Business

Company director fined record S$113,400 for failing to hold AGMs, file annual returns

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If you are a director of a company and are unsure how to go about fulfillng your statutory obligations, contact us now and we at Value Accounting will be glad to guide you along.  Don’t hesitate. call us today! Company director fined record S$113,400 for failing to hold AGMs, file annual returns A COMPANY director …

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Value Accounting provides Proper Business advice

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ST: Vital to get proper advice from accountants Dr Desmond Wai suggested that appropriate action ought to be taken against accountants who provide improper advice to medical practices leading to a prosecution in court or a fine by the Inland Revenue Authority of Singapore (Iras) (Most doctors act on advice of consultants and accountants; Oct …

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Pay without account details & make seamless Transactions by Paynow Corporate

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Introducing PayNow Nine participating banks in Singapore have adopted PayNow, a peer-to-peer funds transfer service available to retail customers: Bank of China Citibank Singapore Limited DBS Bank/POSB HSBC Industrial and Commercial Bank of China Limited Maybank OCBC Bank Standard Chartered Bank UOB. Offering an enhanced funds transfer experience, Paynow enables retail customers of the nine …

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Penalty for Being Late for Your AGM or Annual Returns!

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Consequences for being late for your AGM or Annual Returns? If you do not hold your AGM or lodge your Annual Return on time, the Companies Act imposes penalties to defaulters. In summary, there are three sections governing the AGM and AR filing requirements for private companies: Section 175 – Annual General Meeting (AGM) A company …

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ACRA Public Register & Hefty Fines for Disqualified Directors

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‘Persistent offender’ sees director fined a record SGD $57,000! A company director was fined in July 2018 a record $57,000 for various breaches of the Companies Act, prompting the authorities to step up regulatory actions against persistent offenders. Starting 25th July 2018, company directors who have been disqualified for repeated breaches of the law will …

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