Annual Return Filing
Filing Annual Returns with ACRA (Accounting & Corporate Regulatory Authority) is a mandatory requirement for all Singapore companies unless exempted. It is an electronic submission of a set of documents within 30 days of the AGM (Annual General Meeting) of a company. Our Combo fees for preparation of AGM and Annual Return filing is S$300 per year.
What is Annual Return?
An Annual Return is a set of the documents comprising information on officers particulars, registered address and capital structure of the company. It is an online submission made to the local authority. Under Section 197 of Singapore Companies Act, the filing of Annual Returns is a statutory requirement for every Singapore incorporated company which must be done within 30 days of its AGM (Annual General Meeting).
Which Documents to be Included in an Annual Return?
- Company Name and Registration Number
- Registered Address
- Principal Business Activities
- Summary of Capital Structure (Paid-up & Issued share capital)
- Particulars of Directors, Company Secretary, Auditors, and Shareholders
- Details of Financial period
- Financial report in full or partial XBRL format
How Can We Help You in Filing Annual Returns of Your Company?
We have a team of expert professionals who are conversant with the laws of the authorities and help you stay compliant by delivering timely filing services. Our services are not just limited to the AR filing but also transcend to the convening of AGM.
Our team will take care of your following activities-
- Preparation of Annual General Meeting (AGM) agenda, shorter notice, attendance sheet and minutes of AGM
- Drafting of board resolutions for directors to approve the financial account of the company
- Filing Annual Return to the Authority (ACRA)
- Payment of Annual Return filing fee to the government authority
- Sending acknowledgment receipt of filing to the company’s director
Deadlines for Convening AGM & Filing Annual Return of a Company
There are no specific dates for convening AGM and filing an annual return of a company. They vary from company to company. Under the Singapore Companies Act, every company must convene its AGM once in every calendar year and file Annual Return within 30 days of AGM. The gap between two AGMs should be up to 15 months. However, the newly incorporated company can hold its first AGM within 18 months from the date of incorporation.
What if Your Company failed to hold AGM or submit ARs within the Deadline?
In case a company fails to fulfill the compliance requirements of holding AGM or filing ARs within the deadlines, the company should apply for an extension of time. It is notable that an extension of time can be applied for only before the deadline has lapsed. The penalty fines will be imposed for late lodgement to the companies who fails to comply with the Companies Act.
Apart from following the laws of the authorities, the filing of Annual Returns of a company is important in another aspect as well. It leaves a great impact on the reputation of the company. Since an Annual Return is a public record, business partners, potential investors can easily access to it. They can gain a better understanding of the financial health of a company before deciding to invest in it.
Our Fees Structure
|Preparation of Annual general meeting and annual return filing||S$300||Per Year|
Do you need our help for filing your Annual Returns? Mail us or give us a call & let us know about your requirements.