When setting up a company, you must appoint directors, company secretary and other key personnel in your company. All companies must appoint a secretary.
Appointing Company Secretary
Every company must have one or more secretaries each of whom must be a natural person who has his or her principal or only place of residence in Singapore and who is not debarred from acting as secretary of the company.
It is the duty of the directors of a company to take all reasonable steps to secure that each secretary of the company is a person who appears to them to have the requisite knowledge and experience to discharge the functions of secretary of the company.
Companies must appoint a company secretary within 6 months from the date of incorporation. The office of secretary must not be left vacant for more than 6 months at any one time or the directors may face a penalty of up to $1,000.
The secretary or secretaries are to be appointed by the directors. Any person who is appointed by the directors of a company as a secretary must, at the time of his or her appointment, by himself or herself or through a registered qualified individual authorised by him or her, file with the Registrar a declaration in the prescribed form that he or she consents to act as secretary and providing the prescribed particulars.
A company secretary is responsible for the administration of the company. He is also required to ensure that all the directors and shareholders are informed of their statutory obligations such as the filing of annual returns.
The responsibilities of a secretary can be varied depending of a company’s needs. Below are some examples:
Maintain and update the company’s registers and minutes books.
Administer, attend and prepare minutes of meetings of directors and shareholders.
Keep company directors aware of the deadlines for annual returns and any other filings required by ACRA.
Update directors and shareholders on relevant changes in corporate regulations.
Requirements of a Company Secretary
A company secretary must be:
A natural person.
Locally resident in Singapore.
Where a director is the sole director of a company, he or she must not act or be appointed as the secretary of the company.
How Bestar can Help
Bestar can help with company secretary services in Singapore in a number of ways. These include:
Incorporating your company: Bestar can help you with the entire company incorporation process, from choosing the right business entity to filing the necessary paperwork with the Accounting and Corporate Regulatory Authority (ACRA).
Providing named company secretary services: Bestar can act as your company's named company secretary, which means they will be responsible for ensuring that your company complies with all of its statutory obligations.
Providing nominee services: Bestar can provide nominee services for your company, which means they will act as the shareholders or directors of your company on your behalf. This can be helpful if you do not want to be the public face of your company or if you are not resident in Singapore.
Providing registered office services: Bestar can provide registered office services for your company, which means they will provide a physical address in Singapore that can be used as your company's registered office. This is a requirement for all companies incorporated in Singapore.
Maintaining statutory registers and corporate records: Bestar can maintain your company's statutory registers and corporate records, which are required by law to be kept up-to-date. This includes records of shareholders, directors, and meetings.
Assisting with corporate compliance matters: Bestar can assist you with a variety of corporate compliance matters, such as filing annual returns, paying taxes, and holding shareholder meetings.
Bestar is a reputable company secretary services provider in Singapore with a team of experienced and qualified professionals. They can help you with all of your company secretary needs, so you can focus on running your business.
Here are some of the benefits of using Bestar for your company secretary services:
Expertise: Bestar has a team of experienced and qualified professionals who are well-versed in the Singapore company law.
Reliable: Bestar has a proven track record of providing reliable and efficient company secretary services.
Cost-effective: Bestar offers competitive rates for its company secretary services.
Flexible: Bestar can tailor its services to meet the specific needs of your business.
If you are looking for a reliable and cost-effective company secretary services provider in Singapore, then Bestar is a great option.
If you would like to know more, please contact Bestar.