The Corporate Secretary’s Role in ACRA Compliance for 2025

17 March 2025

Editor: ET

A corporate secretary plays a vital role in ensuring ACRA compliance in 2025.

In Singapore, corporate compliance is crucial for maintaining a transparent and well-regulated business environment. The Accounting and Corporate Regulatory Authority (ACRA) enforces stringent compliance requirements for companies, making the role of a corporate secretary indispensable.

As we enter 2025, businesses must stay ahead of regulatory changes and ensure they meet ACRA’s latest standards.

Further Reading: Updating Shareholder Particulars in Singapore: A Guide for Businesses

Why a Corporate Secretary is Essential for ACRA Compliance

A corporate secretary in Singapore is more than just an administrative role. They are responsible for ensuring that the company adheres to the Companies Act and fulfills all statutory obligations. Some key responsibilities include:

• Annual Return Filing: Companies must file annual returns with ACRA within stipulated deadlines to avoid penalties. A corporate secretary ensures timely and accurate submissions.

• AGM Compliance: Private limited companies may be required to hold Annual General Meetings (AGMs) and maintain proper records of resolutions.

• Updating ACRA on Business Changes: Any changes in directorship, shareholding, or company details must be promptly reported to ACRA through proper documentation.

• Maintaining Statutory Registers: Proper record-keeping, including registers of directors, shareholders, and secretaries, is essential for regulatory compliance.

• Ensuring Regulatory Updates: ACRA frequently updates its guidelines, and a corporate secretary plays a crucial role in keeping businesses informed and compliant.

Key ACRA Compliance Changes for 2025

As business regulations evolve, here are some anticipated areas of focus for 2025:

1. Stricter Financial Reporting Standards – Companies must ensure that their XBRL financial statements align with ACRA’s updated requirements.

2. Enhanced Transparency Regulations – More stringent guidelines on corporate governance and beneficial ownership disclosures may be enforced.

3. Digital Compliance Processes – Increased reliance on digital filings, requiring companies to adopt secure and updated compliance software.

How Businesses Can Stay Compliant in 2025

• Engage a Qualified Corporate Secretary: Outsourcing to a professional firm like Expede Tech PTE LTDensures accurate compliance management.

• Stay Updated on ACRA Regulations: Regularly monitor ACRA’s announcements and industry updates.

• Automate Compliance Processes: Use digital solutions to track filing deadlines and regulatory changes.

• Train Internal Teams: Educate employees on evolving corporate governance requirements.

By proactively managing compliance, businesses can avoid fines, maintain their good standing, and enhance their corporate reputation in Singapore.

Further Reading: Why Outsourcing Accounting is Key for SMEs in 2025

A corporate secretary plays a vital role in ensuring ACRA compliance in 2025. From regulatory filings to governance best practices, their expertise safeguards businesses from compliance risks. Engaging a knowledgeable corporate secretary is a strategic investment for companies looking to thrive in Singapore’s business landscape.