Every Pte Ltd company in Singapore must appoint a Company Secretary within 6 months of the date of its incorporation. The appointed Company Secretary must also be residing locally in Singapore and he/ she must not be the sole director of the company. So what does a Company Secretary do, you may asked. It seems that very few people can tell you what exactly a corporate secretary’s job entails.

Principally, the company secretary is responsible in ensuring the company complies with the following:
1) Company law,
2) Maintains certain statutory registers and
3) Makes the necessary filings with the ACRA such as annual returns, change of officers of the company and share transfers, among others.

Unfortunately, there is a laundry list of misconception by business owners that a Company Secretary does nothing ! Those who are not familiar with corporate governance might be inclined to believe that a Company Secretary just do the yearly thing of submitting the AGM minutes. In reality, they are responsible in making sure the company is in compliance with existing regulations and all the corporate affairs of the company are in order.

By appointing a qualified Company Secretary, it is safe to say that you can be ensured that your company’s compliance with the Companies Act are well taken care of. Thus, let us know if you want to take the next step to appoint a qualified Company Secretary for your company!

Company Secretary Services

YOU MIGHT ALSO LIKE

  • Taxable and non-taxable income for individuals It is important for individuals to know that all income earned in or derived from Singapore is chargeable to income tax in Singapore. As for overseas income received in Singapore on or […]
  • Company and Director charged in court for GST fraud Another company and director hauled up by IRAS on 29 July for creating fictitious invoices and false entries. The company – Republic Beverages Co Pte Ltd committed this fraud in order […]
  • Amendment to Malaysia’s GST Return Malaysia’s Customs Department has announced that with effect from 23 August 2016, GST registrants that want to amend their GST Return are required to observe the regulations and procedures […]

Leave a Reply

Your email address will not be published.

1 + 19 =