© Copyright Esol link
You may hear the term, ‘Dividend Declaration’ when your company earns a handsome profit. What does declaring a dividend mean? Does every company need to pay dividends to its shareholders? What impact does it have on my share value?
This article will answer all these questions and more.
Dividend declarations are the means by which shareholders and investors in companies get returns on their investment.
You get dividend distributions only after your company’s Board of Directors approves the date when dividends will be distributed.
you can read more about "Dividend Declaration meaning" here
Significance of a Dividend Declaration
A Dividend Declaration is a formal announcement made by a company that it is going to pay dividends to certain categories of its shareholders.
The decision to pay dividends is always made by the Board of Directors through a resolution passed under the company’s Memorandum and Articles of Association. This Board Resolution would also specify the time frame and the amount that will be paid as dividends.
In accounting terms, a Dividend Declaration results in a Debit in the Retained Earnings account and a credit in a new ‘Dividends Payable’ account. While Retained Earnings are assets, dividends that must be paid at some future date, are a liability.
Dividend: Meaning
Distributing dividends is just a neat way of saying that your company wishes to retain the trust of its shareholders and future potential investors. And so, the Board of Directors decide to distribute a part of the profits that the company has earned to shareholders who own their shares before the specified cutoff date.
This cutoff date is called the Expiry Date, the Ex-Dividend Date, or more popularly, just the Ex-Date.
Important Dates Associated with Dividend Payouts
Dividend Declaration Date
After the Board has passed the resolution and sanctioned the release of dividends, it has to make this information known to investors and the stock market. It does so by formally announcing the payout on the Dividend Declaration Date.
This date must be approved by the shareholders themselves via voting.
Ex-Date
The Ex-Date is the date on which new share buyers will cease to expect dividend payouts announced on the Declaration Date.
If you were to buy shares on which dividends were payable, even one business day before the Ex-Date, you would be eligible to receive the announced dividends.T
Date of Record
This is different from the Ex-Dividend Date because on this day, the company checks its records to separate existing shareholders eligible to receive dividends from those that are not eligible.
Date of Payment
This is the date on which the payouts are actually made. Note that this day may be one to three months after the Dividend Announcement.
Rise and Fall of Share Prices Around the Ex-Dividend Date
Those who buy the company’s shares on or after the cutoff date won’t receive these dividends. Those buying before will receive dividends.
Note that those who want to buy shares before the Ex-Date will do so in expectation of receiving dividends. This is because the Dividend Declaration Date is at least one business day prior to the Ex-Date.
Because of this expectation, the price of these shares will rise correspondingly. After the Ex-Date, the price will fall because buyers can no longer expect a dividend.
You can read the full article on "Documents Required for Singapore Company registration" here
Documents Required for Singapore Company registration
Unfamiliar Individuals Require the Following Documents:
Stage 3: Company Constitution, previously the Articles of Association and update of Association archives. Presently to contain
business name,
business action list,
place of work in Singapore,
subtleties of investors, Directors, division of offers,
subtleties of investors, Directors, division of offers,
Lawful provisos illustrating restricted obligation, capital dispersion, endorsers and goals just as the guidelines of the planned organization.
The ACRA gives a format that you can utilize to make your own organization constitution.
Stage 4: Submit Application on the BizFile+ Portal
In the event that every one of your archives are all together, just top off your data on the ACRA's BizFile+ page and snap 'Submit'.
Stage 5: Confirmation of Incorporation
Later you make the installment, the ACRA messages you to tell you that your organization has been effectively enrolled. This mail incorporates the organization enrollment number, a connection to download your Certificate of Incorporation (computerized duplicate) and Unique Entity Number (UEN). You can pay for a printed version to the ACRA later.
Stage 6: Acquire Business Licenses and Permits
Certain business exercises need you to acquire allows and licenses in advance. Front model, diners, cleaning organizations, scholarly establishments, travel services, monetary assistance offices, import/send out organizations, and so on need permits to operate.
Stage 7: Share Certificates
The corporate/organization secretary allocates share testaments to every one of the investors. This is evidence of their singular responsibility for organization.
Stage 8: First Board Resolution
In the wake of enlisting your Singapore organization, you really want to orchestrate an investor meeting to select somewhere around one Director. Investors should likewise pass goals to utilize other key organization staff, similar to the evaluator, the organization secretary, and so on
Stage 9: Annual Filings and Returns
Head exercises
Settled up capital
Enrolled address
Subtleties of Shareholders
Subtleties of Directors
Subtleties of Company Secretary
One can continue with all legitimate and authoritative errands which are needed to be performed in the wake of getting an email warning and business profile.
Post organization arrangement in Singapore, yearly filings should be submitted consistently.
Yearly personal assessment documenting is finished with the IRAS.
Stage 10: Corporate Secretary
Later organization enrollment in Singapore, there is a necessity of designating a certified organization secretary inside a half year of fuse under segment 171 of the Singapore Companies Act. Residents of Singapore who are not sole proprietors or investors can become corporate secretaries.
Stage 11: Paid-Up Capital
At the hour of organization enrollment in Singapore, there is a necessity for a base settled up capital of Singapore $1, which can be expanded whenever later consolidation.
The Singapore PR is a privileged visa that encourages foreign specialists, certain types of investors, and family members of Singapore residents to work and keep staying in Singapore continuously.
However, being a Permanent Resident of the Singapore region also comes with duties. Young sons who are permanent residents of Singapore must be part of the military by the age of 16.5 years and serve for 2 years. They must also participate in 40 days of Operationally Ready National Service every year until they reach the age of 50 or 40, depending on their ranks.
Who is Eligible for the Singapore PR Visa?Different PR Categories will require slightly different documents but the common items are listed below:
you can read the full article on "How to get singapore pr" here
How to get Singapore pr
The Singapore PR is a privileged visa that encourages foreign specialists, certain types of investors, and family members of Singapore residents to work and keep staying in Singapore continuously.
However, being a Permanent Resident of the Singapore region also comes with duties. Young sons who are permanent residents of Singapore must be part of the military by the age of 16.5 years and serve for 2 years. They must also participate in 40 days of Operationally Ready National Service every year until they reach the age of 50 or 40, depending on their ranks.
Who is Eligible for the Singapore PR Visa?
Legally married partners of Singapore PRs or citizens
Unmarried children (under 21 years), provided they are born out of a legal marriage or have been legally adopted, of Singapore PR holders and citizens
Elderly parents of a resident
Students studying in an institution within Singapore
Holders of Employment passes and S passes (along with personalized job pass and EntrePass holders)
Foreign investors who apply to the Singapore Economic Development Board under the Global Investor Program.
Documents Required
Different PR Categories will require slightly different documents but the common items are listed below:
Your valid SingPass
A passport-sized photograph in color with a size of 35 mm by 45 mm and pixel size of 400 by 514. The photo is to be set against a white background with the face fully visible facing the camera.
Holders of passes will require Employer Details in a prescribed format.
A valid work or immigration pass & passport that will not expire for the next 6 months
Identity Documents
Birth Certificates (for children of PR holder or citizen)
Custody papers in case of separation from spouse
Certificates of Most Advanced Educational Attainment
Employer’s letter describing the nature of work (for work pass holders), basic salary
6-month payslips
Company or Partnership registration certificates
Professionals would require a valid license to practice
IRAS/CPF consent forms to confirm financial details provided
Application Process for the Singapore PR
You can submit your application via the e-PR website run by the Immigration & Checkpoints Authority (ICA).
You will first need to login using your SingPass (a digital identity issued by the Singapore Government for transacting with itself.
Next, you will be given a questionnaire on the online system that determines whether you are eligible or not.
Next, choose your PR category (Spouse/Child/Elderly Parent/E Pass/S Pass).
You can either download the PR application form, fill it in with the information required and upload it again, or you can fill the entire form online.
Once the application process begins, you have 7 days or 168 hours to complete it.
You can edit/review multiple applications for family members or sponsored pass holders.
After all the documents have been uploaded (size limit is 2 MB), you will need to make a fee payment to successfully complete the process.