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  Highlights Of Companies (Amendments) Act - 2004  
 
 

One Shareholder / One Companies - Section 20A-145

With effect from 1 April 2004 , a private limited company can have One Director and One Shareholder .

A Director who must be “Ordinarily Resident in Singapore” i.e. a Singapore Citizen, a Singapore Permanent Resident, a person who has been issued an Employment Pass/Approval-In-Principle letter/Dependant’s Pass. Any person above the age of 21 years may be appointed as a director.

A foreigner who wishes to act as a local director of a company can apply for an Employment Pass/Approval-In-Principle letter from the Employment Pass Department of the Ministry of Manpower (MOM).

 

 

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