AGM & Annual Return Filing

  • The name of the corporation
  • Registration number of the business
  • The company's main activities
  • A current physical address for the registered office
  • A list of the officeholders of the corporation
  • A comprehensive list of all shareholders, including the amount invested in the company.
  • Financial accounts of the business on a yearly basis
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Selecting A Singapore Filing Agent

Companies must maintain compliance with the Singapore Companies Act following specific laws and regulations. Both annual general meeting (AGM) and annual return (AR) must be completed annually for criteria to be met with ACRA. Non-compliance with regulations will result in severe fines and penalties.

What Is an Annual General Meeting of Shareholders?

Annual General Meeting (AGM) are required under the Singapore Companies Act for all companies. This enables all shareholders to participate in business decision-making. One of the meeting’s principal objectives is to review the business’s financial accounts and ensure that they are approved by simple majority vote.

When Is Annual General Meeting Held ?

  • Within 18 months after their incorporation, newly formed businesses are obliged to have an annual general meeting.
  • Established corporations are expected to have an annual general meeting within 15 months of the date of their most recent annual general meeting.

Both new and existing businesses are expected to convene an annual general meeting within six months after the conclusion of their fiscal year. After holding its annual general meeting, a firm has 30 days to submit an Annual Return (AR) with Singapore’s Accounting and Corporate Regulatory Authority (ACRA).

What Exactly Is an Annual Return ?

A company’s annual return includes a variety of pieces of information. The following data is necessary:
  • The name of the corporation
  • Registration number of the business
  • The company's main activities
  • A current physical address for the registered office
  • A list of the officeholders of the corporation
  • A comprehensive list of all shareholders, including the amount invested in the company.
  • Financial accounts of the business on a yearly basis
Please be aware that some businesses are not required to publish yearly financial statements. Among them are :
  • Small Businesses - These are firms with less than S$10 million in sales and assets and less than 50 workers at any one moment.
  • Exempt Private Companies - To qualify for this exemption, a business must have a maximum of 20 shareholders, none of whom may be corporate shareholders.
  • Dormant Exempt Private Corporations - These are corporations that have remained dormant for the whole of their fiscal year.

How Do You File Your Singapore Private Limited Company's Annual Return ?

All firms must utilise ACRA’s online system, BizFile. Penalties that grow daily as the number of days a firm files late grows are levied on companies who file late.

In some conditions, a business will be authorised to submit an AR (Articles of Incorporation) without convening an AGM (Annual General Meeting). BizFile must be notified ahead of time and given the opportunity to consent before going through with the exception.

Maintain Compliance Through the Use of Appropriate Annual Return Filing Procedures

At YCS, we understand how challenging it can be to manage government regulations and maintain regulatory compliance for your organisation. We are a full-service accounting firm that specialises in aiding businesses with their accounting requirements. With years of expertise, we are committed to ensuring that your firm’s account and financial status comply with Singapore’s requirements, allowing you to focus on operating your business! To get started, feel free to fill the contact form or schedule an appointment.

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