Section 171 of the Singapore Companies’ Act, Chapter 50 requires Singapore companies to appoint a Company Secretary Singapore to ensure the company is compliant with the Companies’ Act.

A Company Secretary Singapore, responsible for maintaining the company records and other administrative duties as prescribed by law, must be appointed within six months. The Companies Act states minimum qualifications as regards who can be a company secretary. Private companies can appoint their employees or directors to perform these duties.

An Auditor must be appointed within three months from the date of incorporation unless it is exempted from audit requirements. In practice, an appointment is arranged during incorporation.

• Private Limited (‘Pte Ltd’) Companies: the number of shareholders is limited to fifty or less and has restrictions on the right to transfer its shares
• Public Companies: the number of shareholders can be more than fifty members and the company may raise capital by offering shares and debentures to the public

A Private Company limited by shares – Private Limited Company (‘Pte Ltd’) is the most common type of company .

A Singapore Company Incorporation may be registered with only one shareholder who can be an individual or a corporation. There is no requirement for shareholder(s) to be resident in Singapore.The liability of the shareholders is limited to the amount, unpaid on the shares issued to them. No minimum capital requirement and the company can be formed with an issued capital of S$ 1 that can subsequently be increased to the required amount. The par value of shares is usually fixed at S$ 1 per share. No-par value and bearer shares are not permitted.

Having picked a new company name, you must validate it in ACRA

You need to report to ACRA if you appoint or fire a director, a company secretary or an auditor

If you decide to change your company’s registered address

If you decide to change your company’s business activity, ACRA wants to know about it

Transfer of shares in a private limited company — a procedure when a shareholder sells all of his shares or some of them to a company or an individual

Allotment of shares is a procedure of creating and issuing shares, either for new or existing shareholders

A set of documents that indicate your company’s financial health and status

An annual general meeting which is a compulsory yearly procedure. A company informs its shareholders about the financial situation and the shareholders’ issue a resolution of approval