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
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Companies to file controllers' details in new Acra central register from July 30SINGAPORE (THE BUSINESS TIMES) - The Accounting and Corporate Regulatory Authority (Acra) has set up a new Central Register of Controllers, as part of efforts to make the ownership and control of corporate entities more transparent and uphold Singapore's reputation as a trusted financial hub.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Companies to file controllers' details in new Acra central register from July 30SINGAPORE (THE BUSINESS TIMES) - The Accounting and Corporate Regulatory Authority (Acra) has set up a new Central Register of Controllers, as part of efforts to make the ownership and control of corporate entities more transparent and uphold Singapore's reputation as a trusted financial hub.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Stocks to watch: Great Eastern, MNACT, Ascott Residence Trust, StarHub, Parkway Life ReitTHE following companies saw new developments that may affect trading of their securities on Tuesday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Stocks to watch: Singtel, Singapore Airlines, Keppel, ART, Tiong Seng, TritechTHE following companies saw new developments that may affect trading of their securities on Monday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »