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What are the requirements for annual compliance for private limited company in Singapore?
Q&AThe first requirement is about annual general meeting, which must be held within 18 months upon the successful incorporation of the company, and thereafter the lapse of time may not be more than 15 months, unless the Company Registrar approves such behavior or a resolution to such effect is being passed by all members who enjoy voting right at the annual general meeting in the company.
Secondly, at the annual general meeting, directors must present the profit-and-loss accounts of the company in a true and fair view to the members, and such accounts cannot be made up by any account that is of a date 6 months prior to the meeting.
Thirdly, Singaporean private limited company must file its annual return with the Accounting and Corporate Regulatory Authority no later than one month after the annual general meeting. The annual return must include, but not limited to, details of the company officers, registered address, and auditors (if any). Alternatively, a professional service firm can be engaged in completing such annual return filings in lieu of the Singaporean company.
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