Appointing a Singapore Company Secretary

Companies successfully incorporated in Singapore are required to appoint a Corporate Secretary within 6 months from the date of their incorporation.

VentureHaven’s Corporate Secretarial Services provide business operations with a wide range of secretarial services they need to stay in compliance with regulations governing Singapore businesses.  Corporate secretaries also perform a range of business, operational and financial duties upon which efficient administration of a company relies.

Duties most corporate secretaries are responsible for include:

  • Board & committee meetings
  • Minutes of Meetings
  • Annual General Meeting of Shareholders
  • Corporate Records
  • Advisor to Directors
  • Implementation of Directors’ Decisions
  • Issuing New Shares, Stock Transfers & Dividends
  • Securities Market Listings & Compliance with Listing Standards
  • Compliance with Business Laws
  • Liaising with Auditors, Lawyers, Bankers as and when required

Credentials of a Singapore Corporate Secretary

A Corporate Secretary ensures that regulatory, filing and documentation requirements are complied in good faith. As the integrity of a company’s legal framework is dependent on the competency of its corporate secretary, it is imperative that a newly incorporated company hires a trained, experienced professional with familiarity in government business regulations.

The following credentials are stipulated by Singapore’s Accounting and Corporate Regulatory Authority (ACRA):

  • At least three of the five years of prior secretarial experience immediately before his/her appointment
  • He/she is a competent person as per the Legal Profession Act, Cap. 161
  • A public accountant as designated under the Accountants Act, Cap. 2
  • A member of Singapore’s Institute of Certified Public Accountants
  • A member of the Institute of Chartered Secretaries and Administrators Association of Singapore
  • Member of the International Accountants Association (Singapore Branch)
  • A member of the Singapore Institute of Company Accountants

A Corporate Secretary is expected to have at least ONE of the above listed credentials.