In Singapore, every company must appoint a Company Secretary. Let’s call it CS for short.
To qualify as a CS, you must fulfil these criteria:
- At least 18 years old and residing in Singapore.
- You cannot be the sole director of the company.
- Preferably someone with compliance knowledge.
The CS ensures the company complies with relevant legislations and regulations. This means it is important to select someone familiar with government regulations and can handle tight deadlines. If the CS misses the deadlines, your company may be issued fines or even summoned to court.
That’s why many companies prefer to outsource this role to CS consultancies with personnel equipped with the necessary skills to be a competent CS.
With someone experienced as the CS, your company can fully focus on making revenue while abiding to governmental legislations.
Unsure of what are the company secretary requirements in Singapore? Not sure if your company secretary have what it takes to manage the job? Here’s a video providing clear and concise information pertaining to the requirements!
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