It is important to know the roles and rights of a shareholder in Singapore
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Companies in Singapore treat their shareholders with utmost fairness and equity, allowing them to exercise their rights and enabling them to communicate their views on relevant matters that involve their respective companies. They provide shareholders a balanced, comprehensible, and complete assessment of the company’s position, performance, and prospects.
To be incorporated in Singapore, companies are required to have a minimum of $1 paid-up capital, one share, one shareholder, one local resident director, and a local registered address. The shares of a company in Singapore does not only designate company ownership, it also authorizes and appropriates the holder with rights, privileges, and responsibilities.
Regulations on shareholder rights and engagement in Singapore are governed both by statutory and non-statutory instruments as well as under common law. The Companies Act (CA) and the Securities and Futures Act (SFA) both comprise the core statutory framework and aptly supplemented by the Singapore Code of Corporate Governance 2012 (the Governance Code), the Listing Manual of the Singapore Exchange (the Listing Manual), and other non-statutory instruments.
Shareholder roles and responsibilities
Lastly, it’s worthy to note that unless restricted by the company constitution, shareholders can freely transfer shares provided a proper instrument of transfer has been delivered to the company. Stamp duty for the transfer of shares shall be paid to the Inland Revenue Authority of Singapore (IRAS) and the transfer of shares should thereafter be filed with the Accounting and Corporate Regulatory Authority (ACRA).