The Company Constitution is a key legal requirement in the incorporation process of a company in Singapore. As a new business owner, it’s important to understand the Company Constitution, as you must submit it during the incorporation process.

Being well-versed in the Constitution, staying informed, and adhering to Singapore’s regulations will help ensure that your company remains compliant and avoids legal issues.

A Company Constitution is a legal document that governs a company’s structure and operations in Singapore. It outlines the relationships between the company, its members, directors, and company secretary, ensuring alignment with Singapore’s corporate governance standards. The Constitution is part of Singapore’s initiative to remain a top choice for business setup and operations.

Under Singapore’s Companies Act, companies must comply with specific legal requirements. The Act was revised in 2015, and the Accounting and Corporate Regulatory Authority (ACRA) introduced a Model Constitution for companies. Since January 3, 2016, it has been mandatory for all newly incorporated companies to have a Constitution.

For companies established after this date, the Constitution must include the following details:

• The company’s name and type of business

• The liability of its members

• The capital structure of the company

• The company’s main purpose and operational framework

• The rights and duties of the directors

Save the hassle of reading and the administrative work, contact us today to support you on this task!