A Corporate Secretary is one of the key officers in a Singapore company. Learn what the law requires from their performance. This crucial officer is responsible for drafting and lodging with the authorities the necessary documents required by law.

The Company Secretary must be appointed within the first 6 months after the business has been registered. The same person can not be a Company Secretary and a single director. It is their duty to identify and prevent non-compliance with the company policies or the legal framework.

A failure to do so may result in severe consequences for the company and its directors, including significant fines, removal of the secretary or a director, Jasper Company Stock imprisonment.

It is thus crucial to have a reliable person or Qualified Company Secretary Singapore a trustworthy agency Qualified Company Secretary Singapore vast experience and a deep understanding of Singapore corporate law. For a private company, any Singapore resident can become a Corporate Secretary. For a public company, this role can be performed by a filing agent or a qualified individual satisfying at least one of the following criteria:.

It translates to drafting, maintaining and organizing multiple important documents. Board Meetings and Annual General Meeting The Corporate Secretary is in responsible for scheduling, organizing and maintaining the necessary protocol during the key meetings of the company. Maintaining Statutory Registers There are multiple registers that need to be updated according to the changes that transpire in the company. The final Compang may vary depending on the company profile. Annual Filings Filing Qualiifed annual returns and company accounts with Accounting and Corporate Regulatory Pd Company Means ACRA is Qyalified, as there are severe penalties and fines for submitting wrong data or missing the deadline.

Legal Compliance and Necessary Paperwork As the company goes through changes, there are many steps that need to take place. The actions may include drafting resolutions, amending the Company Constitution, and informing ACRA on the updates in the company, such as:. Maintaining Registered Office Every Singapore company must have a registered address. It has to be a real place in Singapore, not just a PO box number. The address goes on all legal Qualified Company Secretary Singapore and has to be Compsny with ACRA.

It does North American Beverage Company have to be the place where the real office is located. A registered address can be employed as a service, with the provider receiving the correspondence, scanning, and forwarding it. There are 3 types of business organization you Secretart choose from.

They vary in terms of Mon Cre Telephone Company, the number of owners, and relationships between them. The new investment will help expand its technology platform to the UK and Hong Kong, and already started testing these markets. It took us 15 months to grow the first 1, clients. Now, only six months later, another 1, business owners joined us.

Thank you for trusting Osome! We write about saving money and building a feasible business, invite real entrepreneurs to share experience — and sometimes retell really cool business books. For a public company, this role can be performed by a filing agent or a qualified individual satisfying at least one of the following criteria: Been a secretary of a company for at least 3 of the 5 years immediately before his appointment as secretary of the public company Qualified person under the Legal Profession Act Cap.

See our Corporate Secretarial Sdcretary. Other Articles. Want to run your business smarter? Osome Newsletter can help We write about saving money and building a feasible business, invite real entrepreneurs to share experience — and sometimes retell really cool business books. Your email Subscribe. We've sent you an email! What does it mean?

Best Company Secretarial Services in Singapore

Singapore Companies Act, Section 171 (1AA), states that a secretary of a public company must be qualified, and has to meet at least one of the following criteria: Worked as a secretary of a company for at least three of the five years immediately before being appointed as the secretary of a public company…

Singapore Company Secretary - Appointment, Role, and ...

The Company Secretary is the compliance officer of the company. The Board, as well as the Chairman rely on the Company Secretary to advise them about their duties under the law, the corporate governance requirements, compliance with the listing rules and in conducting the legally required meetings in a timely and appropriate manner.…