from S$300
- Director disqualification
- Company striking off
- Prosecution for repeated offenses
2. AGM Guidelines
You must hold an Annual General Meeting (AGM) within 6 months of your financial year end unless exempted. We help prepare director statements, financial reports, and shareholder resolutions.
AGM Requirements
Provide at least 14 days’ notice to all shareholders
Present audited financial statements (if applicable)
Approve directors’ fees and dividends
Re-elect directors if required
Appoint or re-appoint auditors
AGM Exemptions
Your company may be exempt from holding an AGM if:
- Financial statements are sent to all shareholders within 5 months of year-end
- All shareholders agree to dispense with AGM
- The company qualifies as a small company
How Halynce Helps with AGMs
3. Statutory Registers
We maintain and update:
- Register of members: Details of all shareholders
- Register of directors, secretaries, and auditors: Officer information
- Register of significant controllers: Individuals with significant control or ownership
Register of Controllers (RORC)
Since 2017, all Singapore companies must maintain a Register of Registrable Controllers identifying individuals with significant ownership or control (over 25% shares or voting rights).
Penalties for non-compliance include fines up to S$5,000 and possible imprisonment.
4. Director Duties
Directors are responsible for the company’s statutory compliance. We provide guidance on fiduciary duties, disclosure requirements, and conflict-of-interest management to protect both you and your company.
Key Director Responsibilities
Act in good faith: Always act in the company’s best interests
Exercise care and diligence: Make informed decisions
Avoid conflicts of interest: Disclose personal interests
Maintain proper records: Ensure accurate accounting and documentation
Ensure compliance: Meet all statutory obligations on time
Director Disclosure Requirements
Directors must disclose:
- Any interest in company transactions
- Directorships in other companies
- Share transactions and holdings
- Loans from or to the company
Changes to Company Particulars
You must notify ACRA within specified timeframes for changes to:
Directors/Secretaries: Within 14 days
Registered Address: Within 14 days
Company Name: Apply for approval first
Constitution: Within 14 days of special resolution
Share Capital: Within 14 days of allotment/transfer
Company Secretary Requirements
Every Singapore company must appoint a qualified company secretary within 6 months of incorporation.
Company Secretary Duties
Ensure compliance with Companies Act
Maintain statutory registers and records
File annual returns and other documents with ACRA
Organize AGMs and board meetings
Advise directors on compliance matters
Dormant Company Filing
If your company is dormant (no accounting transactions), you can file a simplified Annual Return stating the company's dormant status. However, all other compliance requirements still apply.
Important Compliance Dates
| Requirement | Deadline |
|---|---|
| AGM | Within 6 months of FYE |
| Annual Return | Within 7 months of FYE |
| ECI Filing | Within 3 months of FYE |
| Form C-S/C | By 30 November annually |
| Change in Officers | Within 14 days |
| Change in Address | Within 14 days |
Consequences of Non-Compliance
Failure to comply with statutory requirements can result in:
⚠️ Financial penalties ranging from S$300 to S$5,000+
⚠️ Director disqualification for up to 5 years
⚠️ Company striking off and dissolution
⚠️ Criminal prosecution for serious breaches
⚠️ Difficulty securing business financing
⚠️ Damaged reputation and credibility
Our Compliance Management Service
Halynce offers comprehensive compliance management:
Your trusted partner for Singapore business incorporation and corporate services.
UEN: 202521892M
ACRA Registered Agent
FA20250264
60 Paya Lebar Road
#06-28 Paya Lebar Square
Singapore 409051
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Information on this website is general guidance. Government fees are billed separately.