Companies must appoint a company secretary within 6 months from the date of incorporation. Companies that fail to do so may face a penalty of up to $1,000.
A company secretary is responsible for the administration of the company and is required to ensure that all the directors and shareholders are informed of their statutory obligations such as the filing of annual returns.
The responsibilities may vary depending on a company’s needs.
Below are some examples:
• Administer, attend and prepare minutes of meetings of directors and shareholders registers and minutes books
• Keep company directors aware of the deadlines for annual returns and any other filings required by ACRA registers and minutes books
• Update directors and shareholders on relevant changes in corporate regulations
Requirements of a company secretary are:
• Locally resident in Singapore
*The sole director of a company and the company secretary cannot be the same person.
Belinda OngFood & Beverage Business Owner
Mdm TanSmall & Medium Enterprise Owner
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