What is Annual Filing? - PowerPoint PPT Presentation

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What is Annual Filing?

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It's yearly statement which gives essential information about a firm's composition, activities, and financial position. – PowerPoint PPT presentation

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Title: What is Annual Filing?


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65-90103503, 65-93535490
ASC Singapore
What is Annual Filing?
Learn About Annual Filing Requirements
Filing of documents to ACRA on an annual basis.
The documents show the balance sheet of profit
and loss account prepared in accordance with
Singapore Financial Reporting Standards. The
annual filing return contains key information
about the company such as
  • Company Name and Registration Number
  • Principal activities of the company
  • Registered Office Address
  • Details of company officers (directors,
    secretary)
  • Shareholder details, share capital, etc

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65-90103503, 65-93535490
Who is Responsible for Annual Filing?
  • It is the duty of the Company Secretary to
    ensure that the company complies with the filing
    of various statutory reports.
  • The directors of the company have a
    responsibility to ensure that the financial
    statements of the company are well prepared and
    compliance with accounting standards.

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65-90103503, 65-93535490
Consequences in Case of Non-Compliance
The Companies Act in Singapore and ACRA custom
fees and penalties if a company does not hold its
AGM in a timely manner, does not submit the
Annual Return and financial statements within the
restricted deadline and AGM are not up-to-date.
Conclusion
Every Singapore incorporated company must ensure
the timely submission of returns and forms with
ACRA and IRAS. A recognized company incorporation
firm in Singapore ensure that the compliance
requirements of a company are met and its
business is protected from any legal problems.
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65-90103503, 65-93535490
Singapore Office Location
ASC Singapore 1 North Bridge Road 10-09 High
Street Centre, Singapore-179094 Phone No
65-90103503 / 65-93535490 Whatsapp No
91-9811155292 E-mail alok_at_ascgroup.sg,
shailendra_at_ascgroup.sg Visit us
http//www.ascgroup.sg/
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65-90103503, 65-93535490
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