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A company director plays a vital role in overseeing the affairs of a company. Under the Companies Act 1967 of Singapore, directors owe statutory duties and legal obligations designed to promote sound corporate governance and defend the interests of the company and its stakeholders.
All of the companies, foreign companies and Limited liability partnerships (unless exempted) will be required to maintain a private RORC and file with the ACRA within the stipulated timeline. This requirement applies even if your business is dormant or undergoing winding up, striking off, receivership, or judicial management.