Filing a Notice of Error (NOE)
File the NOE as soon as possible after discovering the error.
The Accounting and Corporate Regulatory Authority (ACRA) in Singapore allows you to file a Notice of Error (NOE) to rectify mistakes in documents submitted for your company. There are two main categories of NOEs:
1. Clerical/Typographical Errors: This is for rectifying typos or minor mistakes in information submitted.
This applies to minor mistakes like typos in:
Company Names
Addresses
ID Numbers
Financial Figures (if small and inconsequential)
2. Errors Beyond Typos: This is for errors beyond typos, where you need to justify the mistake and show it wasn't intentional.
This applies to errors that are more significant than typos, such as:
Filing duplicate share transfers
Incorrect financial statements (large errors or impacting compliance)
Here's a summary of the process:
Type of Error | Description |
Clerical/Typographical Errors | Minor mistakes like typos in names, addresses, or ID numbers. |
Application to Registrar for Other Errors | Errors beyond typos, requiring justification. Examples include filing duplicate share transfers or errors in financial statements. |
How to File
All NOEs are filed electronically through BizFile+ https://www.bizfile.gov.sg/.
1. Clerical/Typographical Errors
Use the "Clerical/Typographical Errors" option in BizFile+.
Briefly explain the error and provide the correct information.
You may not need to resubmit financial statements.
2. Errors Beyond Typos
Use the "Application to Registrar for Other Errors" option in BizFile+.
Clearly explain the error and why it occurred.
Demonstrate it was unintentional and not misleading.
You may need to resubmit corrected financial statements.
Processing time
The processing time is generally 7 working days.
Filing fee
There's a $60 fee for filing an NOE, which is non-refundable.
Resources:
Here are some resources that can help you further:
ACRA guide on Filing a Notice of Error (NOE): [URL]. This guide provides detailed information on the NOE process.
BizFile Notice of Error guide: [PDF] Notice Of Error (on Annual Return) - BizFinx portal. This guide offers step-by-step instructions for filing an NOE through BizFile+.
How Bestar can Help
Bestar can be a valuable asset when dealing with a Notice of Error (NOE) in Singapore, especially for errors beyond typos. Here's how we can help:
Understanding the Complexity: We can assess the severity of the error and determine if it falls under the "Clerical/Typographical Errors" category or requires a more elaborate "Application to Registrar for Other Errors" approach.
Justification and Explanation: WSe can assist you in crafting a clear and concise explanation for the error. This explanation should demonstrate it was unintentional and doesn't mislead anyone.
Compliance with Regulations: If the error affects financial statements, Bestar can ensure your corrected statements comply with the relevant accounting standards in Singapore.
Resubmitting Documents: We can guide you through the process of resubmitting corrected financial statements if necessary.
Interaction with ACRA: In some situations, we may be able to communicate directly with ACRA on your behalf, especially if the situation is complex or requires additional clarification.
Bestar can help with NOEs:
Bestar is expert in accounting and financial reporting standards.
We have in-depth knowledge of corporate governance regulations and filing requirements with ACRA.
Ultimately, the decision to consult Bestar depends on the specific details of your situation. For minor typos, you may be comfortable filing the NOE yourself. However, for more significant errors, seeking Bestar guidance can save you time, ensure proper compliance, and increase your chances of a successful NOE filing.
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