Q:
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What are the new requirements under the implementation of a Central ROC?
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A:
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With effect from 30 July 2020, in addition to keeping a RORC at their end, entities will have to lodge the same information in their RORC with Accounting and Corporate Regulatory Authority of Singapore (“ACRA”)’s central ROC.
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Q:
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What information must be lodged with ACRA?
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A:
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For controller who are individuals:
1.
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Full name;
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2.
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Aliases, if any;
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3.
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Residential address;
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4.
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Nationality;
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5.
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Identity card number or passport number;
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6.
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Date of birth;
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7.
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Date of becoming a controller; and
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8.
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Date of cessation as a controller, if applicable.
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For controller who are corporate entities:
1.
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Name;
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2.
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Unique entity number, if any;
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3.
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Address of registered office;
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4.
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Legal form of the corporate controller, if applicable;
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5.
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Jurisdiction where the corporate controller is formed of incorporated and under which law, if applicable;
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6.
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Name of authority in which the corporate controller is formed or incorporated, if applicable;
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7.
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Identification number or registration number issued to the corporate controller when it was formed or incorporated, if applicable;
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8.
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Date of becoming a controller; and
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9.
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Date of cessation as a controller, if applicable.
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Q:
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How can the entities lodge the information with ACRA?
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A:
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The entities can instruct and authorise the Registered Filing Agent to perform this lodgement for them with ACRA. Alternatively, they can lodge the RORC information on their own as a position holder (i.e. directors and secretaries of company/partners and managers of LLPs).
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Q:
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When is the deadline to lodge the RORC information with ACRA?
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A:
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The deadline for entities to lodge the RORC information with ACRA is on 31 March 2021.
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Q:
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What should the entities do if there are subsequent changes to their RORC information?
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A:
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If there is any update to the controllers’ information, entities must lodge the change with ACRA within two (2) business days after updating the information on their RORC at their end.
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Q:
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What is the penalty for failing to lodge a RORC information with ACRA?
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A:
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The maximum penalty for non-compliance is S$5,000.00. This is similar to the existing penalty if companies fail to file annual returns.
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FAQ
