A company secretary is a key member of the management team, and their job is to ensure that the company follows all legal requirements. In addition to being a knowledgeable resource for company law, a company secretary must prepare all director reports and accounts. They also correspond with shareholders, deal with transfers of shares, and address shareholder concerns. A company secretary will also prepare all board meetings. They will invite directors to a meeting, announce the date and place, and produce meeting minutes. The secretary will also inform the regulatory information service of decisions made during the meeting.
When an entity is established, the company secretary is responsible for managing its processes and ensuring its compliance with laws. The services of a company secretary can help ease the burden of administrative work, especially if the company is new. They can also assist in establishing a process for setting up a new entity. These services are an invaluable asset when starting a new business. They can help you manage these processes and keep your company legal and compliant.
The cost of corporate secretarial services will depend on the needs of your business. Some companies offer basic services for as little as SGD 775, while others offer premium packages for foreign companies and entrepreneurs. Depending on your business size, you can choose a package that is tailored to meet your needs. If you need additional services, you may need to pay extra for those. In addition, some firms offer other business solutions, such as incorporation, payroll, and taxation.
Another advantage of outsourcing your company secretarial services is the reduced cost. You don’t need to hire a full-time company secretary. An experienced service provider will help you determine the best option for your needs. Most companies offer both on-demand and project-based services. In addition to their expertise, a company secretary should be familiar with your industry and your company. In addition, they should be knowledgeable and experienced in dealing with the challenges that come with running a business.
Using a company secretary in Singapore is a crucial choice for small businesses. Incorporating a company in Singapore is a legally-compliant process, but there are some legal issues involved. A corporate secretary should be able to handle these details on your behalf. In order to be fully compliant, you must employ a legal team that is experienced in company secretarial services. A legal team that has the necessary expertise should be able to focus on strategic legal work.
Hiring a company secretary is a must-have for any company in Singapore. Not only will they oversee a company’s daily activities, but they will also ensure it is legally compliant. The company secretary must be a Singapore resident, and hold a valid employment pass or dependent pass. Additionally, a company secretary is required by law to attend all meetings and maintain minute books. They must also follow the rules and regulations of the corporate board.