Under Singapore’s Companies Act (CA), all company directors must comply with annual statutory obligations to maintain their company’s “live” status and avoid enforcement action by ACRA.
Annual General Meeting (AGM)
Unless exempted, every company must hold an Annual General Meeting (AGM). This meeting ensures shareholders and directors communicate at least once a year, providing updates on the company’s financial position and future direction.
Annual Return (AR)
All companies — including dormant and inactive ones — must file an Annual Return within 7 months after the end of their financial year (FYE). Timely filing ensures proper disclosure to shareholders and regulators. Even if the Inland Revenue Authority of Singapore (IRAS) has exempted a company from filing its income tax return, it must still submit its Annual Return to ACRA as long as it remains active (“live”).
Failure to hold an AGM or file an AR may result in enforcement actions against company directors.