Q：
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Is it mandatory to update the EROM? Can companies not file any updates and refer to their own register book instead?
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A：
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The EROM of private companies must be maintained by Accounting and Corporate Regulatory Authority of Singapore (“ACRA”) and private companies must update the EROM register with ACRA. These companies will still be required to keep their historical register of members until seven (7) years after their last member has ceased being a member.
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Q：
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Does ACRA require the email address and/or telephone number of shareholders to be updated in the EROM?
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A：
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No, this is not required.
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Q：
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Assuming that the Company has lodged the "Notice to update Share Capital" wherever there is new allotment or transfer of shares. Once these lodgements are completed, will the EROM be updated immediately and available for download?
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A：
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Once the company has lodged the “Notice to update Share Capital", all subsequent share transaction information that has been filed will be updated immediately into the EROM.
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FAQ
