5 reasons why you should

engage a Company
secretary in Singapore
Whether you are in process of incorporating
company in Singapore or you have registered
a Singapore company, one of the key
requirements for all companies incorporated in
Singapore is to have a company secretary who
must be a resident of Singapore. Company
secretary in Singapore is the primary person or
officer responsible for administrative and
reporting functions mandated by law. It is
therefore the job of company secretary to
ensure that the Singapore company he is
responsible for meets all the regulatory
obligations.
1. MANDATORY AS PER LAW

The Accounting and Corporate

Regulatory Authority (ACRA),
which is the national regulator of
business entities and public
accountants, mandates that every
company must appoint a company
secretary within six months of the
date of its incorporation.
2. A COMPANY SECRETARY IS RESPONSIBLE IF
COMPANY FAILS TO COMPLY WITH LAWS

According to ACRA website, The Secretary

may also be held liable for the companys
failure to comply with the law in certain
situations.
In this very case, the secretary holds the
highest standard of responsibility and care
towards its directors. He or she has a fiduciary
duty to keep the directors updated of changes
on Singapores Companies Act, all the
statutory requirements and compliance
requirements of the company as well as the
deadlines associating with them.
3. A COMPANY SECRETARY PLAY KEY ROLES TO
STAKEHOLDERS IN THE COMPANY

Company secretary of a Singapore

company plays extremely vital and
key role, not only in the context of
being responsible for regulatory
compliance but in terms of being
answerable to the company,
directors as well as shareholders.
4. A COMPANY SECRETARYS DUTIES AS
PER LAW

There are several duties of company secretary in

Singapore which are obligatory to be complied and a
Singapore company secretary is therefore
necessarily required to exercise them:
Statutory compliance with ACRA filing of the
companys annual accounts on time and maintaining
the necessary registers; notice of share transfers,
amendments to MAA, notice of removal or
resignation of auditors, change of registered office
address and any other regulatory requirement by
ACRA
Board meetings organize these meetings and
facilitate the companys formal decision making
process
5. A COMPANY SECRETARY HAS THE
POWER TO APPROVE COMPANY
RESOLUTIONS
A company secretary in Singapore, apart from
all the various roles and responsibilities has the
power to authenticate documents or formal
proceedings of the company. He or she may be
required to execute official documents with a
company director under the common seal.
Generally, a company secretary can issue
certified copies of company resolutions along
with any one of directors, which is considered
proof of passing of the resolution. In most cases,
authentication of resolutions by company
secretary is the necessary requirement for the
respective resolution to be considered valid.
For More information visit this link:

http://precursor.com.sg/5-reasons-
company-why-engage-secretary-singapore/
Contact us:

Precursor Group Pte ltd.

Address : 60 Albert Street #14-04 OG

Albert Complex Singapore

(189969)
Phone : (65) 63365500
Email id : clients@precursor.com.sg
Website : http://precursor.com.sg