Company Secretarial Services Singapore

If the company has more than one director, one of the you can be the Corporate Secretary but if you are the lone director, you cannot be both director and secretary, you have to hire a Corporate Secretary agent to assist you with your ACRA filings.

Yes but first, you need to have all the qualifications of a Corporate Secretary plus 5 years of experience. Second, you have to be a Singapore citizen, or a permanent resident, or an EntrePass holder.

Especially for Foreign and Non-Permanent residents of Singapore, outsourcing a secretarial company may lessen their burdens of facilitating the preparations of the company incorporation or keeping tracks and records of all the regulatory documents needed.

Yes, ACRA fines companies that miss filing deadlines or make mistakes in the documents. Depending on how long you miss the deadline is the amount of late payment fee and for the Notice of Error would be S$60- S$200.

A corporate secretary, also known as a company secretary, is an officer in charge of effectively managing a company's administrative tasks. He or she is responsible for ensuring that business operations adhere to Singapore's statutory requirements, laws, and regulations. The corporate secretary is also in charge of overseeing the company's compliance and serving as a liaison between shareholders and directors.

A corporate secretary in Singapore also works with the company's directors to fulfill certain legal requirements. The Secretary must notify the parties involved if he or she discovers a legal violation in order for the issue to be remedied as quickly as possible.

A corporation's board of directors appoints the company secretary, who will be in charge of making sure that businesses adhere to all applicable legal requirements in Singapore and good corporate governance.The following are the main responsibilities of a corporate secretary:        
- maintaining the statutory books and records,
- keeping the company's legal paperwork safely,
- arranging board and shareholder meetings,
- lodging and timely filing all legal documentation,
- creating the AGM documentation for you,
- helping carry out all corporate actions, such as changing a director or shareholder, transferring shares, and amending business information.

In Singapore, the phrases "corporate secretary" and "company secretary" have the same meaning and are used interchangeably to refer to the same position. Whichever the title is, they are essential to a company's effective administration through adherence to the law.

In Singapore, a company secretary can be anyone who satisfies the following requirements: (1) at least 18 years old, and (2) a Singaporean citizen, PR, EP, EntrePass, S Pass, or DP holder who resides legally in Singapore.

The typical requirements of a company secretary can be any of the below:
(1) a degree in Law,
(2) Certified Accountant registered with Accountants Act (Cap. 2), Institute of Certified Public Accountants of Singapore, Association of International Accountants (Singapore Branch) or Institute of Company Accountants, Singapore, and
(3) Chartered secretary or administrator who is a member of the Singapore Association of the Institute of Chartered Secretaries and Administrators.

Before appointing a corporate secretary for your companies, you should understand the requirements of a company secretary. A corporate secretary must reside in Singapore, either as a citizen or a permanent resident, in accordance with the Singaporean Companies Act. The secretary also needs to meet the requirements for the post in terms of experience, expertise, and skills. Furthermore, within six months of its incorporation, a company must employ a company secretary.

A good corporate secretarial service is crucial for every company when it comes to adhering to legal requirements and using business procedures in Singapore properly. This is because a corporate secretary has extensive knowledge of the internal governance of the company and the related regulations in Singapore to make sure the company remains compliant.

According to the law in Singapore, every company must appoint a corporate secretary, hence the post may include involve duties and obligations including paying taxes and keeping accounting records.