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1 week ago
Procosec Asia

Changing your company name in Singapore

Throughout the life of a company, it may be required to change its name for certain reasons, including:

1. Sale of assets: where the assets of a company are acquired, it is often a requirement for the selling company to change its name from the name of the new company which may be set up to acquire the assets;

2. Rebrand: where the company is seeking to reposition itself, it may decide on a rebranding exercise which will include a change of the company name;

3. Cessation of a partner: if a company was named after its current owners and an owner leaves the company, the remaining partners may wish to change the name of the company to reflect the current partners moving forwards.

Before proceeding to decide on a change of name, it is worthwhile to check if your company Constitution provides for any particular approval threshold for changing the company name (i.e. 100% of the shareholders).

Otherwise in Singapore it is a requirement for at least 75% of voting shares approving the change of company name.

The special resolutions approving the name change must also be filed with the Accounting and Corporate Regulatory Authority before the new company name can take effect in Singapore.

For more information as to our firm’s company compliance services, please visit: www.procosecasia.com
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Changing your company name in Singapore

Throughout the life of a company, it may be required to change its name for certain reasons, including:

1. Sale of assets: where the assets of a company are acquired, it is often a requirement for the selling company to change its name from the name of the new company which may be set up to acquire the assets;

2. Rebrand: where the company is seeking to reposition itself, it may decide on a rebranding exercise which will include a change of the company name;

3. Cessation of a partner: if a company was named after its current owners and an owner leaves the company, the remaining partners may wish to change the name of the company to reflect the current partners moving forwards.

Before proceeding to decide on a change of name, it is worthwhile to check if your company Constitution provides for any particular approval threshold for changing the company name (i.e. 100% of the shareholders).

Otherwise in Singapore it is a requirement for at least 75% of voting shares approving the change of company name.

The special resolutions approving the name change must also be filed with the Accounting and Corporate Regulatory Authority before the new company name can take effect in Singapore.

For more information as to our firm’s company compliance services, please visit: www.procosecasia.com
2 weeks ago
Procosec Asia

Retirement and re-election of directors for a Singapore company

Most companies in Singapore adopt, on incorporation, a standard form of by-laws known as the Model Constitution.

The Model Constitution is essentially a set of binding rules between a Singapore company, its officers and shareholders.

Unless otherwise stipulated in the Constitution of a Singapore company, the Model Constitution provides that:

1 All the directors of a company are to retire at the first Annual General Meeting and seek re-election;

2 At subsequent Annual General Meetings, 1/3 of the elected directors have to retire; and

3 The retiring directors must have those who have been longest in office since their last election.

For more information as to the above topic or to find out more about our Singapore Company Compliance Services, please visit: www.procosecasia.com.
... See MoreSee Less

Retirement and re-election of directors for a Singapore company

Most companies in Singapore adopt, on incorporation, a standard form of by-laws known as the Model Constitution.

The Model Constitution is essentially a set of binding rules between a Singapore company, its officers and shareholders.

Unless otherwise stipulated in the Constitution of a Singapore company, the Model Constitution provides that:

1 All the directors of a company are to retire at the first Annual General Meeting and seek re-election;

2 At subsequent Annual General Meetings, 1/3 of the elected directors have to retire; and

3 The retiring directors must have those who have been longest in office since their last election.

For more information as to the above topic or to find out more about our Singapore Company Compliance Services, please visit: www.procosecasia.com.
3 weeks ago
Procosec Asia

What are company resolutions and why do I need them?

From the moment you set up your Singapore company, many operation and administrative decisions will be made. These will include, for example:

 Approving commercial contracts;

 Granting powers of attorney for agents to act for your company (e.g. for a business negotiation);

 Approving your yearly financial statements; or

 Making changes to the board of directors or shareholding of your company.

All these decisions need to be recorded by a Singapore company in the form of company resolutions.

Broadly speaking, there are 2 types of resolutions:

1. Directors Resolutions; and

2. Shareholders Resolutions.

Procosec Asia provides full time company secretarial services to Singapore companies in drafting, recording and maintaining all company resolutions required by your Singapore company.

For more information on our suite of corporate compliance services please visit: www.procosecasia.com
... See MoreSee Less

What are company resolutions and why do I need them?

From the moment you set up your Singapore company, many operation and administrative decisions will be made. These will include, for example:

 Approving commercial contracts;

 Granting powers of attorney for agents to act for your company (e.g. for a business negotiation);

 Approving your yearly financial statements; or

 Making changes to the board of directors or shareholding of your company.

All these decisions need to be recorded by a Singapore company in the form of company resolutions.

Broadly speaking, there are 2 types of resolutions:

1. Directors Resolutions; and

2. Shareholders Resolutions.

Procosec Asia provides full time company secretarial services to Singapore companies in drafting, recording and maintaining all company resolutions required by your Singapore company. 

For more information on our suite of corporate compliance services please visit: www.procosecasia.com
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