In:
If the dormant company is unlisted, is not a subsidiary or a listed company, and the companyโs total assets is not more than S$500,000, the company is exemptedย from preparing financial statements (FS) even if it is insolvent.
If the dormant company is unlisted, is not a subsidiary or a listed company, and the companyโs total assets is not more than S$500,000, the company is exemptedย from preparing financial statements (FS) even if it is insolvent.