Can agreed paid up amount NOT deposit into company account ?

Client situation To tender a project, especially one related to social responsibility such as a playground or hawker centre, your company’s financial status must be strong and it can significantly enhance your bid. Mr. Ravi’s company needed to increase its share capital to $1 million, requiring an additional $500,000 in new paid-up capital. To secure
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Payment method for director

Being appointed company director , does not means you can withdrawn money from company bank account at anytime you want. Payment for director is recognized as Company expense . And Company revenue will be affected after deduction of company expense. So it is important to find out how to structure and plan for payment to
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Shareholder vs member

The terms shareholders and members are commonly used as synonyms. By received copy of share certificate DOES NOT means that you are officially knowns as member of the Company. Definition of Shareholder : Shareholder refer to someone who own company share . However shareholder does not means is the member of the company . Definition
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Why ACRA reject Company name application

Right business name is important for company image. Company name will show the following information : principal activities (consist of wording like import & export, trading, fishing) Company structure (consist of wording holding means this company owned subsidiary company) Although management is allowed to change company name but UEN number will remain the same .Reason
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How to decide Date of Incorporation

You may need certain degree of courage to start entrepreneur journey. First you need to decide When is the best time to register the company. We all living in digital world now, and company registration can be done anytime from any part of the world. Just click on www.bizfile.gov.sg So, you have 100% control on date
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How shareholder getting return from Company

Company is running by appointed company director. And shareholder is the one who willing to invest fund to have the company operate. Director is getting remuneration for their services, how about shareholder ? How they getting return from their investment fund? How company distribute return to its shareholder? A) Dividend Payment Dividend is the accumulated
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