Updating Register of Registrable Controllers (RORC) in Singapore

1. Information Required for Individual Controllers

• Full Name
• Aliases (if any)
• Residential Address
• Nationality
• Identification Card Number or Passport Number
• Date of Birth
• Date the individual became a controller of the company
• Date the individual ceased to be a controller (if applicable)

2. Information Required for Corporate Controllers

• Name of the entity
• Unique Entity Number (if provided by the Registrar)
• Registered office address
• Legal form of the entity
• Jurisdiction and statute of incorporation
• Name of the corporate entity register (if applicable)
• Identification or registration number in the jurisdiction of incorporation (if applicable)
• Date the entity became a corporate controller of the company
• Date the entity ceased to be a corporate controller (if applicable)

3. RORC Requirements

‍Since 31 March 2017, entities such as companies, foreign companies, and limited liability partnerships are mandated to maintain a RORC. This register should be kept either at their registered office address or at the office of their authorized filing agent. Effective from 30 July 2020, in addition to maintaining a RORC, entities are also required to lodge the same information with ACRA's central register within 2 business days after setting up the RORC or after any updates to it.

4. Lodging RORC with ACRA

‍Entities can lodge the RORC information with ACRA by following these steps:

• Visit the ACRA website
• Navigate to 'eServices' > 'Others' > 'Update Register of Registrable Controller'
• Choose between 'Bulk Upload' or 'Individual Upload'
• For 'Bulk Upload': Upload the excel file, verify records, and submit. Results will be emailed the next day.
• For 'Individual Upload': Select if the entity is exempted from RORC requirements. If not exempted, add the controller details (either 'Corporate' or 'Individual'). Once all details are added, submit and confirm on the preview page.

5. Penalties for Non-compliance

‍Entities that fail to maintain and update the RORC with ACRA can face prosecution. Offenders may be fined up to $5,000 upon conviction.

For a comprehensive understanding and to access specific forms or details, it's recommended to visit the official ACRA website. Proper maintenance of the RORC ensures transparency and compliance with Singapore's regulatory framework.

Conclusion

Staying on top of your RORC is not optional for Singapore entities; it's a must. By following this detailed guide, you will be well on your way to ensuring total compliance, avoiding potentially crippling penalties, and fostering a culture of transparency. Let the updating begin!