What is a compliance rating and why is it important for a company?

Yes, it is. Many business organizations are under the impression that compliance rating means not being fined or penalized. It is totally, wrong. A compliance rating is awarded in the form of a Green Tick Mark or a Check Mark to companies only if they hold timely AGM, table up-to-date accounts and file their Annual Returns, If not, Red Cross Mark rating given by ACRA. All compliance rating records for local companies are available on ACRA’s website, Directory of Registered Entities. Investors or any member of public can view it. Because of this, for every company it is important to achieve a favorable compliance rating as it can use it for brand equity. Receiving a GREE Tick Mark is a sign that the company is in capable hands.