Company annual review and process
According to the Singapore Company Law, any company must submit its annual returns to the Singapore Accounting and Corporate Regulatory Authority (ACRA) after holding its annual general meeting.
During the annual audit process, the company must submit updated information to the Singapore Accounting and Corporate Regulatory Authority. The main information includes directors, secretaries, company members and company financial report dates.
The information required is as follows
- Information about the company, such as company type, company address, business scope, company members, creditors, and others. Information about equity, equity type, number, issued shares, paid-in capital, and others. Company annual financial report. Company annual general meeting of shareholders. (If applicable) After filing, archive the updated Bizfile.
Dormant Company
After the annual review of the dormant company, it must also submit a declaration to the Inland Revenue Authority of Singapore (IRAS).
Annual review process
- The company must prepare financial reports in accordance with Singapore's financial reporting permit, the Singapore Financial Reporting Standard. After the financial report is settled, the company must hold an annual general meeting of shareholders. The company's board of directors will resolve and sign relevant documents. All the above documents must be submitted to ACRA, and the company's annual review application must be submitted. After submission, the latest Bizfile will be archived.