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| Q1. Must a company inform ACRA of changes to particulars? |
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| A company has to notify ACRA via online submission via BizFile of changes to its registered particulars and the particulars of its officers. |
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| Q2. Is a dormant local company required to prepare accounts and file Annual Return? |
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| Yes, it is the requirement under Section 175 of the Companies Act that every company must hold its Annual General Meeting (AGM) to approve its accounts, and thereafter to file its Annual Return. |
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| Q3. When must a local company hold its Annual General Meeting and file its Annual Return? |
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| The first AGM of a company must be held within 18 months of its incorporation. After that, an AGM must be held once in every calendar year and not more than 15 months after the last AGM. As required under Section 197 of the Act, the company must file its Annual Return within one month of the AGM. |
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| Q4. Does a company need to notify ACRA if there is a transfer of shares? |
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| Yes, you will need to submit an online notification via BizFile. The notification should be updated to include all previous transfer of shares after the last AGM. |
