When RORC is to be filed?

Which type of entities are required to file Registers of Registrable Controllers (RORC)?

Penalties for failure of lodging RORC?

Filing Requirements for Register of Controllers (RORC) (W.e.f: 30-July 2020 onward)

As part of ongoing efforts to uphold Singapore’s reputation as a trusted financial hub, and in line with international practices, ACRA has implemented a new requirement for all companies, foreign companies and Limited Liability Partnerships (LLP), unless exempted, to lodge information on their Registers of Registrable Controllers (RORC) with ACRA via BizFile+ from 30-July 2020 onward. This is in addition to the existing requirements for companies and LLPs to maintain a RORC at the registered office address.

The RORC information lodged with ACRA will be accessible to public agencies in Singapore such as law enforcement agencies. Members of the public will not be able to access the RORC information or purchase any extracts of these lodgements.

Companies, foreign companies and LLPs are required to continue to maintain a RORC at the registered office address, and update any changes to the RORC information prior to updating the same information with ACRA within two business days. Alternatively, a Registered Filing Agent (RFA) may be engaged to lodge the RORC information with ACRA on behalf of the entity.

Who can lodge RORC information on behalf of business entities?

Only authorised position holders of the business entity (e.g. directors and secretaries of company / partners of LLPS) as well as RFAs that have been authorised by the business entity can lodge RORC information in BizFile+.

RFAs Lodging RORC information on behalf of their clients

RFAs can only perform transactions, including lodging of RORC information, for entities which are in the client list submitted to ACRA. RFAs must ensure that they have been authorised by their clients to lodge and update the RORC information on their behalf.

What are the penalties for failing to lodge RORC with ACRA?

The companies/LLPs will be guilty of an offence, and shall be liable upon conviction, to a fine not exceeding $5,000.

Click here to learn more about Compliance to Companies in Singapore.