Prefer Corporate Secretarial Services Singapore & Keep Your Costs Down

You must appoint an experienced & qualified corporate secretarial services Singapore. A secretary takes care of their company’s statutory compliance and corporate governance-related tasks. These are the company officials that talk with the regulatory authorities if the need arises.

The Corporate Secretary is a Responsible Position

The businesses incorporated in Singapore needs to appoint at least a corporate secretary. They need to do it within the six months from their date of incorporation. ACRA, the Company Registrar, treats a secretary as one of the stakeholders of the company. The statutory compliance of any company is a challenging task, and that is why, Corporate secretarial services in Singapore assigns experienced professional to their clients to take care of it.

Tasks Performed by Company Secretarial Services Singapore

The following is a brief list of the tasks the corporate secretarial services in Singapore take care of:

  • Arrange Board meetings, prepare agenda, record AGM minutes, & maintain attendance sheet
  • Arrange and hold Annual General Meeting (AGM) and Emergency General Meeting (EGM) & maintain attendance sheet
  • Maintain statutory registers
  • Circulate accounts, annual reports, & interim statements to shareholders
  • Prepare Director’s Report/ Compilation Report
  • Circulate board resolutions
  • Manage shares, handle shareholder’s questions
  • Allotment & transfer of shares
  • File Annual Returns
  • Pay ACRA’s fees for Annual Return filing
  • Register of company’s shareholders, directors, secretaries, & auditors
  • Register of the company’s assets
  • Opening of a new corporate bank account
  • Directors’ shareholdings
  • Inform directors and others of the due dates of ACRA filings

Corporate Secretary for Public Companies in Singapore

Finding a secretary for a Singaporean public company is tough. They need to hire a certified professional having experience of working as the corporate secretary. The appointee must,

  • Fulfill criterion prescribed by the Legal Profession Act (Cap. 161)
  • Be Registered with the Institute of Certified Public Accountants of Singapore
  • Be a member of the Singapore Association of the Institute of Chartered Secretaries and Administrators
  • Be registered with the Singapore Branch of Association of International AccountantsBe registered with the Institute of Company Accountants in Singapore

Corporate Secretary for Singapore Private Companies

Nowadays, the trend is to hire company secretarial services Singapore for the task. The reason being that the secretaries do not produce any revenue and profit. It is a non-core task. Nonetheless, it saves management the trouble of hiring and firing of permanent secretaries which is costly. It also allows them to save on expenses like salary, employee benefits, infrastructure, etc.

Secretarial Services in Singapore

The company secretarial services in Singapore informs ACRA of the changes in the;

  • Registered address of the business
  • Officers of the company
  • M&AA of their client company
  • Bank signatories

The corporate secretarial services Singapore takes charge of the non-core task and allows the management to focus on the core goals of the company and its survival. They charge affordable fees. Make sure there are no hidden costs. The company secretarial services Singapore like SBS Consulting provides its secretarial services Free of costs for the first year through its incorporation package. SBS also offers its standalone secretarial services at S$299 only.

 

Contact us:
SBS Consulting Pte Ltd
https://www.sbsgroup.com.sg/
High Street Centre,
#17–02, 1 North Bridge Road,
179094 — Singapore
Phone: (65) 6536 0036
Email: info@sbsgroup.com.sg