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Urban Redevelopment Authority (URA)
Circulars

Application for a Housing Developer's Licence Submission of Business Profile in lieu of Certificate of Incorporation

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General

15 January 2008

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Our Ref : COH/Public/Circular-Vol 1

Fax : 6321 6596

President
Real Estate Developers’ Association of Singapore
190 Clemenceau Ave #07-01
Singapore Shopping Centre
Singapore 239924


President
The Law Society of Singapore
39 South Bridge Road
Singapore 058673

Who Should Know:
Developers and solicitors.

Effective Date:
With effect from 15 Jan 2008.

Objective

This circular is to inform developers and solicitors on the relaxation to allow licence applicants who are companies to submit a copy of the Accounting and Corporate Regulatory Authority (ACRA)’s Business Profile in lieu of the Certificate of Incorporation and memorandum and articles of association in their licence application.

Background

  1. Currently, applicants who are companies are required to submit a copy of the following documents verified by a statutory declaration with their applications for a housing developer’s licence:

  • a copy of the Certificate of Incorporation or the memorandum and articles of association or other instrument under which the company is incorporated; and

  • the latest audited accounts, i.e. the audited accounts prepared for the immediate past financial year which had just ended.

  1. Recently, we have received requests from licence applicants to allow them to submit a copy of ACRA’s Business Profile in lieu of the Certificate of Incorporation or memorandum and articles of association.

Submission of the Business Profile

  1. To facilitate licence applicants in their applications for a housing developer’s licence, the Controller has agreed to accept the following document in lieu of the Certificate of Incorporation or memorandum and articles of association:

  • a copy of ACRA’s Business Profile duly verified by a statutory declaration by the applicant;
    OR

  • a copy of ACRA’s Business Profile with Certificate of Production. In this case, the Business Profile will be authenticated by an Assistant Registrar of ACRA.

(Please note that licence applicants are still required to submit the last audited accounts verified by a Statutory Declaration and any other documents required by the Controller in the licence application).

  1. More information on the purchase of a Business Profile or a Business Profile with Certificate of Production is available at ACRA’s website atwww.acra.gov.sg.

Follow-up actions

  1. We would appreciate it if you could convey the contents of this circular to members of your organisation.

  2. We would also appreciate if you can let us know of any feedback that you received from your members.

  3. If you or your members have any queries concerning this circular, please do not hesitate to call our COH hotline at Tel: 6329 3513 or send an e-mail to us at ura_coh_registry@ura.gov.sg.

Thank You.

MARC BOEY
CONTROLLER OF HOUSING
URBAN REDEVELOPMENT AUTHORITY

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