All company secretarial services singapore must meet a key requirement for the appointment of a company secretary who must be a Singapore resident.
If there is only one manager or director in the company, he cannot serve as the secretary of the organization. But if the company has more than one manager, one of the managers can as well operate as the secretary of the company.
Although company secretarial services singapore Act does not specify a company secretary’s position, duties and responsibilities, he or she is the officer primarily responsible for the legally prescribed administrative and reporting functions. It is, therefore, the responsibility of the secretary of the group to support the managers of the business and ensure that the firm fulfills all its legal obligations.
Main duties of Secretary of a Singapore Corporation
A Singapore Company Secretary’s duties and responsibilities can be generally grouped under three headings based on who he or she is referring to:
To the company: guarantees that all applicable contractual duties are satisfied, the company’s business interest is always secured, good corporate governance is exercised and is periodically available at the company’s registered address.
To the managers of the company: function as an adviser to the managers and provide any practical support needed; exchange knowledge with all managers in a timely manner so that they can participate completely during the board meetings.
To the shareholders of the company: consult with the shareholders on a regular basis to ensure that their interests are protected; disseminate financial statements on a timely basis so that shareholders are prepared to take part in the Annual General Meeting of the company’s decisions.
Thus, as per ACRA, the key duties of a company secretary in Singapore are:
- Maintain business regulatory lists
- Records plan for shareholder and manager meetings.
- Lodge and file in good time all necessary documents required by law
- Provide administrative support in planning meetings
- Assist the board in the execution of organizational policies by ensuring that the judgments of the board are properly implemented.