Business Encyclopedia

A

Accounting and Corporate Regulatory Authority (ACRA)
Audited Financial Statement
Annual General Meeting (AGM)
Annual Report (AR)
Articles of Association
Apostille

B

BizFile
Business Grants Portal
Business Profile

C

Central Provident Fund (CPF)
Certificate Of Residence (COR)
Common Reporting Standard
Common Seal
Companies Act (Cap. 50)
Company Constitution
Company Secretary
Company Stamp
CorpPass

D

Dependant’s Pass
Directors’ Resolution in Writing (DRIW)
Dividend
Dormant Company
Double Taxation Agreement (DTA)
Due Diligence

E

Electronic Register of Members (eROM)
Employment Pass (EP)
EntrePass
Enterprise Development Grant (EDG)
Estimated Chargeable Income (ECI)
Exempt Private Company (EPC)

F

Financial Year End (FYE)
Form C-S/ C
Form C-S (Lite)
Fund Accounting

G

Goods and Services Tax (GST)

H

Hedge Fund

I

Import/Export License
Income Tax
Initial Public Offering (IPO)
Inland Revenue Authority of Singapore (IRAS)
Intellectual Property Office of Singapore (IPOS)
Interim Dividend
IR21 Form

J

K

Know Your Customer (KYC)
Knowledge Capital

L

Letter of Consent (LOC)
Limited Liability Company (LLC)
Limited Liability Partnership (LLP)
Limited Partnership (LP)
Liquidation (Court Order/Compulsory)
Liquidation (Voluntary)
Long Term Visit Pass (LTVP)

M

Ministry of Manpower (MOM)
MTI

N

Nominee Director
Nominee Shareholder
National Registration Identity Card (NIRC)

O

P

Partnership
Personal Data Protection Act (PDPA)
Personalised Employment Pass (PEP)
Private limited company
Productivity Solutions Grant (PSG)
Permanent Resident (PR)

Q

Quickbook Accounting

R

Register of Charges
Register of Nominee Director
Register of Registrable Controllers (RORC)
Registered Office Address

S

S Pass
Share
Small Company
Sole Proprietor
Special Employment Credit
Sponsored Employment Pass
Striking Off

T

Trademark
Temporary Bridging Loan
Temporary Employment Credit (TEC)

U

UEN
Unaudited financial statement
Undischarged Bankrupt

V

Variable Capital Company (VCC)
Venture Capitalist (VC)

W

Wage Credit Scheme
Withholding Tax (Section 45)

X

XBRL
Xero

Y

Year of Assessment (YA)

Z

Zero Rated Supplies
Zero-rised Financial Statement

Register of Registrable Controllers (RORC)

Register of Registrable Controllers (RORC) is a corporate document containing information on the entities’ controllers, also known as beneficial owners.

According to ACRA, all companies (including foreign companies) and LLP are required to maintain a RORC in the registered office address, unless they are exempted to do so. Failure to do so may result in a penalty of a fine of up to $5000 upon conviction.

Controllers’ information in the RORC include:

For individuals

  • full name;
  • aliases, if any;
  • date of birth
  • residential address;
  • identity card number or passport number;
  • nationality;
  • date of becoming a controller; and
  • date of cessation as a controller, if applicable.

For corporate entities

  • company name;
  • unique entity number, if any;
  • registered office address;
  • the legal form of the corporate controller;
  • the jurisdiction where the corporate controller is formed of incorporated and under which law;
  • name of authority in which the corporate controller is formed or incorporated, if applicable;
  • identification number or registration number issued to the corporate controller when it was formed or incorporated, if applicable;
  • date of becoming a controller; and
  • date of cessation as a controller, if applicable.

Should there be any changes, updates to the RORC must be made:

  • within 2 business days upon confirmation of the particulars; or
  • within 2 business days after the end of 30 days upon the date on which the notice is sent to the registrable controller by the company.

RORC