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It's yearly statement which gives essential information about a firm's composition, activities, and financial position.
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65-90103503, + 65-93535490 ASC Singapore What is Annual Filing? Learn About Annual Filing Requirements: Filing of documents to ACRA on an annual basis. The documents show the balance sheet of profit and loss account prepared in accordance with Singapore Financial Reporting Standards. The annual filing return contains key information about the company such as: Company Name and Registration Number Principal activities of the company Registered Office Address Details of company officers (directors, secretary) Shareholder details, share capital, etc
65-90103503, + 65-93535490 Who is Responsible for Annual Filing? • It is the duty of the Company Secretary to ensure that the company complies with the filing of various statutory reports. • The directors of the company have a responsibility to ensure that the financial statements of the company are well prepared and compliance with accounting standards.
65-90103503, + 65-93535490 Consequences in Case of Non-Compliance: The Companies Act in Singapore and ACRA custom fees and penalties if a company does not hold its AGM in a timely manner, does not submit the Annual Return and financial statements within the restricted deadline and AGM are not up-to-date. Conclusion: Every Singapore incorporated company must ensure the timely submission of returns and forms with ACRA and IRAS. A recognized company incorporation firm in Singapore ensure that the compliance requirements of a company are met and its business is protected from any legal problems.
65-90103503, + 65-93535490 Singapore Office Location ASC Singapore 1 North Bridge Road #10-09 High Street Centre, Singapore-179094 Phone No: +65-90103503 / +65-93535490 Whatsapp No: +91-9811155292 E-mail: alok@ascgroup.sg, shailendra@ascgroup.sg Visit us: http://www.ascgroup.sg/