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COVID-19: ACRA extends deadlines for AGMs, filing of annual returns

·Editorial Team
·2-min read
SINGAPORE, SINGAPORE - APRIL 6: Office workers wearing protective face masks carry their belongings on their way home from the financial district on April 6, 2020 in Singapore, a day before a 'circuit breaker' takes effect. The Singapore government will close all schools and most workplaces and limit social interactions and movement outside homes for at least a month to stem the spike in local coronavirus cases.(Photo by Ore Huiying/Getty Images)
Office workers in the financial district on April 6, 2020 in Singapore, a day before a 'circuit breaker' takes effect. (PHOTO: Ore Huiying/Getty Images)

SINGAPORE — Due to the coronavirus crisis, the Accounting and Corporate Regulatory Authority (ACRA) will extend deadlines for the holding of Annual General Meetings (AGMs) and filing of annual returns.

The ACRA will grant a 60-day extension for all listed and non-listed companies whose AGMS are due during the period of 16 April to 31 July, it said in a statement on Tuesday (7 April).

Companies that had previously been granted extension of time to hold their AGMs within this period will also be given a further 60 days of extension from the last date of extension.

The annual filing due dates of between 1 May and 31 August for all listed and non-listed companies will also be extended for 60 days. There is no need for these companies to apply for the extension with ACRA.

The ACRA said it will also not impose any penalties on listed and non-listed companies whose AGMs are due during the period of 1 April to 15 April if they hold the AGM within 60 days of the due date. Their annual returns filing due dates will also be extended for 60 days. There is no need for these companies to apply for the extension.

Similarly, SGX RegCo – in consultation with ACRA – will give extensions for listed companies with a 31 March financial year-end date to hold their AGMs by 29 September.

For companies that have AGM due dates that are beyond July 2020, ACRA will consider if there is a need to extend time at a later date.

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