WHAT IF YOU LATE FOR ANNUAL GENERAL MEETING Annual Return vs Annual General Meeting (AGM) Composition Fine vs Late Lodgement Fees Notice from ACRA Summon from Court Warrant Arrest from Court Application extension of time

Annual General Meeting (AGM) vs Annual Return Filing  AGM is the meeting must held annually by all Pte Ltd Company to approve the financial year end report  Report must be presented during the AGM ANNUAL RETURN (AR ) FILING After held of AGM, Company need to declare with ACRA via AR filing

Composition Fine/ Late filing fees What if late for AGM ? Every Pte Ltd Company must have year end . ( Please click here How to fixed year end for more detail ) Example : Year end Fixed : 31 March 2018 Due date under section 201 : 30 September 2018 Due date under section 175 : 30 November 2018 Only lodge in on 31 January 2019 Section Composition Fine/ Late filing fees 201 S$300 175 197 iii

Composition Fine vs Late Lodgement Fees Composition sum is based on breach per section . LATE LODGEMENT FEES Late Lodgement Fees will be imposed at the lodgement time .

Composition Fine vs Late Lodgement Fees

Requested to attend Court Hearing Notice From ACRA Received notice and is offered to pay compound fine of S$600 per breach section Stage 1 : Action from ACRA NO action is taken Requested to attend Court Hearing

ACTION TAKEN BY COURT Court Summon and 3 option given : Stage 2 : Action from Court Plead GUILTY to the Charges Claim Trial Seek an adjournment NO Action Taken from Director

ISSUED WARRANT OF ARREST Not attend the Court Stage 3 : Issued Warrant of Arrest Issue of Warrant of Arrest ACRA offer Compound of Composition Fine S$900 per section Cancel of Warrant of Arrest

How much to pay for extension of time ? 30 days S$200 per section OR 60 days S$200 per section ** You are given option to apply for 30 days OR 60 days ** Total number of extension of time is 60 days ** You may proceed to another 30 days extension of time if your 1st extension time (30 days) is due

Relevant News link All You AGM question answered here What is AGM New Annual Return filing penalties

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