Company Secretary Services Singapore: 5 Key Responsibilities
Singapore has become such a vibrant business hub with many companies considering opening businesses in the country. Before you open a company in Singapore, you should be well conversant with the legal requirements and other key things that should be put in place. One of the key requirements is the engagement of company secretary services as there are key things that will only be executed by a company secretary.
Here are some of the key responsibilities of a company secretary that you should be well conversant with before choosing the right professional company to engage for company secretary services;
Company compliance officer
The company secretary is the person who ensures that the Board Members are well conversant with their legal responsibilities. That’s why it’s advisable that great care is taken when choosing company secretary services Singapore as the professional will be charged with very sensitive issues that pertain to the company. One of the statutory requirements is that every company in Singapore is required to appoint either one or several company secretaries so ultimate care should so as to ensure that the right choice is made.
Maintains the company’s statutory records and registers
The reason why you should choose company secretary services from a professional company is so that you can be assured of engaging a person with the required level of expertise. The company secretary that you choose should be well conversant with maintaining and updating the statutory registers as required by the law. They should maintain an updated register of shareholders alongside other vital documentation that pertains to the successful operation of the company.
Provide the board with comprehensive legal and administrative support
The company secretary services are quite sensitive and it’s for that reason that you should consider engaging a professional company with depth skills in problem-solving, management, better communication skills alongside other key skills. The company secretary should ensure that member’s records and the director’s meetings are undertaken in compliance with the company’s Act. The professional selected for the job should be one who is well experienced and with a high level of credibility.
The company secretary should provide advice to the directors in regards to how the Act should be applied, in-depth understanding of the constitution and other legal requirements. The professional should communicate the articles of association and memorandum of understanding in a way that the directors and shareholders can easily understand.
Ensure the establishment of necessary registers
Another key task of company secretary services Singapore is to ensure that the necessary registers are established and also well maintained. The company secretary should also ensure that the financial records of the company are well maintained and the reports are prepared in accordance to the requirements Act.
Development, Implementation, maintenance, and communication
When seeking for company secretary services Singapore, you should ensure that you engage a legally registered company that clearly understands what should be done. The company secretary that you settle for should be able to engage in the development of the company policies and ensure that relevant communication is kept across the organization.