The roles and responsibilities of Singapore secretarial services

1. The The responsibilities responsibilities of Singapore of Singapore secretarial secretarial services services roles roles and and of the Institute of Certified Public Accountants of Singapore Association of the Institute of Chartered Secretaries Administrators. 4.He has to achieve an experience of minimum three to five years as the company’s secretary before working as company secretary of the public company. 5.Need to pose the knowledge regarding taxation requirements for a company or business Singapore and and The secretarial service is very vital to run your company without any legal hazards. As per the company’s act of Singapore, within the first six months of the company’s incorporation appointing a company’s mandatory. The companies act doesn’t define the role, duties and responsibilities of a company secretary, as he or she is the officer primarily responsible for administrative and reporting functions mandated by law. The primary task of a company’s secretary is to assist the directors in ensuring that the company meets all its regulatory obligations. So if you are running a small scale business or planning to start a new one, then you need to hire a professional secretarial service in Singapore. entity. secretary is Functions of a company’s secretary: Company secretaries take on an extremely wide job scope, with their work ranging from reporting and updating of company information on The Accounting and Corporate Regulatory Authority (ACRA), which is the national regulator of business accountants and corporate service providers in Singapore. The qualification required for the company’s secretary: 1.The company’s secretary needs to be highly qualified in accounting and taxation. Also, there are several other requirements which one need to accomplish in order to act as the company’s secretary, which are as follows; 2.The company’s secretary has to be qualified and knowledgeable about the Legal Profession Act. 3.He needs to be registered under the Accounts act, also need to be a member entities, public i) Filling annual returns: Annual return is the return on investment provides over a period of time, which includes dividends, returns of capital and capital appreciation and expressed as a time-weighted annual percentage. Filing the annual returns

2. along with some other accounts requirements, which need to be fulfilled as per ACRA requirements are also responsibilities of the company’s secretary. Also if there any requirement for amendment of the company’s constitution the secretary will process the same. legal disputes. ii) Maintenance Registers: of Statutory The statutory register is the record book for the company’s administration, as the details of the company’s owners and shareholders are mentioned herein. The resolutions taken after a board meeting is also updated in the statutory register, along with the maintenance of Minutes Book is a vital responsibility of the company’s secretary. Also issuing of shares, distribution of Annual Report and company accounts are done by the secretaries. Conclusion: There are several statutory obligations set by the government, which need to be fulfilled by the Singapore secretarial services as failure to fulfill these statutory obligations may result in prosecution and penalties as per ACRA and the company’s act. As any kind of mistakes made in this field can be costly, with penalties such as fines, imprisonment and the removal of a director or company’s secretary from his or her appointment, which will surely hamper your business growth and affect your reputation. iii) Other responsibilities: The roles and responsibilities that company secretaries play are important with regard to legal compliance because a failure to meet these duties and requirements adequately can have many severe consequences for you and your company. Many of the compliance and reporting requirements are stipulated by law and order set by the government. A failure to adhere to them is equivalent to breaking the law, and your company will be subjected to