Knowledge

Close a Business

Close a Business Business A sole-proprietor / partner may notify ACRA that the business is no longer in operation “Cessation of Business” . If the sole-proprietor or the partnership is GST registered, the business owner also has to apply for cancellation of GST registration with IRAS. Business owners or authorised representatives must ensure that they…

Register of Registrable Controllers

Register of Registrable Controllers Introduction The Companies Act (Cap. 50) (“Companies Act”) has been amended to introduce registers of registrable controllers of companies under the new Part XIA which came into effect on 31 March 2017. These amendments are accompanied by a new set of subsidiary legislation – the Companies (Register of Controllers and Nominee…