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Company Secretary Services

Embarked on your business journey in Singapore? One pivotal step you must undertake is the appointment of a company secretary.

Recognizing the significance of a trusted and experienced company secretary in fostering your business endeavors, we proudly extend comprehensive and reliable company secretary services tailored to businesses of all sizes.

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Safeguard your business success with the assurance of a trusted company secretary

Ensure seamless operations and legal compliance with our comprehensive company secretary services.

Punctual Compliance

Rest assured, we will diligently prepare and submit your annual returns to the Accounting & Corporate Regulatory Authority (ACRA) within the stipulated timeframe.

Keeping Current

Count on us to meticulously maintain and update all statutory registers to ensure accuracy and compliance.

AGM

We will assist you in convening meetings of shareholders and directors in accordance with the Companies Act.

Legal Adherence

Rest easy as we take charge of ensuring your company adheres to all legal requirements, steering clear of penalties and ensuring compliance at every step.

Frequently Asked Questions

What are the key advantages of engaging outsourcing services for company secretarial duties in Singapore?

Engaging in outsourced company secretary services in Singapore provides numerous advantages, including:

  1. Ensuring Regulatory Compliance:
    • Professional secretaries possess expertise in Singapore’s intricate legal and regulatory framework, safeguarding your company from penalties and fines.
  1. Operational Streamlining:
    • Delegating administrative tasks such as filing annual returns and managing board meetings to secretaries allows you to concentrate on core business activities.
  1. Cost and Time Efficiencies:
    • Outsourcing eliminates the need for recruitment, training, and dedicated office space, resulting in cost savings and freeing up valuable time.
  1. Access to Expertise:
    • Service providers offer local and regional expertise, providing in-depth knowledge of business environments and regulations.
  1. Reduced Administrative Burden:
    • By entrusting secretaries with administrative responsibilities related to compliance, you can focus on your business without the associated hassles.

What are the pivotal responsibilities of a company secretary in Singapore?

The role of a company secretary in Singapore encompasses diverse responsibilities, such as:

  1. Filing Annual Returns and Statutory Documents:
    • Ensuring the timely submission of annual returns and other statutory documents to the Accounting and Corporate Regulatory Authority (ACRA).
  1. Managing Registers:
    • Supervising the company’s register of members and directors.
  1. Meeting Coordination:
    • Organizing and participating in board meetings and general meetings.
  1. Minute Book Maintenance:
    • Keeping the company’s minute books in proper order.
  1. Corporate Governance Oversight:
    • Overseeing the implementation of the company’s corporate governance practices.
  1. Stakeholder Communication:
    • Engaging with shareholders and other relevant stakeholders.
  1. Legal and Regulatory Guidance:
    • Providing advice to directors on legal and regulatory matters.

What factors could necessitate the change of a company secretary for a business?

Several reasons may prompt a company to change its company secretary, including:

  1. Incapability of Current Secretary:
    • The existing secretary is unable to fulfill their duties effectively.
  1. Dissatisfaction with Service:
    • The company is dissatisfied with the quality of service offered by the current secretary.
  1. Outgrowing Current Services:
    • The company has expanded or evolved beyond the scope of services provided by the current secretary.
  1. Change in Legal Structure:
    • The company undergoes a change in its legal structure, necessitating adjustments in key roles.

What is the procedural method for altering the company secretary in Singapore?

To facilitate the alteration of your company secretary in Singapore, follow these steps:

  1. Appointment of New Secretary:
    • Designate a new secretary for your company.
  1. ACRA Notification:
    • Notify the Accounting and Corporate Regulatory Authority (ACRA) within 14 days from the appointment.
  1. Consent from New Secretary:
    • Assure that the newly appointed secretary furnishes written consent for the role.
  1. Update Company Register:
    • Revise the company’s register of directors and secretaries to accurately reflect the recent changes.

What consequences may arise for the omission of appointing a company secretary in Singapore?

Neglecting the appointment of a company secretary in Singapore constitutes a legal offense and may lead to:

  1. ACRA fines: Potential fines of up to S$1,000 for the company, accompanied by S$500 per day per officer in default.
  2. Legal Action: Consequences include prosecution, fines reaching up to S$10,000, imprisonment for a maximum of 2 years, and director disqualification for up to 5 years.
  3. Additional Consequences: Non-compliance with statutory obligations, harm to reputation, and challenges in attracting investors.

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As a Singapore company, staying legally compliant can be complex. Our experienced corporate secretaries handle all statutory duties so you can focus on growing your business.

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