Every company in Singapore is required to hold an annual general meeting (AGM) and file its annual returns (AR) in accordance with the Singapore Companies Act, and administered by the Accounting and Corporate Regulatory Authority (ACRA) Singapore. The AGM and AR comprise the principle of corporate disclosure and transparency that accompany the limited liability status of companies in Singapore.

RCW accounting firm Singapore helps newly incorporated companies file applications for their AGMs and ARs, as well as to setup and plan their financial year periods. Every annual return must be filed after the annual general meeting has been held. The Accounting and Corporate Regulatory Authority (ACRA) SIngapore does make exceptions under certain circumstances that affect businesses with foreign and local shareholders who, for example, may not be in the country at the same time, or a shareholder has been disqualified and a suitable replacement has not been found.

In these cases, the company in Singapore may file its annual returns without holding its annual general meeting. There are, however, certain steps that the ACRA prescribes, which companies must take to rectify such circumstances. ACRA officers are not empowered to provide such advice or insight to companies. Companies may seek legal advice from qualified lawyers, or professional guidance from certified accounting firms in Singapore.

RCW accounting firm Singapore provides expert advice to help companies meet the requirements imposed by the ACRA to conduct proper annual general meetings that comply with the ACRA’s expectations. It must be noted that it is the ACRA’s policy to reject repeat applications from Singapore-registered companies to file annual returns without holding an annual general meeting, unless there are exceptional circumstances.

RCW accounting firm Singapore helps companies file their annual returns and also provides advice on sending a notice to the ACRA to demonstrate intention to hold the AGM and file the AR. RCW accounting firm Singapore also helps companies to establish quorums between shareholders to facilitate meeting and filing compliance. RCW accounting firm Singapore also provides insight that help prevent companies from committing offenses related to non-compliance for filing. RCW accountants and specialists work together with company officers (directors or the company secretary) to help the company apply for its AGM and AR filing, and to navigate the requisite steps for filing via BizFIle or other ACRA portals. RCW accounting firm Singapore can also provide company secretary services to organizations across industries, in Singapore, subsuming the role and therefore freeing up some of the responsibilities the resources of the company.