effective date of 1 January 2017 and 2018 for the revenue recognition and financial instruments projects, respectively, the ASC has now decided to introduce a new financial reporting framework that is identical to IFRS for Singapore listed companies for annual periods beginning on or after 1 January...
For listed companies: Hold AGM within 4 months after FYE. For any other company: Hold AGM within 6 months after FYE. According to section 175 of the Companies Act, a company and any directors who fail to hold an AGM can face a fine of up to S$5,000. However, to avoid prosecutio...
Since 2016, the Singapore Exchange (SGX) has made itmandatory for all listed companies to disclose and publish an annual sustainability report. These reports are intended to complement the financial reports issued by listed companies and thus show how environmental, social, and governance (ESG) risk...
2. All listed companies in Singapore will be required to make climate-related disclosures starting from the financial year (FY) commencing on or after 1 January 2025. Large non-listed companies – defined as having annual revenues of at least S$1 billion and total assets of at least S...
In Singapore, listed companies will be required to adopt ISSB-aligned climate-related disclosures from 2025, with large non-listed companies following in 2027. This is part of a broader initiative to ensure that businesses are managing both the physical and transition risks associated with climate ...
From 1 January 2022, listed companies must issue sustainability reports, with climate reporting on a “comply or explain” basis, together with their annual reports, unless they have conducted external assurance. Climate reporting will be mandatory for listed companies in the financial, agriculture, ...
Listed companies and credit issuers across a wide spectrum of industries ranging from mining to software are beginning to align with investors’ thinking, which means that the sustainable investment universe is expanding. More companies are integrating – or have clear intentions to integrate – sustain...
All companies in Singapore should determine a financial year-end (FYE) (that is, the last day of the company’s first financial year) after incorporation. After the FYE, the company must hold its AGM as well as file its annual returns (AR). Listed companies must file their AR within fiv...
The ACRA BizFile of your holding companies and/or subsidiaries Your corporate group structure If your company is listed on the Singapore Exchange (SGX), your complete SGX shareholder report From your vendor, you will need the following: A quotation addressed to your full registered company name as...
listed companies (as at 31 March 2018): Nil Principal Commitments: Singapore Telecommunications Limited (Group Chief Financial Officer) Past Directorships in listed companies held over the preceding three years: (from 1 April 2015 to 31 March 2018) Nil 19ANNUAL REPORT 2017/18 BOB TAN BENG HAI,...