Frequently Asked Questions
- Question: Why is backdating the date of transfer/date of allotment not allowed?
Answer: For private companies, a share transfer or allotment only takes effect once 麻豆社区鈥檚 electronic register of members (EROM) is updated upon filing. Therefore, backdating is not allowed to ensure accuracy and legal compliance.
- Question: How do I increase the shares capital?
Answer: To update paid-up share capital, file a Notice to update paid-up share capital. To increase the number of shares, issued shares, and paid-up shares, file a Return of Allotment of Shares. Refer to the Companies Act or seek professional advice if unsure.
- Question: How to add or remove shareholder?
Answer: Company can add shareholder during registration of the entity or file a Return of Allotment after incorporation. To remove a shareholder, company can file a Transfer of Shares or a Reduction of Share Capital. For complex situations, consult the Companies Act or seek professional advice.
- Question: How do I check my current shareholder/shareholdings?
Answer: You may view shareholder information on BizFile under the entity information section. Alternatively, you can download a free Register of Members or purchase the Business Profile which includes shareholding details.
- Question: Any documents required for any of the share鈥檚 transactions?
Answer: Yes. Depending on the transaction, you may need documents such as resolutions on the conversion, alteration or reduction. Please refer to the BizFile eguides (link ) or seek professional advice if unsure.