Bestar Reply Helping Change of Company Secretary to Bestar Singapore Inquiry
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- 4 days ago
- 5 min read
Updated: 3 days ago
Bestar: Singapore Company Secretary Change
Navigating Change: Bestar's Expert Reply to Your Singapore Company Secretary Inquiry
Bestar Reply Helping Change of Company Secretary to Bestar Singapore Inquiry
Is It Time to Change Your Company Secretary in Singapore? Bestar Provides Clarity and a Seamless Solution
In Singapore's dynamic corporate landscape, the role of a Company Secretary is a cornerstone of regulatory compliance and good governance. At Bestar Singapore, we understand that circumstances change, and switching your Corporate Secretary or corporate service provider is a decision that requires careful consideration and a trusted, expert partner.
If you are currently evaluating a change, or if you've encountered issues such as missed deadlines, insufficient guidance, or a lack of responsiveness from your current provider, you are not alone. Bestar is ready with an efficient, compliance-focused reply to your inquiry about changing your company secretary.
Bestar's Assurance: A Smooth Transition is Our Priority
Switching your Company Secretary doesn't have to be a complicated or stressful process. When you choose Bestar Singapore for your corporate secretarial needs, you are partnering with a team that specializes in ensuring a quick and fully compliant transition, allowing you to refocus on your core business operations.
Bestar's 3-Step Process for a Seamless Change:
Initial Consultation & Due Diligence: We start with a comprehensive review of your company's current statutory records and compliance status. This ensures we have a complete picture, identifying any past gaps that need immediate attention to maintain good standing with the Accounting and Corporate Regulatory Authority (ACRA).
Formal Appointment & Resignation: Our expert team takes the lead in coordinating the formal steps:
Drafting the required Directors’ Resolution in Writing (DRIW) to note the resignation of the outgoing secretary and the appointment of the new Bestar-provided secretary.
Preparing Form 45B, where your new secretary indicates their consent to act.
Liaising with your former provider to ensure a swift handover.
ACRA Filing & Documentation Handover: We handle the electronic filing with ACRA’s BizFile+ system within the mandatory 14-day timeframe. We also coordinate the physical transfer of all statutory registers, minute books, and essential corporate records, ensuring a complete and documented handover.
Crucial Compliance Tip: Under the Singapore Companies Act, the position of Company Secretary cannot be left vacant for more than six months. By managing the resignation and appointment simultaneously, Bestar guarantees continuous compliance, protecting your company and directors from potential fines.
Why Choose Bestar Singapore for Your Corporate Secretarial Services?
When you decide to change your corporate service provider, you are not just changing a name on a form; you are choosing a partner for the long-term compliance health of your business. Bestar stands out for several key reasons:
Expert Compliance: Our team of qualified professionals possesses deep knowledge of the Companies Act and all regulatory updates, ensuring your company remains penalty-free.
Proactive Advisory: We go beyond mere filing. We provide timely advice on corporate governance, restructuring, and statutory deadlines (such as your Annual General Meeting and Annual Return).
Transparent Pricing: We believe in clarity. Our quotations are comprehensive, with no hidden or excessive additional fees for standard compliance services.
Integrated Services: As a full-suite corporate service provider, we can also support your needs for nominee director services, accounting, and tax compliance, all under one roof.
Common Questions When Changing a Company Secretary (FAQs)
Q1: What are the key compliance requirements for a Company Secretary in Singapore?
A: A Company Secretary must be a natural person who is ordinarily resident in Singapore (a Singapore Citizen, PR, or EntrePass/EP holder). They cannot be the sole director of the company. Appointing a new secretary must occur within 6 months of the former secretary's cessation.
Q2: How long does the process to switch to Bestar typically take?
A: The entire process, from engagement to final ACRA filing and handover, typically takes 1 week, depending on the responsiveness of the outgoing provider and the completeness of your existing records. Bestar works swiftly to minimize any potential disruption.
Q3: Can the change of Company Secretary be done near statutory deadlines?
A: While legally possible, it is strongly advised against. Changing a corporate secretary close to critical deadlines (e.g., Annual Return filing or AGM) can lead to delays and potentially result in late filing penalties. Bestar helps you strategize the best time for the transition.
Ready to partner with a trusted, compliant, and responsive corporate secretarial service?
Contact Bestar Singapore today for a complimentary, no-obligation consultation. Let us show you how easy and seamless your corporate transition can be.
Contact Us at +65 62994730 or email admin[at]bestar.asia
Bestar Singapore Fees: Transparent Pricing for Corporate Secretarial Services
Bestar Singapore is known for offering competitive and transparent pricing for its suite of corporate services, which includes company incorporation, accounting, and essential corporate secretarial duties.
Here is a general overview of the fees, specifically addressing the cost of a Change of Company Secretary and the associated annual retainer.
1. Change of Company Secretary Fee (One-Time)
When you are switching your corporate secretarial services to Bestar, there is a one-time administrative fee to facilitate the change, which includes all the necessary document preparation and ACRA filings.
Service Item | Bestar Fee | Total Cost | |
Change of Company Secretary | S$50.00 – S$150.00 | S$50.00 – S$150.00 | |
This fee covers: | Preparation of Directors' Resolution | Covers full transition process | |
Filing of the cessation (outgoing) | |||
Filing of the appointment (Bestar) |
2. Annual Corporate Secretary Retainer Fee
After the change of company secretary is completed, your company will be placed on Bestar's annual retainer for ongoing compliance.
Service Item | Bestar Annual Fee |
Annual Corporate Secretary Service | S$350.00 per year (Nett/Basic Package) |
What is included: | 12 months of service, monitoring of ACRA deadlines, preparation of AGM documents, and preparation/lodgement of the Annual Return (excluding the statutory ACRA Annual Return filing fee of S$60). |
3. Other Core Corporate Services Fees
If you require other essential services, the pricing from Bestar are:
Service Item | Bestar Annual Fee | Notes |
Company Incorporation (1-time) | S$650.00 (Often includes the first year's Corporate Secretary fee) | Includes all government fees (S$315) and full document preparation. |
Registered Office Address | S$180.00 per year | Provision of a statutory address for official communication. |
Nominee Director Service | S$2,500.00 per year | Required for foreign-owned companies, plus a refundable security deposit. |
Ad-Hoc Resolution Drafting | S$50.00 – S$150.00 per resolution | For non-routine changes like share transfers, allotment, or name change. |
💡 Request a Final Quote from Bestar
To receive the fee structure for your specific company's needs (especially if your company is complex or requires additional non-routine services), contact Bestar Singapore for a personalized quotation.
Our policy is generally to ensure transparent pricing with "no extra charges" for standard package inclusions.
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