Case and status
ACRA and IRAS took action involving director Eddie Teoh Siah Hai and companies linked to him. Teoh received S$16,800 fines on 14 Companies Act counts for AGM and annual-return failures concerning 16 companies; 32 further counts were considered. He was also disqualified from directorships.
Facts, amounts and outcome
Four companies failed to submit YA 2017 corporate returns: Good Technology Software, Palmali International Singapore and BPE-Clyde received S$400 fines each; Britt Worldwide received S$500. The release explains why AGM and annual-return obligations support shareholders and public information, and that loss-making companies also have filing duties. The November/December filing dates and legal limits stated in this 2018 release are historical, not a current deadline calendar.
Official source
This report is independently written from the IRAS release dated above. Case status, policy announcements and historical figures refer to that release.
Read the complete IRAS release ↗