The concept of legal personality of a company being separate and distinct from the owner of the business can often be a blurring point among the SMEs especially those owner-managed businesses.
In this page, we attempt to clarify the confusions by sharing our knowledge in the form of articles about the governance of the corporate realm, the duties and responsibilities of officers such as the directors, the secretaries, as well as the members of a company, etc. We hope our articles will be helpful to shed light in this respect.
These articles are meant for sharing of knowledge, they cannot be taken as substitutes for professional legal opinion, and we disclaim liability whether express or implied for any action or inaction on your part out of your reading and understanding of these articles. Please seek independent legal opinion in your context specific issues.
Incorporating a private company limited by shares in Singapore
The regulatory body for business entities registered or to be registered in Singapore is the Accounting and Corporate Regulatory Authority (ACRA).
To incorporate a private limited company in Singapore, one must first submit to ACRA an application for the approval of the name of the proposed entity.
ACRA’s approval of the proposed name can be obtained within a day upon payment, but it may take up to 2 months if the application requires separate approval or is subject to review from other authorities such as the Ministry of Education.
Bits and pieces about corporate matters
What are resolutions? When do we issue share capital? What is the role of the company secretary? We put together bits and pieces about these corporate matters for a better understanding.
The organs of a company
What is corporate governance and corporate social responsibility?
It is about promoting corporate fairness, transparency and accountability. Directors are responsible for a company's governance, which will include setting the company's goals, providing leadership to achieve the goals and supervising the management of the company.