Changes to Company Details? How Your Company Secretary Handles ACRA Notifications

Running a company means change is inevitable — whether you’re appointing new directors, updating your registered office, or issuing new shares. In Singapore, even the smallest change in your company’s particulars must be reported to the Accounting and Corporate Regulatory Authority (ACRA).

That’s where your company secretary comes in. Handling ACRA notifications is part of their core responsibilities — ensuring your company stays compliant and avoids penalties for late or incorrect filings.

Here’s what every business owner needs to know about updating company details and how your company secretary ensures it’s done accurately and on time.

Why Reporting Changes to ACRA Matters

Under the Companies Act 1967, Singapore-registered companies must inform ACRA of certain changes within specific timelines. These updates are part of maintaining a transparent and compliant business environment.

Failure to notify ACRA promptly can lead to:

  • Late filing penalties
  • Fines under the Companies Act
  • Risk of being flagged for non-compliance, which may affect future business dealings, financing, or reputation

Common Changes That Must Be Reported

Type of Change Filing Deadline
Change of company name Within 14 days after resolution
Change of registered office address Within 14 days
Appointment/resignation of directors Within 14 days
Change in share capital (issuance/transfer) Within 14 days after allotment
Change in company constitution Within 14 days after resolution
Change in company officers’ particulars Within 14 days

All filings must be submitted through BizFile+, ACRA’s online filing portal.

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How Your Company Secretary Manages ACRA Notifications

A qualified company secretary ensures your company meets all reporting obligations. Here’s how they handle the process:

1. Monitoring for Trigger Events

Your secretary keeps track of any corporate changes — whether from board decisions, shareholder resolutions, or routine updates — and flags those requiring ACRA notification.

2. Preparing and Filing Documentation

They handle preparation of board resolutions, necessary supporting documents, and file accurate information through BizFile+ within the required timeline.

3. Ensuring Compliance with the Companies Act

Your secretary ensures all filings meet legal standards, helping you avoid common pitfalls such as missing deadlines or submitting incomplete information.

4. Maintaining Updated Statutory Registers

Beyond notifying ACRA, your company secretary updates your internal registers of directors, shareholders, and charges — a legal requirement.

5. Advising on Implications of Changes

They provide advice on the regulatory impact of proposed changes — for example, the implications of increasing share capital or removing a director — ensuring decisions are made with full understanding of compliance obligations.

The Risks of Delayed or Incorrect Filing

Non-compliance with ACRA’s filing requirements can result in:

  • Fines of up to S$5,000 per breach
  • Late filing penalties
  • Delays in transactions (e.g., bank approvals, grants, funding)
  • Reputational damage and loss of confidence from stakeholders

In some cases, directors can be held accountable for failure to comply — highlighting the importance of having a competent company secretary in place.

Summary

Changes in company details are part of business growth and development — but each change must be properly notified to ACRA. A reliable company secretary ensures that all updates are handled promptly, accurately, and in compliance with Singapore law.

This support allows you to focus on running your business, knowing your company remains in good standing with regulators.

Most trusted Corporate Secretarial Services in Singapore

Don’t let regulatory complexities impede your business growth. Counto’s elite corporate secretarial services are your strategic advantage for flawless compliance and governance in Singapore’s competitive business landscape. To learn more, speak to us directly on our chatbot, email [email protected], or use our  contact form to get started.

 

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