By Boo Kok Chuon It was reported in the news yesterday, that local celebrity, Edmund Chen, sold his NFT painting at a whopping $53,000. Though this appears to be quite a fortune for many of us commoners, it is as a matter of fact, just a tiny-weenie achievement when compared to the NFT issued by […]
By Peter Ong Lip Cheng and Boo Kok Chuon In light of the recent publication of harassment by debt collectors faced by politician, Lim Tean, one may wonder if debt collection agencies enjoy certain powers or privileges. It is a myth that debt collection agencies are “licensed” to conduct acts of harassments, they are in […]
Your investment strategy should be based on an understanding of market fundamentals, the long-term outlook and your age, says Patrick Chang. Source: https://www.channelnewsasia.com/news/commentary/investing-retirement-singapore-best-strategies-tips-by-age-covid-14145108 SINGAPORE: For every Singaporean senior looking forward to saving enough to enjoy retirement, the COVID-19 pandemic has been a rude awakening. COVID-19 has upended entire industries and created uncertainty for many jobs. […]
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By Boo Kok Chuon and Chan Mei Lee Over the past one year, we have advised and saved no lesser than five clients, who almost fell victim in financing schemes related to SBLC that turned out to be fraudulent in nature. Over the past one week, we received an enquiry from a long-time friend and […]
By Boo Kok Chuon Share capital of a company may be altered subjected to certain conditions as provided in the Companies Act and the Companies’ articles or constitutions. In the current context, let us examine how companies can reduce their share capital. In general, there are 2 types of share capital: Paid-up share capital; and […]
Overview All Singapore companies are required to appoint a company secretary within 6 months from the date of its incorporation. The secretary must be a Singapore resident, and the position should not be left vacant for more than 6 months at any time. Directors of the company can serve as the role of the secretary. […]
By Boo Kok Chuon I still vividly remember 10 years back, when I was an economics student, I had been struggling with the grasping of the abstract idea of the liquidity trap in Introduction to Economics. Ironically, when I progressed into my final year, this turned out to be my favourite topic for the Monetary […]
By Boo Kok Chuon Registered Office All companies are required to have their registered office addresses in Singapore. The registered office address is for the purpose of receiving any notices, mails or documents. It is also the default address where official documents can be served upon, the location where official records and documents of the […]
By Boo Kok Chuon If a person is disqualified to hold the office of a director, participation in the management of any company is prohibited unless consent is obtained from the Court or the Official Assignee (if applicable). A person could be deemed disqualified under the following circumstances: Bankruptcy; Directorship in an insolvent company; Conviction […]