The Register for Registrable Controllers is a document that lists all controllers and beneficial owners of a company. A controller is an individual or an entity that has significant interest or significant control over the company.
Significant interest is determined as an individual or an entity that:
- holds 25 per cent or more of shares; or
- holds 25 per cent or more of the total voting rights; or
- has a right to 25 per cent or more of the total capital or profits in a company without share capital.
Significant control is determined as an individual or an entity that:
- can appoint or remove directors with a majority of voting rights; or
- holds more than 25 per cent of the total voting rights; or
- has significant influence or control over the company.
For controllers who are individuals, the required information includes:
- Full name;
- Aliases, if any;
- Residential address;
- Nationality;
- Identity card number or passport number;
- Date of birth;
- Date on which the registrable individual controller became an individual controller of the company or foreign company (as the case may be); and
- Date on which the registrable individual controller ceased to be an individual controller of the company or foreign company (as the case may be)
For controllers that are corporate entities; the prescribed particulars include:
- Name;
- Unique entity number issued by the Registrar, if any;
- Address of registered office;
- Legal form of the registrable corporate controller;
- Jurisdiction where, and statute under which, the registrable controller is formed of incorporated;
- Name of corporate entity register of the jurisdiction in which the registrable corporate controller is formed or incorporated, if applicable;
- Identification number or registration number of the registrable corporate controller on the corporate entity register of the jurisdiction where the registrable corporate controller is formed or incorporated, if applicable;
- Date on which the registrable corporate controller became a corporate controller of the company or foreign company (as the case may be); and
- Date on which the registrable corporate controller ceased to be a corporate controller of the company or foreign company (as the case may be)
Every Singapore company and Limited Liability Partnership will be required to maintain a Register for Registrable Controllers unless exempted.
These are the types of entities that are exempt:
- Public companies and LLPs listed on approved Singapore exchanges and abroad;
- Financial institutions;
- Government-owned companies and LLPs;
- LLPs where all partners are exempted;
- Subsidiaries of the exempted companies.
When in doubt, seek legal advice or consult an experienced ACRA Filing Agent.
Yours Sincerely,
The editorial team at Acra Filing Agent
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