Rikvin details the authority with the Accounting and Corporate Regulatory Authority (ACRA), the Singapore company registrar which regulates business entities and public accountants in Singapore. ACRA also plays a significant role in managing the progress of the creation of business entities and also the profession with the public accountancy.
Rikvin emphasized the mission of ACRA which is to provide a responsive and trusted regulatory environment for businesses and public accountants. ACRA’s role is to achieve synergies between your monitoring of corporate compliance with disclosure requirements and regulation of public accountants performing statutory audit.
The fundamental considerations in starting a Singapore company were outlined by Rikvin in compliance with ACRA’s business qualifications.
It states that business applicants need to be at least 18 years old, business applicants should have no history of bankruptcy. Permission from High Court or Official Assignee is necessary for those who have bankruptcy records and about to incorporate an organization in Singapore. Additionally, the qualifications stipulated on Sections 149, 149A or 154 from the Companies Act should be met and EntrePass in the Ministry of Manpower (MOM) should be secured if you intend being actively involved with overseeing their operations.
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Source: http://shayne.articlealley.com/rikvin-abide-by-the-authority-of-singapore-company-registrar-1794718.html