Filing of Annual Return with ACRA

Under Section 175, Section 197 and Section 201 of the Companies Act, all locally incorporated companies are required to hold their Annual General Meeting (AGM) and file their Annual Return.

At the AGM, directors shall present a true and fair view of its company’s accounts to their shareholders.

Our fee for Annual Return Filing is $150

which includes all the Annual General Meeting Agenda, Shorter Notice Attendance Sheet, AGM Minutes and File the Annual Return.  Also the filing fee to ACRA is included.

When a company is required to hold an AGM and file its annual return?

Under Section 175 of the Companies Act:
A company is required to hold its first AGM within 18 months from its date of incorporation. Thereafter, AGMs must be held every calendar year and the interval between AGMs should not be more than 15 months.

Under Section 197 of the Companies Act:
Annual return must be filed with ACRA within one month from the AGM.

Under Section 201 of the Companies Act:
If a company is not listed or quoted on a securities exchange in Singapore, its set of accounts presented at the AGM shall be made up to a date not more than 6 months before the AGM.

What would happen if a company fails to hold its AGM or file Annual Return within the deadline?

A company can request for an extension of time to file the annual return or hold its AGM.

This is done through an application with payment of extension fee. Upon approval of the application, the company must file the annual return within one month from its extended AGM date.

However, if the company fails to hold its AGM or file the annual return, a penalty will be imposed for late lodgement as prescribed in the Companies Act, Cap 50. The penalty will range from $60 to $350 depending on the length (counted in days) of the default. In addition, a summon may be issued against the company director for not holding the company’s Annual General Meeting and filing its Annual Return as stipulated under the law.

Other Notice of Changes for ACRA Filing

A Company is required to file with ACRA of any changes in its company particulars. Some of the common types of changes will be incurred by a company that requires filing are:

  • change of company name
  • change of company registered address
  • change in the share capital
  • change of company’s principal business activities
  • change of particulars of the company’s officers
  • transfer of shares
  • conversion of company type, either from private limited to public or vice versa

Aspire Accounting Service can help your company to prepare the required documentation for the changes and file it with the ACRA.

Please feel free to contact us at +65 9227 3989 or drop us an email at enquiry@aspireaccounting.com.sg