Company Secretarial Services Singapore Help You Build Trust & Credibility
It is wrong to assume that company secretary has no prominent role in corporate governance of the organization besides eating up the startup budget. The sooner you realize its importance; the better would be for your business to build credibility and trust among the potential customers. The role of a secretary does not confine just to keeping the directors fully aware of the statutory obligations but also transcend to the implementation of the regulations. The best way to keep your secretarial tasks up to date is outsourcing to company secretarial services Singapore.
Significance of Company Secretary in Singapore
As per the Singapore Companies Act, appointing a company secretary within six months of incorporation is mandatory. Your company incorporation would have been incomplete without meeting this requirement. For private limited company, there is no any written eligibility criteria for company secretary. However, he/she must be well-qualified and aware of Singapore companies act. He has to be a local Singapore resident (Citizen, PR or holder of Employment Pass).
The appointment of a company secretary as an officer is necessary as he will be responsible for administrative and reporting functions of the organization. He makes sure that the company has met all the statutory obligations and has complied with the Laws of Companies Act. He will be held liable by the authority in the case of non-compliance or delayed filing.
Role of The Company Secretary
The job of a company secretary is likely to be vast and unending. Starting from assisting the directors, taking care of the interest of shareholders to filing returns and complying with the laws, a company secretary is responsible for a broad variety of key functions.
Emphasizing the Key Roles and Responsibilities of the Company Secretary
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Manage, update and maintain the company statutory registers and records.
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Looking after proper arrangements to share an interest of the shareholders and for director’s meetings.
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Lodge, check and file all the necessary documents and reports that are necessary by law.
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Arrange and convene annual general meetings/ board meetings.
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Providing comprehensive legal as well as administrative support to the board of directors.
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Ensuring the implementation of corporate strategies by making sure board’s messages and decisions are properly conveyed and carried out by the concerned departments.
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Acting appropriately to ensure that the company meets all the legal obligations of Companies Act.
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Ensuring compliance with the company’s Memorandum & Article of Association.
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Stay updated and update directors with every change in the statutory and regulatory obligations.
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Routinely communicating with the shareholders.
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Act as an intermediary between the company and the corporate governing authorities including ACRA for meeting specific needs of the company.
Hiring a good firm offering corporate secretarial services in Singapore is always good, as they are well aware of the roles, responsibilities, duties, and scope of the company secretary. Apart from core duties, these firms are well known for offering relevant guidance and consulting services to their clients. Therefore, qualification and experience matter a lot for appointing the best and skilled company secretary in Singapore.
Now, you can understand how the good company secretarial services Singapore plays their role in enhancing the efficiency of their client’s business. Needless to mention, such services help you build better image and credibility among your potential customers and suppliers. SBS Consulting is one of the renowned firms in Singapore offering customized and cost-efficient corporate secretarial services.
Contact us:
SBS Consulting Pte Ltd
High Street Centre,
#17-02, 1 North Bridge Road,
179094 - Singapore
Phone: (65) 6536 0036
Email: info@sbsgroup.com.sg
