All companies registered in Singapore must appoint a company secretary who is a resident of Singapore. If the company has only one director, that person cannot also be the company secretary. However, if there are multiple directors, one of them can serve as the company secretary. Although the Singapore Companies Act doesn’t clearly outline the role, the company secretary is mainly responsible for the administrative and reporting tasks required by law. Their job is to help the directors ensure that the company complies with all regulations. Are you looking for a Licensed ACRA FIling Agency? Let us help you with the duties and responsibilities of a company secretary in Singapore.
Appointing a company secretary is a key step in setting up a company in Singapore. The Accounting and Corporate Regulatory Authority (ACRA) requires every company to appoint a company secretary within six months of incorporation. The person you choose must live in Singapore and cannot be the sole director of the company.
If a company has more than one director, one of them can also be the company secretary. To be considered a resident, the company secretary must usually live in Singapore. This means they can be a Singapore Citizen, Permanent Resident, or someone holding an EntrePass or Employment Pass to work in the company.
The board of directors of a Singapore company is responsible for appointing the company secretary and deciding their pay. According to Section 171 (1AA) of the Companies Act, a company secretary for a public company in Singapore must be qualified and meet at least one of the following criteria:
A company secretary in Singapore is responsible to three main groups: the company itself, the directors, and the shareholders. Here are the key roles of a company secretary:
A company secretary in Singapore is essential for making sure the business follows the law by preparing, keeping, and organizing important documents. Curious about what a company secretary does? Let’s explore their role in more detail.
A corporate secretary has several important administrative and legal duties. These include making sure the company follows ACRA regulations, organizing important meetings, and overseeing key business areas.
In addition to their main legal and contract duties, the company secretary may need to handle extra tasks based on what the company requires. These responsibilities can go beyond their job description and may include areas like human resources and general administration.
The fiduciary duties of a company secretary in Singapore include:
At Clooud Consulting LLP, we ensure your business meets all compliance requirements from ACRA, IRAS, CPF, and MOM. Using AI and cloud technology, we keep track of deadlines to avoid penalties and offer advice on accounting and tax matters.
Our experienced team advises clients across various industries, providing tailored solutions to meet your business goals. You’ll have a personal company secretary who understands your specific needs, ensuring effective compliance. We focus on adding value by understanding your unique needs and helping you achieve your goals. Our experts are dedicated to giving you relevant support.
As a certified Filing Agent (FA20190164) registered with ACRA, we’re committed to keeping your company compliant. Let us handle your corporate governance needs so you can concentrate on growing your business. Contact us today to see how we can help!
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