Operating a business in Singapore comes with numerous legal obligations, especially when it comes to compliance with the Accounting and Corporate Regulatory Authority (ACRA). For many small to medium enterprises, navigating these requirements can be overwhelming, and mistakes often lead to penalties, fines, or worse—company strike-offs. That’s why working with a reliable Corporate Secretary in Singapore is essential.
In this article, we highlight the most common ACRA compliance mistakes and explain how Corporate Secretarial Services help businesses remain compliant and focused on growth.
Overview
- Late or Missed Annual Return Filings
- Failure to Hold Annual General Meetings (AGMs)
- Inaccurate or Outdated Statutory Registers
- Non-Compliance with Director and Shareholder Requirements
- How MP CorpSec Prevents Compliance Mistakes
- Conclusion: Stay Ahead of Compliance Issues with the Right CorpSec Partner
Late or Missed Annual Return Filings
One of the most common issues is failing to file annual returns on time. Under ACRA regulations, private limited companies must file their Annual Returns (AR) within 7 months after their financial year-end.
Mistake: Business owners often forget or delay these filings.
Solution: A professional Corporate Secretarial Services Singapore provider keeps track of all deadlines and ensures timely submission.
Failure to Hold Annual General Meetings (AGMs)
Unless exempted, Singapore-incorporated companies must hold an AGM within 6 months after the financial year-end.
Mistake: Many businesses do not prepare properly for AGMs or misunderstand their legal obligations.
Solution: A Corporate Secretarial partner will manage meeting logistics, documentation, and ensure compliance with all AGM requirements.
Inaccurate or Outdated Statutory Registers
Every company must maintain accurate records of shareholders, directors, and company resolutions.
Mistake: Changes in ownership or directorships are not always updated in statutory registers.
Solution: Corporate Secretary help maintain and update all records promptly, ensuring everything is audit-ready.
Non-Compliance with Director and Shareholder Requirements
Singapore law requires at least one local director and a local registered address. Any changes must be promptly reported to ACRA.
Mistake: Delayed updates on director resignations or registered office changes.
Solution: A dedicated corporate secretary ensures real-time updates are made and reported.
How MP Corpsec Prevents Compliance Mistakes
MP CorpSec offers full-spectrum Corporate Secretarial Services , including:
Real-time deadline tracking
Document preparation and filing
AGM planning and minutes recording
Compliance advisory based on ACRA updates
Our proactive approach means you can focus on your core business while we handle the regulatory landscape.
Conclusion: Stay Ahead of Compliance Issues with the Right Corporate Secretarial Partner
Avoiding these common ACRA compliance mistakes starts with choosing the right partner. MP Corpsec ensures your business is always a step ahead, helping you stay compliant, efficient, and penalty-free.
Contact us today to learn how our Corporate Secretarial Services can support your business.