components of its financial statements make better-informed with the Registrar as those expected of business decisions. This a Singapore-incorporated company i.e. will also align our file: requirements with that in financial statements that are the UK, Australia and NZ. prepared: based on requirements in its place of incorporation; or as if it is a Singapore incorporated public company (if it is not required to prepare accounts in its of incorporation) audited statement of its assets and liabilities, and profit and loss account in relation to its operations in Singapore (no change). New section 373(3) clarifies that: Technical amendment for the obligation to file financial clarity. Similar to that for a statements is dependent on whether Singapore public company the financial statements are required (i.e. within 7 months from to be prepared and tabled at AGM the end of the financial in the place of incorporation, and period), as the case may be. not simply whether a foreign company is required to hold AGM; the timeframe for filing will be within 2 months of the holding of the AGM or
components of its financial statements with the Registrar as those expected of a Singapore-incorporated company i.e. file: financial statements that are prepared: based on requirements in its place of incorporation; or as if it is a Singapore incorporated public company (if it is not required to prepare accounts in its of incorporation) audited statement of its assets and liabilities, and profit and loss account in relation to its operations in Singapore (no change). make better-informed business decisions. This will also align our requirements with that in the UK, Australia and NZ. New section 373(3) clarifies that: the obligation to file financial statements is dependent on whether the financial statements are required to be prepared and tabled at AGM in the place of incorporation, and not simply whether a foreign company is required to hold AGM; the timeframe for filing will be within 2 months of the holding of the AGM or Technical amendment for clarity. Similar to that for a Singapore public company (i.e. within 7 months from the end of the financial period), as the case may be.
AnnexC_COACT2.docx