Acting as a Company Secretary
What is a Company Secretary?
Section 171 of the Singapore’s Companies Act requires a company to appoint a company secretary. The office of secretary shall not be left vacant for more than six months at any one time. Private limited companies need not appoint a professionally qualified secretary. However a secretary must still be appointed. Only public companies must appoint a professionally qualified secretary. Examples of professionally qualified secretaries are lawyers, accountants and chartered secretaries.
A Company Secretary is responsible for ensuring the compliance of their organisation in relation to financial and legal practices, as well as issues of corporate governance. Although they are not strictly required to provide legal advice, company secretaries must have a thorough understanding of the laws which affect their areas of work.
They act as a point of communication between the Board of Directors and company shareholders, reporting in a timely and accurate manner on company procedures and developments.
- Incorporating local and offshore companies
- Holding of meetings
- Preparation and Filing of Annual Returns
- Extensible Business Reporting Language (XBRL) Reporting
- Maintain statutory registers and minutes book
- Bank Account Opening Facilitation Services
- Act as bank authorised signatories
- Act as nominee directors and nominee shareholders
- Deregistration of Companies
- General advice on corporate matters such as share allotments, share transfers etc
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