Statutory obligations of Director?

Companies, unless exempted, are required to hold an Annual General Meeting (AGM).

All companies must file their annual return within 7 months after the closing of the financial year end (FYE).

With effect from 31 March 2017, companies, foreign companies and LLPs (unless exempted) are required to maintain beneficial ownership information in the form of a register of registrable controllers, and to make the information available to public agencies upon request.

With effect from 31 March 2017, Companies are required to keep a register of its nominee directors containing the particulars of the nominators of the company’s nominee directors and produce the register of nominee directors and any related document to the Registrar, an officer of the ACRA or a public agency, upon request.

All companies must maintain with ACRA an electronic Register of Members (EROM), which is a listing of all shareholders. This information is updated whenever a company files a registration of share ownership or changes in share ownership. All companies’ Electronic Registers of Members are available for purchase by members of the public from ACRA.

Similarly, companies must maintain electronic registers of directors, secretaries, auditors and CEOs with ACRA. Companies are required to update ACRA within 14 days after changes in appointments.

Companies are required to update ACRA within 14 days of any changes to the company’s name, address and business activity.

Companies are required to update ACRA within 14 days of any changes to the personal particulars of company officers including Secretaries and shareholders.