TaxSavvySG

Shareholder change before AR

We transferred shares this year. Does AR show it?

The situation

Share transfers must be lodged with ACRA when they happen. The AR then shows the updated register.

The law

  • Sec 197, Companies Act 1967: Annual return filed within 7 months after financial year end

What it means for you

Stamp duty may be due on share transfers. Update the register of controllers too. Mismatches delay the AR. Stamp duty on share transfers is paid to IRAS within the set time after the transfer document is signed. A wrong register delays the annual return and can mislead banks doing checks.

What to do

  1. Lodge the transfer.
  2. Pay stamp duty.
  3. Update RORC.
  4. File AR.

We can do this for youAGM and annual return filing: SGD 700

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