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Pay without account details & make seamless Transactions by Paynow Corporate

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Introducing PayNow Nine participating banks in Singapore have adopted PayNow, a peer-to-peer funds transfer service available to retail customers: Bank of China Citibank Singapore Limited DBS Bank/POSB HSBC Industrial and Commercial Bank of China Limited Maybank OCBC Bank Standard Chartered Bank UOB. Offering an enhanced funds transfer experience, Paynow enables retail customers of the nine …

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Amendments in Statutory Requirements for AGM and Filing of Annual Return with ACRA

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Amendments in Statutory Requirements for AGM and Filing of Annual Return with ACRA With the aim to make Singapore maintain its position as an economically competitive and business-friendly country, there have been certain legislative changes relating to Annual General Meetings (“AGMs”) and Annual Returns (“ARs”) timelines to alleviate the regulatory burden with effect from 31 …

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Penalty for Being Late for Your AGM or Annual Returns!

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Consequences for being late for your AGM or Annual Returns? If you do not hold your AGM or lodge your Annual Return on time, the Companies Act imposes penalties to defaulters. In summary, there are three sections governing the AGM and AR filing requirements for private companies: Section 175 – Annual General Meeting (AGM) A company …

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Value Accounting Partners with Xero Online Software for Your Accounting Needs

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Xero Accounting All businesses aimed to increase their bottom line profit. Value Accounting is partnering with Xero to bring to you innovations and make your business dreams come true. In the past, accountants used to collect your documents, doing your books only for the sake of compliance without providing real-time crucial information for your decision …

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ACRA Public Register & Hefty Fines for Disqualified Directors

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‘Persistent offender’ sees director fined a record SGD $57,000! A company director was fined in July 2018 a record $57,000 for various breaches of the Companies Act, prompting the authorities to step up regulatory actions against persistent offenders. Starting 25th July 2018, company directors who have been disqualified for repeated breaches of the law will …

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ACCA Accounting Body encourages more help for Singapore SMEs to go global

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New research from the Association of Chartered Certified Accountants (ACCA) shows that small and medium-sized enterprises (SMEs) in Singapore would like more information and support on global trade opportunities to help them internationalise. Suggesting there is room for further growth, the accounting body’s research revealed that nearly half of respondents in its latest survey would still …

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