Any company incorporated in Singapore must appoint a company secretary in Singapore within 6 months from the date of incorporation. The role of a corporate secretary is often multidimensional. Besides ensuring that the company is acting according to the statutory obligations stated by ACRA, the corporate secretary is also responsible for many administrative tasks. Here are some of the other things worth knowing about company secretary services.
Requirements at a glance
The Companies Act of Singapore has a special section – Section 171 (1AA) that deals with the appointment of company secretary. According to ACRA, a company secretary in Singapore must fulfill at least one of the requirements mentioned below.
- Has offered secretarial services to a company for a minimum of three years.
- A professional who’s qualified under Legal Profession Act.
- Is a member of Institute of Certified Public Accountants
- Is a member of Institute of Chartered Secretaries and Administrators
- Is a member of Singapore branch of Association of International Accountants
- Is a member of Institute of Company Accountants
Many small companies have family members or associates who work as the company secretary, as long as they have the necessary qualifications mentioned above. The sole director of a company cannot serve as the company secretary, but if the concerned company has more than one director, one of them can work take up the role.
Company Secretary Services
The company secretary is often considered as the backbone of the entire enterprise, as far as compliance matters are concerned. He is expected to have the necessary skills for performing his duty, as lapses related to these compliances can have serious consequences. If you are looking for options in Singapore, you should consider working with VentureHaven. We have been offering company secretary services for years now, and we will ensure all requirements and compliances related to Companies Act are met and your company is protected against possible fines and expenses. We also specialize in book keeping Singapore, and our team can help with the basic incorporation procedure, as well.
With the focus on corporate governance, VentureHaven aims to help clients with their respective needs, as well. We also work as your advisory team, which helps in taking decisions on time. Our team of consultants will offer further assistance for formulating new ideas and strategies, which will help in achieving long and short term goals. We offer annual Company Secretary services for prices starting from S$300. To know more, call us now!