The shareholders of a company are also known as the investor(s) or owner(s) of the company. They invest and hold shares in the company.
In Singapore, as mandated by the Accounting and Corporate Regulatory Authority (ACRA) and The Companies’ Act, all companies must appoint at least 1 shareholder, with at least 1 share and a minimum issued paid up capital of S$1.
Who can be a shareholder?
The shareholder of a company need not be a natural person. A company can also be appointed as a corporate shareholder of another company.
There is a limit of 50 shareholders in every private limited company. All information of the shareholders will appear on public records.
Must there be a local shareholder in the company?
In Singapore, there is no requirement of local shareholder. This means that the shares can be held by 100% local or foreign shareholders.
Can a shareholder be a director of the same company?
A shareholder of the company can also be appointed as the director of the company and vice versa. The company will be allowed to incorporate in Singapore as long as there is at least 1 director in the company who is considered a local. Click here for more information on company directors and requirements.
Duties of a Shareholder
Shareholders of a company are responsible for ensuring that the full price of the company’s shares have been paid for and they also have to ensure that they attend and participate in the general meetings of the company.
- Voting Rights
- Right to attend and call for meetings
- Rights to dividends
- Right to assets when winding up
- Right to be treated fairly
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