Compliance Ratings and Certificate

Compliance Ratings and Certificate

Many companies are under the wrong impression that the non-imposition of composition sum or late lodgement fees is an indication of compliance. This is not the case.

Your company will be issued with a green tick if it has held its Annual General Meeting (AGM) timely, presented up-to-date accounts at the AGM and filed the Annual Return (AR) not more than 30 days after.

The compliance rating record for all locally-incorporated companies are available for inspection by the public via ACRA’s free online Directory of Registered Entities.

Getting a positive compliance rating for your company will enable you to use this good track record for brand equity. It shows that your company exhibits good corporate governance through prompt disclosure and good compliance.

Criteria to obtain a green tick √

Companies must meet the following criteria under the Companies Act, Cap. 50 to be eligible for a green tick:

Criteria	Description
Section 175(1)	Your company must hold its AGM every calendar year and not more than 15 months from the previous AGM. If your company is newly incorporated, it has to hold its AGM within 18 months from its date of incorporation
Section 197(1)(b)	After your company has held its AGM, it has to file the AR within 30 days online via Bizfile+.
Section 201(1)	For private limited companies, the accounts that are laid at the AGM must not be more than 6 months old. For public-listed companies, the financial statements laid at the AGM must not be more than 4 months old.