by The Raffles Corporate Services Editorial Team | Jun 24, 2026 | Corp Sec Library, Running Your Company
If your Singapore private company is helping a shareholder, director, or third party buy its own shares — even indirectly — you may be breaching section 76 of the Companies Act 1967, the long-standing prohibition on financial assistance. The prohibition is broad,...
by The Raffles Corporate Services Editorial Team | Jun 24, 2026 | Corp Sec Library, Running Your Company
Most directors think of share capital as fixed. It isn’t. A Singapore private company can lawfully return capital to shareholders, cancel unused shares, or wipe out accumulated losses by reducing its issued share capital under sections 78A to 78K of the...
by The Raffles Corporate Services Editorial Team | Jun 23, 2026 | Corp Sec Library, Running Your Company
Section 156 of the Singapore Companies Act 1967 is the cornerstone provision on directors’ disclosure of interests. Whenever a director has a personal interest in a transaction or proposed transaction with the company — whether through ownership, family...
by The Raffles Corporate Services Editorial Team | Jun 23, 2026 | Corp Sec Library, Running Your Company
The statutory derivative action under Section 216A of the Singapore Companies Act 1967 only works if there is someone who can use it. A board that has wronged its own company will not sue itself. The Companies Act therefore defines a category of persons —...
by The Raffles Corporate Services Editorial Team | Jun 23, 2026 | Corp Sec Library, Running Your Company
When a Singapore company’s directors have caused loss or damage to the company — through breach of fiduciary duty, misappropriation, conflict of interest or negligence — and the directors themselves control the board, the company will not sue itself to recover...
by The Raffles Corporate Services Editorial Team | Jun 23, 2026 | Corp Sec Library, Running Your Company
Drag-along and tag-along rights are two of the most consequential clauses in any Singapore shareholders’ agreement. They govern how shares move on a future exit — and get them wrong and you either lock a willing buyer out of an attractive minority block (no...
