LATEST NEWS FEEDS

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3 weeks ago
Procosec Asia

New XBRL filing requirements from May 1st, 2021

Companies will be required from May 1st, 2021 to prepare their XBRL financial statements in accordance with the Accounting and Corporate Regulatory Authority’s practice direction no. 2 of 2020.

This will provide a simplified procedure for smaller companies to ensure easier compliance with data elements required to complete XBRL filing.

Please feel free to get in touch with us in case you want to know more.
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New XBRL filing requirements from May 1st, 2021

Companies will be required from May 1st, 2021 to prepare their XBRL financial statements in accordance with the Accounting and Corporate Regulatory Authority’s practice direction no. 2 of 2020.

This will provide a simplified procedure for smaller companies to ensure easier compliance with data elements required to complete XBRL filing.

Please feel free to get in touch with us in case you want to know more.
3 weeks ago
Procosec Asia

Did you know? Importance of Filing Annual Returns for Singapore companies

Every Singapore company must file within six (6) months from its financial year end, a filing with the Accounting and Corporate Regulatory Authority called the Annual Return.

If a company fails to file its Annual Return, then the Singapore Registrar of Companies may strike the Singapore company from the Companies Register meaning it will not be able to function.

Proosec Asia ensures your company is kept informed of its compliance deadlines and notification requirements, leaving you with the peace of mind of taking care what ultimately matters: the successful running of your business.
... See MoreSee Less

Did you know? Importance of Filing Annual Returns for Singapore companies

Every Singapore company must file within six (6) months from its financial year end, a filing with the Accounting and Corporate Regulatory Authority called the Annual Return.

If a company fails to file its Annual Return, then the Singapore Registrar of Companies may strike the Singapore company from the Companies Register meaning it will not be able to function.

Proosec Asia ensures your company is kept informed of its compliance deadlines and notification requirements, leaving you with the peace of mind of taking care what ultimately matters: the successful running of your business.
3 weeks ago
Procosec Asia

Register of Registrable Controllers Extended Deadline: June 30th, 2021

The Accounting and Corporate Regulatory Authority of Singapore have now resumed the online portal for Companies and Limited Liability Partnerships to lodge details of their Registrable Controllers from February 1st, 2021.

Generally, a Registrable Controller will be an individual or company who holds 25% or more shares/voting rights in a company or who factually has control or influence over a company.

The deadline for Companies and Limited Liability Partnerships to lodge the required information of their registrable controllers is June 30th, 2021.

Further details can be found here: www.acra.gov.sg/news-events/news-details/id/601
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Register of Registrable Controllers Extended Deadline: June 30th, 2021
 
The Accounting and Corporate Regulatory Authority of Singapore have now resumed the online portal for Companies and Limited Liability Partnerships to lodge details of their Registrable Controllers from February 1st, 2021.
 
Generally, a Registrable Controller will be an individual or company who holds 25% or more shares/voting rights in a company or who factually has control or influence over a company.
 
The deadline for Companies and Limited Liability Partnerships to lodge the required information of their registrable controllers is June 30th, 2021.

Further details can be found here: https://www.acra.gov.sg/news-events/news-details/id/601
3 weeks ago
Procosec Asia

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