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

Shortening of the Extension of Time

Initiative:

  • The maximum period for application for extension of time for holding of AGM will be shortened from 3 months to 2 months. This is to encourage a timely filing and for the financial statements to be of value when tabled at AGM or filed with ACRA.

Launch date:

  • This initiative will be implemented on 1 July 2010.
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