ACRA’s Naughty Corner

Breaches of the Companies Act by directors of Singapore Companies are, regrettably, commonplace. The Accounting and Corporate Regulatory Authority (ACRA)’s response to a breach will vary, depending upon its severity, the public interest and the harm done. In this article we look at the most common type of breaches, but specifically the failure to hold an Annual General Meeting (AGM) or to lodge the Annual Return (AR).

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Katherine Chapman
Key Take-Aways from the ASEAN Summit

The recent ASEAN summit held in Melbourne, Australia, has set the stage for what lies ahead for business with Southeast Asia. Australian businesses looking to strengthen ties or venture into Southeast Asia should take note of the critical areas discussed at the summit.

Take closer look at what's on the agenda following the ASEAN

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Katherine Chapman
Spotlight on Singapore

In the latest edition of our newsletter 'The Southeast Asia Opportunity', I take a closer look at Singapore's allure for Australian businesses venturing into Southeast Asia.

From trade in agriculture to renewable energy, the bridge between Australia and Southeast Asia stands strong and promising.

In the third instalment of our series, we explore Singapore’s position as a gateway to Southeast Asia, highlighting the strategic advantages and insights for navigating challenges that may arise.

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Katherine Chapman
Corporate Solutions Redefined: Innovation Through Partnerships in the Age of Automation

The emergence of AI has changed the face of business. So much so that when we think of innovation, now we only seem to think of tech and AI. Tech has become the prevailing focus for corporate services and solutions.

At CSLB Asia, we believe in standing apart from our competitors by prioritising people and partnerships. Striking a balance between leveraging technology and providing personalised services.

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Katherine Chapman
NEW! CSLB Q&A Clinics

We are expanding our services! The CSLB Clinic is now open to new clients. Each month, on the first and last Friday, we will be offering free 20-minute clinic sessions to help you move forward. Attend a session for answers and assistance with business-related issues and concerns you have about accounting, payroll, tax, and HR matters. Or work pass applications, advice, or support about your work pass renewal.

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Registrable Controllers And Register Of Nominee Directors

Accounting and Corporate Regulatory Authority (ACRA) announced changes to the Companies Act and Limited Liability Partnerships (LLP’s) Act. These changes were introduced to reduce compliance costs; make ownership and control of business entities more transparent, and increase efforts to position Singapore as a trusted and clean international business hub.

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Singapore Employment Pass New Salary Criteria

As a part of MOM’s continuous review of the manpower needs to support the Singapore economy, MOM have issued a press release updating the employment pass (EP) salary criteria for foreigners to suit the current economic climate and further enhancing the Fair Consideration Framework for the retention and expansion of hiring local talent.

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