Since March 31, 2017, all companies, foreign companies and LLPs are required to set up and maintain a RORC at their registered office address or the address of their appointed registered filing agents, unless exempted.
Exempted companies include Singapore-listed companies, Singapore financial institutions, and any company that is wholly owned by the government. Information in the RORC includes, among other details, the names and addresses of individuals and legal entities that have significant interest or significant control over the company, foreign company or LLP.
Any change to the controllers' information must be updated in the entities' RORC and similarly filed with ACRA's new central register within two business days thereafter, the authority said. Failure to do so is an offence that can attract a fine of up to S$5,000 upon conviction.For daily updates on weekdays and specially selected content for the weekend. Subscribe to
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