News | PROCOSEC

New XBRL filing requirements from May 1st, 2021

Companies will be required from May 1st, 2021 to prepare their XBRL financial statements in accordance with the Accounting and Corporate Regulatory Authority’s practice direction no. 2 of 2020. This will provide a simplified procedure for smaller companies to ensure easier compliance with data elements required to complete XBRL filing. Please feel free to get

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Posted May 1, 2021 | by Matthew |in News

Did you know? Importance of Filing Annual Returns for Singapore Сompanies

Every Singapore company must file within six (6) months from its financial year end, a filing with the Accounting and Corporate Regulatory Authority called the Annual Return. If a company fails to file its Annual Return, then the Singapore Registrar of Companies may strike the Singapore company from the Companies Register meaning it will not

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Posted April 28, 2021 | by Matthew |in News

Register of Registrable Controllers Extended Deadline: June 30th, 2021

The Accounting and Corporate Regulatory Authority of Singapore have now resumed the online portal for Companies and Limited Liability Partnerships to lodge details of their Registrable Controllers from February 1st, 2021. Generally, a Registrable Controller will be an individual or company who holds 25% or more shares/voting rights in a company or who factually has

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Posted April 28, 2021 | by Matthew |in News

Accounting and Corporate Regulatory Authority (ACRA) confirm extension of COVID-19 temporary measures for company meetings

On April 9th, 2021, ACRA confirmed that the COVID-19 temporary measures for company meetings would be extended from beyond June 2021. These measures will therefore allow companies to continue to hold and carry out their board/general meetings: By permitting notices and all documents to be tabled at board/general meeting to be provided electronically or by

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Posted April 28, 2021 | by Matthew |in News