Companies must appoint a company secretary within 6 months from the date of incorporation. This position cannot be left vacant for more than 6 months or the directors may face a penalty of up to S$1,000.
A Company Secretary is responsible for the administration of the company. He/She is also required to ensure that all the directors and shareholders are informed of their statutory obligations such as the filing of annual returns.
The responsibilities of a Company Secretary can be varied depending on a company’s needs. Below are some examples:
a) Maintain and update the company’s registers and minutes books.
b) Administer, attend and prepare minutes of meetings of directors and shareholders.
c) Keep company directors aware of the deadlines for annual returns and any other filings required by ACRA.
d) Update directors and shareholders on relevant changes in corporate regulations.
Many businesses opt to outsource the functions of a Company Secretary because it is cost-effective and convenient. At StarTeam, with the proprietary technology we have invented and our our team of experts to advice on everything pertaining to Company Secretarial services, your company will be in very safe hands. There is also a wide range of complementary services, such as Free professional consultation and auto-filing reminders, just to name a few. statutory obligations under the Companies Act; engaging in StarTeam’s Company Secretarial ACRA has issued countless summons to companies that have violated or failed to comply with the services ensures compliance with regulatory requirements.
Before appointing yourself as the Company Secretary for your business, you should be aware of the requirements of a Company Secretary. According to the Companies Act of Singapore, a Company Secretary must be a resident of Singapore, such as a citizen or a permanent resident. The Company Secretary must also have the necessary experience, knowledge and qualifications for the position.
- Business Profile of Company - Provided by ACRA (Can be extracted via Myinfo Business)
- Memorandum and Articles of Association / Constitution
- Directors’ Particulars (Can be extracted via Myinfo/Sumsub)
- Shareholders’ Particulars (Can be extracted via Myinfo/Sumsub)
No it is not. Switching Company Secretaries is quick,easy and total fuss-free.
We will help you prepare all the documents and submit them to ACRA on your behalf. You do not have to do anything.
Most businesses in Singapore do not need a full-time Company Secretary, so by outsourcing the role you will be able to save costs while ensuring that your secretarial responsibilities are still being handled by experienced professionals who assist you with compliance and provide related practical solutions.
StarTeam will contact your current provider to collect all your statutory records and file the necessary notifications to ACRA on the change. Even if your current providers do not respond, we will go ahead with the procedure. The transaction will be StarTeam processed regardless!
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