Accounting and Corporate Regulatory Authority (“ACRA”) Launches New Initiatives

Colour-coded Compliance Rating and Certificate of Compliance

Initiative:

• Companies with good record for holding its Annual General Meeting ("AGM") on time, tabling and filing up-to-date financial statements and Annual Return for the year in question (ie compliant companies) will be given a green tick, while non-compliant ones will  have a negative rating (ie a red cross). The ratings will be reflected on ACRA's free online Directory of Registered Entities for inspection by public.
  
  Companies with a green tick will be issued with a Certificate of Compliance on payment of a fee of S$15. However, this fee will be waived for a 6 month period. 

Launch date:

• This initiative was launched on 24 April 2010.