News Formal

2 Singapore firms convicted for breaches under Companies Act

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

TWO Singapore firms - Data Register and its associated company Singapore Data Register - have been convicted and fined a total of S$4,500 by the State Courts on June 4, the Accounting and Corporate Regulatory Authority (Acra) said in a statement on Tuesday. Read more at The Business Times.

Acra previously brought a total of 1,104 charges against Data Register for failing to display the company name and registration number in the 139,833 business letters mailed out in October and November 2013.

In May 2016, Data Register pleaded guilty to a total of 500 charges and was subsequently fined S$200,000. "By failing to keep its office open to the public, Data Register and Singapore Data Register would have denied these subscribers the means to visit the companies' office to make enquiries, settle payments in person, or serve legal process," the authority said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business services firms Data Register, Singapore Data Register fined for flouting Companies ActSINGAPORE: Business services firm Data Register and an associated company, Singapore Data Register, were both fined a total of S$4,500 on Jun 4 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »