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On August 8, 2025, the United States may impose secondary sanctions against Russia. This is reported by Reuters, citing sources in the White House. “The Russians are eager to continue cooperating with the United States.
Transferring shares in a Singapore private company requires a clear understanding of legal procedures to ensure everything is done correctly. This comprehensive guide outlines the steps involved, key requirements, and the critical role of a company secret
Transferring shares in a Singapore private company requires a clear understanding of legal procedures to ensure everything is done correctly. This comprehensive guide outlines the steps involved, key requirements, and the critical role of a company secretary or corporate secretarial services. By leveraging insights from the Accounting and Corporate Regulatory Authority (ACRA) and legal experts, this article aims to simplify the process and help businesses avoid common pitfalls.
Step 1: Reaching an Agreement with the Buyer
The initial step involves negotiating terms with the buyer (transferee). Both parties must sign an Instrument of Transfer, a legal document that specifies the price, terms, and obligations. This document is essential for securing ACRA’s approval for the transfer.
Step 2: Obtaining Board Approval
Most companies require board approval before shares can be transferred. The company secretary typically drafts a resolution for the board, ensuring that the transfer aligns with the company’s internal regulations.
Step 3: Compiling Necessary Documents
Several critical documents are required:
Notice of Transfer: Notifies the company of the sale.
Share Certificate: Confirms the seller’s ownership of the shares.
Stamp Duty Payment: A tax levied by ACRA, calculated at 0.2% of the share value (minimum S$200). This payment must be made within 14 days to avoid penalties. A company secretary ensures that these documents are meticulously prepared to prevent delays.
Step 4: Updating ACRA Records
Once approval is obtained, updated shareholder details must be submitted to ACRA using Form 20. The company secretary manages this filing to ensure records are accurate and up-to-date.
The Role of a Company Secretary or Corporate Secretarial Services
Engaging a company secretary or corporate secretarial services is crucial for legal compliance. Their responsibilities include:
Document Verification: Ensuring forms like the Instrument of Transfer are correctly completed to avoid rejection by ACRA.
Tax Management: Assisting with timely stamp duty payments to prevent penalties.
Board Approval Facilitation: Drafting necessary documents for directors’ review and approval.
Without professional assistance, companies risk errors. For instance, in 2023, 30% of rejected filings were due to incomplete transfer forms—an issue that a company secretary could easily prevent.
Understanding Legal Obligations
Stamp Duty: This tax must be paid within 14 days. Late payments incur daily fines (4% of the duty amount).
Public Records: ACRA mandates updating shareholder lists within 14 days post-transfer. A company secretary ensures timely compliance.
Company Rules: Some companies have specific regulations (e.g., pre-emptive rights) that allow existing shareholders to purchase shares before they are sold to others. A company secretary verifies these rules to prevent conflicts.
Cost and Time Efficiency
Costs: While DIY transfers might seem cost-effective, errors can lead to fines or legal issues. Professional services range from S$800 to S$1,500, ultimately saving time and reducing risks.
Time: Professionals typically complete filings in 3–5 days, whereas untrained staff might take weeks.
A 2024 ACRA report revealed that 45% of DIY transfers experienced delays due to errors, underscoring the value of professional assistance.
Addressing Common Challenges
Valuation Discrepancies: A company secretary can involve experts to determine a fair share price.
Director Conflicts: If directors reject a transfer, the company secretary can propose solutions, such as reviewing shareholder agreements.
International Buyers: Non-resident buyers may require additional documentation (e.g., tax forms), which a company secretary can coordinate.
Conclusion
Transferring shares in Singapore demands meticulous attention to detail and legal expertise. By adhering to ACRA guidelines and collaborating with a company secretary or corporate secretarial services, businesses can:
Avoid fines and legal complications.
Save time with precise filings.
Facilitate seamless transitions for new shareholders.
Professional guidance is imperative for companies striving to maintain compliance and avoid costly mistakes.
Disclosure: This article is intended for general informational purposes. Please consult a legal expert for specific cases.
Each match in Retro Bowl only lasts a few minutes, but because of the competitiveness and desire to improve your squad, you can play for hours without realizing it.
I love this system, don't you, also given the way thing have been going I'd wager the Dems are going to sweep the midterms and 2028, so excited for that shit to come back in full force (well depending on how "legitimate" this democracy is lol)
Vice President JD Vance’s security detail had an Ohio river’s water level raised last weekend to accommodate a kayaking trip he and his family took for his 41st birthday.
#American Bandstand … So, pardon me for my disposition, wish I didn't have to sit and listen She's playin' the same old songs on the stereo … She's been lyin' since the day I met her, I'd be better off to just forget her Oh, I would rather be lonesome all alone Michael Johnson would be 81 youtu.be/HnKU9XGNEW4?si=cyLBhL…
The backlash against Minns over the Bridge protest has gone beyond angry words. Caucus members are planning a motion to endorse the right to protest. At the heart of this anger lies a deeper question:
State Labor's crackdown on protests and unwavering support for Israel raise deeper questions about the party's relationship with power and its democratic principles.
@FerdiMagellan Brisbane: Raymond Park, Kangaroo Point 1:00 pm - 3:00 pm On August 24th the Story Bridge will be shutdown for Palestine. Hobart: 10.30 am Sunday August 24 TAC - Crn Elizabeth and Patrick St. 11am march to Franklin Square @Tooden
Meanwhile, the National Socialist Network (Australian Nazis) held a march in Melbourne. Nobody noticed. Everyone's invited to their national conference and weightlifting competition this weekend in Bacchus Marsh. 😑 #AusPol #NationalSocialists
Over 50 anti-protest laws have been passed in the last 2 decades, with new threats to protest rights facing communities in almost every state and territory. That’s why Australian Democracy Network has been running a national campaign to protect protest.
#1980 Oh, but it just may be a lunatic you're looking for It's too late to fight It's too late to change me You may be wrong for all I know But you may be right "Liberty" DeVitto, American rock drummer (Billy Joel) is 75 youtu.be/Jo9t5XK0FhA?si=i80QUZ…
Billy Joel: And So It Goes OUT NOW on HBO Max.In 1980, Billy Joel released his album Glass Houses, which won one Grammy Award 'Best Male Pop Vocal Performanc...
This time, an early work by the man responsible for and influential in modern society's adoption of propaganda, advertising, and public opinion. Twitter: htt...
Looking at autoimmune disorders - in brief, treating the symptoms doesn't help.... Things that do help include - fixing the triggers like an allergy - good diet & sleep, less stress can help - sunlight & exercise help and so on.
I knew #cats could have their blood pressure taken, but it only just occurred me today to look up photos of it, and they are even better than I imagined.
Not only do they have tiny blood pressure cuffs, they can take their pressure either on their legs or on their TAILS‽
Rofl, I never expected it was possible with their tails. I feel like most cats would be pretty, well, not chill about that... The cat in the bottom right image sure doesn't have a single care to give though, rofl.
(I'm pretty sure bottom left kitty has decided that the humans have betrayed them though.)
I work in a veterinary clinic and can confirm that either the tail or legs can work (we always start by trying a leg). It should be noted that it can be difficult to get a good BP reading on a cat who is awake because it's typically a very stressful environment for them, which may falsely elevate results. White coat syndrome is almost universally true for kitties!
It wasn't until AFTER my cat went blind in 2018 that the vet told me it was "probably" from high blood pressure and that senior cats should routinely have their blood pressure checked. I've lived with cats and been servants of cats for over 40 years and that was the first I'd heard of it.
Please watch: "Getting Ready For WINTER!!!! Practical Advice For Your Homestead" https://www.youtube.com/watch?v=F-I2z2nd190 --~--Solar oven and solar cookin...
'At the centre of the resistance is the ETU, led by state secretary Troy Gray. He has publicly threatened to halt major infrastructure projects if hunting restrictions are introduced. The motive is political. Facing competition from the far right, the unions are weaponising cultural identity and positioning themselves as defenders of “access” against what they frame as green elitism. Their message to Labor is simple: side with us or lose working-class votes.'
At this year’s Electrical Trades Union Victorian branch delegates conference at the Melbourne Convention Centre, the message from the stage was “Work Hard, Rest Hard, Play Harder”.
The Victorian government has announced duck hunting will go ahead in 2024. In an announcement on Monday afternoon, state environment minister Steve Dimopoulos said this year’s season after describing it as a “legitimate activity’ amid parliamentary p…
Yes I guess I would like my leaders to believe in something. Yes I guess I'd like my leaders to do the right thing even if it is hard instead of the focus tested thing because they think it will make things easier. This is a fight; if it's a purity test to want a fighter, let's have purity tests.
I sense no appetite for a "works with fascists and billionaires" message. I sense a desperate thirst for a "fights fascists and billionaires" message. www.the-reframe.com/its/
Yes. Framing solidary as the divisive exclusionary thing is honestly crazy. Divisive from who? Standing very firmly on leaving nobody out isn't divisive. Solidarity isn't just practical (though it is practical) or good strategy (though it is good strategy). It's uniting. bsky.app/profile/cita... RE: bsky.app/profile/did:plc:5x3bg…
TEHRAN, Aug. 07 (MNA) – Master of Persian miniature painting Mahmoud Farshchian, celebrated for revolutionizing traditional Iranian art, has fallen into a coma while hospitalized in the United States.
The prime minister of Israel has told Fox News that his country intends to fully take control of Gaza to 'liberate the people from the awful terror of Hamas'. Plus, Trump's tariffs on more than 90 countries have begun. The post Israel intends to take…
>we're not the butt of the joke These women's reactions are making them the butt of the joke. They want to be paid just as much as the big name NBA players, but when play is disrupted they take it personally. Not very professional at all.
They threw dildos onto the field at NFL games, cursory glance shows it happened in 2016, 2017, and 2018. And it doesn't look like the NFL ever held any press conferences.
What a twat. Nobody is trying to sexualize these 7ft dikes. It's mockery. We're mocking stupid women for being stupid. We're mocking women for demanding money they didn't earn.
Yeah but has she even seen Sophie Cunningham? lol. Btw, it’s biology to sexually envision the opposite sex, let alone the sexy nurse, teacher, police officer, etc. Women financially envision men all the time, “Can he take care of me, can he provide for me, can I financially get what I need for me and the kids, etc.” To the extent it’s taken to remain ‘civilized’ is a social agreement. To me this is a reaction to women running everything and demanding we see no difference. It’s appropriate.
Please normalize "Marm Strong" in your everyday insults, and use it creatively in naming ppl after famous celebs with the last name Armstrong depending on the situation:
"Guardian investigation into the 72-hour attack by the paramilitary Rapid Support Forces (RSF) on North Darfur’s Zamzam camp, the country’s largest for people displaced by the war, found repeated testimony of mass executions and large-scale abductions. Hundreds of civilians remain unaccounted for"
Provided to YouTube by Beggars Group Digital Ltd.The Host of Seraphim (Remastered) · Dead Can DanceThe Serpent's Egg℗ 2007 4AD LtdReleased on: 1988-10-24Asso...
STINGING INSECTS This is the time of year when wasps, yellow jackets, bumble bees and hornets become pests. What to do about them? [NOTICE: Never spray wasp and hornet killer inside the house (the stuff that shoots a 20' stream).
![Anthony Scalise @esilacSynohtnA · Aug 6
‘MARCH FOR AUSTRALIA’ in every city at 12pm on the 31st of August.
More details soon.
Enough is enough.
Australia for Australians!
[Australian flag][clenched fist]
[still from TikTok of Sydney Opera House, overlain with the words '12pm the 31st of August']](https://friendica.eskimo.com/photo/preview/640/8382698 "Anthony Scalise @esilacSynohtnA · Aug 6
‘MARCH FOR AUSTRALIA’ in every city at 12pm on the 31st of August.
More details soon.
Enough is enough.
Australia for Australians!
[Australian flag][clenched fist]
[still from TikTok of Sydney Opera House, overlain with the words '12pm the 31st of August']")
![[poster]
NATIONWIDE
MARCH FOR
PALESTINE
PERTH SYDNEY ADELAIDE
CANBERRA MELBOURNE
Join hundreds of thousands of people across Australia to
condemn Israel's crimes. Stop the starvation. Stop the
genocide. Stop weapons sales to Israel. Sanctions now.
STAY TUNED FOR MORE DETAILS!
SUNDAY
24 AUGUST](https://friendica.eskimo.com/photo/preview/640/8382700 "[poster]
NATIONWIDE
MARCH FOR
PALESTINE
PERTH SYDNEY ADELAIDE
CANBERRA MELBOURNE
Join hundreds of thousands of people across Australia to
condemn Israel's crimes. Stop the starvation. Stop the
genocide. Stop weapons sales to Israel. Sanctions now.
STAY TUNED FOR MORE DETAILS!
SUNDAY
24 AUGUST")
![[poster]
NATIONWIDE
MARCH FOR
PALESTINE
PERTH MELBOURNE CANBERRA SYDNEY ADELAIDE BRISBANE HOBART
Join hundreds of thousands of people across Australia to
condemn Israel's crimes. Stop the starvation. Stop the
genocide. Stop weapons sales to Israel. Sanctions now.
SUNDAY
24 AUGUST](https://friendica.eskimo.com/photo/preview/640/8529610 "[poster]
NATIONWIDE
MARCH FOR
PALESTINE
PERTH MELBOURNE CANBERRA SYDNEY ADELAIDE BRISBANE HOBART
Join hundreds of thousands of people across Australia to
condemn Israel's crimes. Stop the starvation. Stop the
genocide. Stop weapons sales to Israel. Sanctions now.
SUNDAY
24 AUGUST")
relentless_eduardo
in reply to Ralf Neumaier • • •after it fails they claim the mandates were voluntary