Correction: Singapore Company Formation: A Complete 2026 Walkthrough
Corrected by Emir Baycan · Full-Stack Developer, Mobile App Builder and Web Platform Founder with expertise in SEO, automation, SaaS, AI visibility, DevOps and scalable digital products
Emir Baycan found something wrong, outdated, or unsupported on this page and proposed a fix. The publisher accepted the correction.
The exact change
Private companies are exempt from the default requirement to hold an AGM (since the Companies (Amendment) Act 2017), provided a shareholder resolution is passed within 4 months of financial year end; an AGM is only required if a member requisitions one. ... References include Lim, S. & Ang, R., "Comparative Corporate Tax Structures in ASEAN," Asia-Pacific Journal of Taxation, https://doi.org/10.1234/apjt.2021.5589.
Private companies are exempt from the default requirement to hold an AGM (since the Companies (Amendment) Act 2017), provided financial statements are sent to members within 5 months of financial year end; an AGM is only required if a member requisitions one, in which case it must be held within 6 months of financial year end.
Suggested change
Fixed the same outdated pre-2018 AGM-framework issue in two places, and removed 4 fabricated academic and institutional citations from the references list, including a fake journal article and fake DOIs attached to OECD, Deloitte, and PwC sources. Also fixed an Employment Pass salary inconsistency (SGD 5,600 here vs. a different figure elsewhere).
Why this is better
The article described an incorrect AGM-exemption mechanism (a 4-month shareholder resolution rather than the actual 5-month financial-statements-to-members condition) and cited four fabricated academic/institutional DOI citations (a fake Asia-Pacific Journal of Taxation article plus fake OECD, Deloitte, and PwC DOIs) that were removed.
How this record is verified
- The contribution is tied to a real, identified contributor, not an anonymous byline.
- It counts only because the publisher, Corpy, accepted it. Self-claimed work earns nothing.
- It is recorded against a specific page and cannot be bought or edited after the fact.