Patricia Seet
Partner
Patricia heads the Allen & Gledhill Corporate Services (AGCS) team of fully qualified and experienced managers who provide the full range of corporate secretarial and related corporate support services to the Firm’s clients.
Patricia’s practice encompasses corporate and commercial law, and she advises on corporate governance and compliance, and on the establishment and administration of all legal entities registered in Singapore, which includes variable capital companies, public unlisted companies, companies limited by guarantee, private companies, limited liability partnerships and foreign companies (Singapore branches) as well as societies and limited partnerships.
She regularly advises companies across a wide spectrum of industries, on various corporate matters, governance and compliance issues as well as on immigration and employment issues.
Patricia serves on the board of private and public unlisted companies, acts as company secretary to these companies and also acts as an authorised representative for registered foreign companies with Singapore branches.
Patricia graduated from the National University of Singapore with an LL.B. (Hons) degree and holds an LL.M. from the National University of Singapore.
Publications
- Electronic Gazette and Legislation Bill tabled for first reading; Gazette published on prescribed website to be authoritative version
- ACRA issues Financial Reporting Practice Guidance No. 1 of 2024 on areas of review focus for FY2024 financial statements
- Corporate service providers to carry out fit and proper assessment on nominee directors and to perform customer due diligence measures under Corporate Service Providers Act 2024
- BizFile+ system migration from 4 to 9 December 2024 for ACRA’s new Bizfile portal, launching on 9 December 2024 to replace BizFile+
- Authentication of public documents to be available online from 2025
- IFRS Sustainability Disclosure Standards to be incorporated into SGX climate reporting rules from FY 2025
- Introduction of contact address to replace alternate address by end-2024
- Public consultation on remote witnessing and e signing of statutory declarations
- ACRA (Registry and Regulatory Enhancements) Bill facilitating digital communications and enhancing ACRA regulatory framework passed on 2 July 2024
- Corporate Service Providers Bill and Companies and Limited Liability Partnerships (Miscellaneous Amendments) Bill passed on 2 July 2024
- Corporate Service Providers Bill and Companies and Limited Liability Partnerships (Miscellaneous Amendments) Bill tabled following consultation on regulatory enhancements
- ACRA (Registry and Regulatory Enhancements) Bill tabled following consultation on streamlining corporate regulatory regime
- Tripartite Guidelines on Flexible Work Arrangement Requests to take effect on 1 December 2024
- MOF and ACRA consult on draft Corporate Service Providers Bill and proposed legislative amendments to enhance the regulation of corporate service providers and beneficial ownership transparency of companies and LLPs
- SGX RegCo issues consultation paper on incorporation of ISSB standards in sustainability reporting
- MOM to raise Employment Pass qualifying salary from 1 January 2025 and Local Qualifying Salary from 1 July 2024
- MOM to raise retirement and re-employment ages to 64 and 69 respectively in 2026
- MOF and ACRA consult on proposed legislative amendments relating to digital communications and regulatory enhancements
- ACRA, SGX RegCo respond to feedback from consultation on Sustainability Reporting Advisory Committee recommendations: Mandatory climate reporting for listed issuers and large non-listed companies
- Launch of Charity Compliance Indicators for all IPCs on 16 January 2024
- ACRA issues Financial Reporting Practice Guidance No. 1 of 2023 on areas of review focus for FY2023 financial statements
- Bills to facilitate electronic statutory declarations, oaths and affirmations, and notarisations passed
- MOM enhances Self-Assessment Tool eService
- Companies, Business Trusts and Other Bodies (Miscellaneous Amendments) Act 2023 in force on 1 July 2023: Providing for fully virtual or hybrid meetings, revised threshold computation for compulsory acquisition of shares, and other amendments
- Companies, Business Trusts and Other Bodies (Miscellaneous Amendments) Act 2023: Provisions on compulsory acquisition of shares, disqualification of directors and penalties imposed on directors to take effect on 1 July 2023
- Companies, Business Trusts and Other Bodies (Miscellaneous Amendments) Act 2023: Providing for fully virtual or hybrid meetings, revised threshold computation for compulsory acquisition of shares, and other amendments
- MOM announces details of Complementarity Assessment Framework (COMPASS) bonus criteria: 27 occupations on new Shortage Occupation List
- MOM announces updates to foreign workforce policy, support measures for employers and employees, and measures to secure better workplaces
- MOF and ACRA issue responses to key feedback on proposed amendments to Companies Act 1967
- ACRA, MOF and MAS issue consultation paper on legislative amendments to enable conduct of general meetings by electronic means
- Act merging ACRA, Accounting Standards Council and Singapore Accountancy Commission gazetted
- ACRA issues Financial Reporting Surveillance Programme Report 2022 highlighting measures to strengthen financial reporting competency
- MinLaw to revoke Covid-19 legislation providing for alternative arrangements for meetings on 1 July 2023; MAS and ACRA planning legislation to allow general meetings by electronic means
- ACRA issues Financial Reporting Practice Guidance No. 1 of 2022 on areas of review focus for FY2022 financial statements
- ACRA: Updated BizFinx Preparation Tool and Multi-Upload Tool now available
- Commencement of new requirements under Corporate Registers (Miscellaneous Amendments) Act 2022 on 4 October 2022
- Targeted enhancements to work pass framework announced
- Work pass framework enhancements: Ministerial statement
- Singapore as global hub for talent: MOM announces new Overseas Networks & Expertise Pass, new benchmark for top 10% EP holders, shorter FCF job advertising duration, shorter EP applications processing time, five-year EP option
- Updates to Employment Pass qualifying salary from 1 September 2022 for new applications
- SGX RegCo to require live engagement and voting at AGMs for all issuers
- ACRA consultation on proposed amendments to Singapore’s regulatory regime for corporate service providers and nominee directors and shareholders
- Companies Act 1967 amended to clarify timelines for local and foreign companies to update registers
- Covid-19: Singapore further eases border restrictions - Move to Vaccinated Travel Framework and removal of pre-departure requirements
- MOM announces upcoming changes to Employment Pass eligibility
- ACRA, MAS and SGX RegCo update guidance on the conduct of general meetings amid evolving Covid-19 situation
- Covid-19: Singapore eases border restrictions for long-term pass holders and visitors
- Higher penalties for late filing of annual lodgments in force from 14 January 2022
- Covid-19 vaccination to be a condition for long-term passes, work passes and permanent residence from 1 February 2022
- Corporate Registers (Miscellaneous Amendments) Bill enhancing Singapore’s regime on transparency and beneficial ownership of companies and LLPs passed
- ACRA issues Financial Reporting Practice Guidance No. 1 of 2021 on areas of review for FY 2021 financial statements
- Revised Edition of Singapore Acts of Parliament
- ACRA consults on proposed legislative amendments relating to data, digitalisation, and corporate transparency
- ACRA to impose higher penalties for late filing of annual lodgments from 14 January 2022
- Bill to enhance Singapore’s regime on transparency and beneficial ownership of companies and LLPs tabled in Parliament
- Apostille Convention enters into force for Singapore
- ACRA updates BizFinx preparation tool and multi upload tool
- MOF, ACRA consult on proposed enhancements to Singapore’s regime on transparency and beneficial ownership of companies and LLPs
- Apostille Act 2020 abolishes legalisation requirements for foreign public documents from 16 September 2021
- ACRA, Singapore Accountancy Commission and Accounting Standards Council secretariat to merge by H2 2022
- ACRA revises Guidance relating to requirements on registers of registrable controllers and registers of nominee directors
- ACRA defers implementation of two-tier penalty framework to allow more time for transition
- MinLaw introduces new registration scheme and notification requirements for precious stones and precious metals dealers, and provides online training for submission of semi-annual returns
- Covid-19: MinLaw further extends duration of legislation for alternative meeting arrangements
- MOM to require Dependant’s Pass holders who wish to work to apply for work pass from 1 May 2021
- ACRA updates practice on (1) annual filing for foreign companies and (2) applications for reliefs under the Companies Act for local and foreign companies
- ACRA launches online variable capital company registration and filing portal
- ACRA announces resumption of Register of Registrable Controllers e-Service from 1 February 2021
- Singapore accedes to Apostille Convention
- MOM requires work pass holders to update MOM on new residential address or mobile number within five days of change
- ACRA announces revised penalty framework for annual lodgments to take effect from 30 April 2021
- MAS issues guidelines to Notice VCC-N01 on prevention of money laundering and countering the financing of terrorism for variable capital companies
- ACRA extends effective date for revised XBRL filing requirements to 1 May 2021
- Covid-19: ACRA issues Financial Reporting Practice Guidance No. 2 of 2020 to guide directors in review of FY2020 financial statements
- ACRA highlights: Reminder to complete BizFile+ transactions before 6pm, 10 December 2020; Register of Registrable Controller (RORC) transaction in BizFile+ to resume in February 2021
- MOM, NTUC and SNEF launch Tripartite Advisory on Mental Well-being at Workplaces
- EDB to launch new programme to attract entrepreneurs and leaders to develop Singapore’s tech ecosystem
- Apostille Bill passed to give effect to Hague Convention obligations abolishing legalisation requirements for foreign public documents
- ACRA announces BizFile+ portal unavailable from 10 to 15 December 2020
- Apostille Bill introduced to facilitate cross-border use of public documents
- Covid-19: Legislation for alternative meeting arrangements refined and extended to 30 June 2021
- MOM announces eligible firms to receive Jobs Growth Incentive automatically from March 2021
- MOM updates advisory on salary and leave arrangements
- ACRA to decommission BizFinx portal from 1 October 2020
- ACRA extends deadline for statutory filings and lodging information on register of registrable controllers on BizFile+ portal
- Covid-19: MinLaw to extend duration of legislation for alternative meeting arrangements to 30 June 2021
- MOM announces tightening of work pass requirements: Increase in EP and S Pass minimum qualifying salary, enhancements to Fair Consideration Framework
- ACRA seeks feedback on wide-ranging proposed amendments to Companies Act
- New requirement to lodge Registrable Controllers’ information with ACRA
- Covid-19: ACRA issues guidance for directors reviewing upcoming financial statements
- ACRA defers implementation date for central non-public register of registrable controllers to July 2020 in light of Covid-19 situation
- ACRA to implement new requirement to lodge information on register of registrable controllers via BizFile+ from May 2020
- SGX RegCo extends timeline for release of unaudited financial results and sets out expectations on issuers’ disclosure obligations, Amendment Order revises period for alternative meetings arrangements
- Holding meetings amid Covid-19: Order for alternative arrangements issued, guidance and checklist provided by ACRA, MAS and SGX RegCo
- Holding meetings amid Covid-19 outbreak: New Act provides legal certainty; ACRA, SGX RegCo extend AGM and annual return deadlines
- MOM to revise rules for hiring foreigners, provide more support for employers hiring mid-career and senior employees
- Making statutory declarations and affidavits amid the Covid-19 situation
- MOM, NTUC and SNEF update advisory on managing excess manpower and responsible retrenchment in view of Covid-19
- ACRA aligns filed data with data filed under National Registration Act
- ACRA enhances annual return forms for easier filing
- ACRA issues Registrar’s Interpretation No. 1 of 2019 on alteration of constitution with respect to objects of company and lodging requirements under Companies Act
- ACRA revises Guidance relating to requirements on register of registrable controllers and register of nominee directors
- MAS consults on operational and AML/CFT requirements for upcoming VCC framework