1 / 6

The Legal Requirements For A Company Secretary

All Singaporean corporations are required to employ a company secretary in accordance with Section 171 of the Companies Act. A cheap company secretary in Singapore makes sure that your business complies with Singaporean corporate law. Read to know more.<br>

tnplsingapore
Download Presentation

The Legal Requirements For A Company Secretary

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. THE LEGAL REQUIREMENTS FOR A COMPANY SECRETARY – YOU MUST KNOW www.tnpl.com.sg

  2. Under section 171 of the Companies act, it is mandatory for all the companies in Singapore to hire a company secretary. A cheap company secretary in Singaporeensures that your company must comply with Singapore company law. The company secretary plays a number of vital roles as an officer, advisor, and fiduciary to the company, shareholders, and board members. The secretary ensures the success of the company in Singapore. But without the proper knowledge, you are not able to hire a competent secretary for your company. There are some legal requirements that you need to fulfill.

  3. Legal Requirements Of A Company Secretary • It is mandatory for companies to hire a secretary within 6 months from the date of Company Incorporation. • The person you are hiring for secretary must be a natural or resident of Singapore. • The position of a company secretary must not be vacant for more than 6 months. • Make sure the sole proprietor of the company and the company secretary must not be the same person. • Private companies don’t require to hire a professionally qualified company secretary, but public companies must require to appoint a qualified company secretary.

  4. Procedure Of Appointment For Company Secretary • First, you need to convene a board meeting to provide a notice to all the directors and pass a resolution to hire a company secretary. • You need to file DIR-12 and MGT-14 forms within 30 days of the date of appointment to inform the registrar of the company about the company secretary’s appointment. • After the appointment of a company secretary, you need to maintain the registrar properly of directors, make necessary entries and key managerial personnel. • In the case of a listed company, you have to inform the stock exchange where the company shares are listed.

  5. Duties Handled By A Company Secretary • The company secretary has a wide range of duties that must be performed to ensure the company complies with Singapore company law. Below, we have curated the list of the duties handled by a company secretary: • All Filing With ACRA • Maintain Statutory Registers • Board Meetings • Annual General Meetings • Other Essential Duties

  6. Contact Us 65 6719 2295 tony@tnpl.com.sg www.tnpl.com.sg 531A Upper Cross St, 03-108 Hong Lim Complex, Singapore 051531

More Related