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About Cherrie Yee

Cherrie Yee is an expert on small and medium enterprises. She has over 10 years of professional experience in corporate secretarial involving foreign companies, local companies as well as private companies.

Company Strike Off and Restoration According to ACRA

Striking off a company simply means having it removed from the Singapore Register of Companies. Applying for a company strike off is a cost-effective way to close down a company, but what if it was done without the consent of all the company’s directors?  In situations when a Singapore company [...]

2021-05-30T18:08:09+08:00May 30th, 2021|Strike Off Company Singapore|0 Comments

Local Company Strike Off According to ACRA

When you strike off a company, it simply means that you are removing it from the Register of Companies. Striking off is a cost-effective approach to closing down a business. It has, however, some requirements that need to be met. For more information, see our striking off services. Aside from [...]

2021-05-30T18:09:16+08:00May 22nd, 2021|Strike Off Company Singapore|0 Comments

A Singapore Corporate Secretary’s Task: Minutes of the Meeting

In compliance with Singapore policies, business entities must appoint a corporate secretary to fulfil various corporate responsibilities such as coordinating meetings for the company’s directors and shareholders and preparing the minutes of company board meetings. Minutes of Company Meetings Part of the key responsibilities of a company secretary is to [...]

Tax Obligations of a Singapore Company Applying to Strike Off

Entrepreneurs who want to close their business in Singapore can either apply to strike off their company through the Accounting and Corporate Regulatory Authority (ACRA) or wind up with the help of a professional liquidator. The business should have a reasonable cause and must be able to satisfy the set [...]

2021-04-23T18:53:23+08:00April 22nd, 2021|ACRA Strike Off|0 Comments

The Meaning of Liquidation

In accounting, the meaning of liquidation is the process of selling off all the company’s assets to generate cash. These funds will be used for paying creditors and other debts. Liquidation is often a possible outcome of bankruptcy, but there are other situations as well. Sometimes, a business can liquidate [...]

2021-03-31T22:32:00+08:00March 28th, 2021|Liquidation|0 Comments

Can a Company in Singapore Operate without a Corporate Secretary?

In Singapore, all companies registered with the Accounting and Corporate Regulatory Authority (ACRA) are mandated to appoint a corporate secretary within six months from the date of incorporation. The corporate secretary ensures that the company complies with the established legislation and regulations. Additionally, it is the secretary’s responsibility to keep [...]

2021-03-31T22:32:09+08:00March 28th, 2021|Corporate Secretary Singapore|0 Comments

Costs Involved in Hiring a Company Secretary in Singapore

When starting your business, one of the most crucial decisions to make is selecting a suitable individual as your company secretary in Singapore. There are two ways to go through this process: hiring in-house and outsourcing.  The appointment of a company secretary, whether you choose to outsource or hire someone [...]

2021-03-31T22:32:16+08:00March 28th, 2021|Company Secretary Singapore|0 Comments

Quick Singapore Nominee Director Guide

Foreign entrepreneurs and business owners who do not have connections with any Singaporean, permanent resident, or Entrepass holder typically use a nominee director service provided by firms such as CorpXervices. Using such service is imposed under the Companies Act, Section IXA. The appointment of a nominee director in Singapore goes [...]

2021-03-31T22:32:29+08:00March 17th, 2021|Nominee Director Singapore|0 Comments

2021 Revised XBRL Filing Requirements

ACRA (Accounting and Corporate Regulatory Authority) issued the Practice Direction No. 2 of 2020 to guide companies on the revised XBRL filing requirements and data elements. This move is part of their efforts to streamline the filing of financial statements (FS) using XBRL (eXtensible Business Reporting Language) software.  As a [...]

2021-03-31T22:32:38+08:00February 10th, 2021|XBRL|0 Comments