All the Singapore registered Company is required to comply with list of regulation with ACRA. Find out here more detail

1. HOW TO AVOID FACING ENFORCEMENT
ACTION BY ACRA
-List of Statutory need to comply
-List of Option if NOT able to comply
-What is Composition Fine, Prosecution Action, Debarment
Regime

2. IS YOUR OBLIGATION TO COMPLY WITH
THE FOLLOWING :
SECTION NEED TO COMPLY
201 Up to date financial statement must be presenting at the
AGM
175 AGM must be held in within 15 months from the last AGM
date OR 18 months from the date of Incorporation
197 Company must lodge annual return with ACRA within 30
days from the date of Annual General Meeting

3. LIST OF OPTION IF NOT ABLE TO COMPLY
A) APPLY STRIKE OFF WITH ACRA
Criteria need to comply with :
*Obtain Consent from all shareholder
*Company had ceased operation
⃰ NO outstanding amount
⃰⃰ NO liabilities
*NO involvement in any legal proceeding inside or outside
Singapore

4. LIST OF OPTION IF NOT ABLE TO COMPLY
B) ATTEND DIRECTORS COMPLIANCE PROGRAMME
(DCP)
• A copy of letter will address to director
*Offered to 1st time offenders ONLY
* Extension of time will be granted after attended the Program

5. NO ACTION TAKEN ?
THEN PREPARE FOR THE FOLLOWING
*COMPOSITION FINE
*PROSECUTION
*DEBARMENT

6. NO ACTION TAKEN
+
PAY COMPOSITION
Statutory Act was
not complied
Before Court
summons issued
After Court
Summons issued
After warrant of
Arrest issued for
failing to attend
court
Amount Payable
S175 S$300 S$600 S$900 Up to S$900 per
breach
S197 S$300 S$600 S$900 Up to S$900 per
breach

7. PAY LATE FILING
Statutory Act was not
complied
Nature of Amount Amount Payable
S175 Composition sum S$300 per breach
S197 Late filing penalty S$300 per late filing
S201 Composition sum S$300 per beach

8. PROSECUTION ACTION TAKEN
Court Summon will
be issue with the
following FINES
Statutory Act was breached Court Fines Payable
S175, Not holding AGM Up to S$5,000
S197 Not filing AR Up to S$5,000
NO ACTION TAKEN

9. NO ACTION TAKEN
Company director will be DEBAR from
taking on NEW appointment as company
officer of other companies
DEBARMENT OF DIRECTOR