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Value Accounting Singapore Corporate Secretarial Professionals
Corporate Secretarial Services – Frequently Asked Questions
Find answers to commonly asked questions on our annual secretarial services.
- What are the duties of a company secretary?
A company secretary in Singapore plays a crucial role in performing administrative and reporting functions as required by law. He/she is responsible for ensuring that the company complies with the statutory procedures, including filing annual accounts on time, notice of share transfer, and any other regulatory requirements. He/she is also expected to arrange general and board meetings and make sure that the necessary protocol is being observed.
- What are the qualifications to be a company secretary?
Under Section 171 of the Companies Act, a company secretary must be a resident of Singapore and not debarred under the law from acting like one. He/she must also have substantial knowledge and experience to discharge the functions of a company secretary in Singapore. And if the secretary will be working for a public company, he/she must qualify under the Legal Profession Act and the Accountant Act. It is also required that he/she is a member of four professional associations.
- Does your company need a company secretary?
Yes. Your company is mandated by law to have one or more secretaries within six months from your registration/incorporation. You may either appoint a company secretary in Singapore or seek annual secretarial services. You cannot leave this position vacant; otherwise, you may face some legal consequences.
- Why seek annual secretarial services?
Seeking annual secretarial services will help you get away from the stress of having to deal with the tasks of a company secretary. Taking the task off your desk saves you time and helps you concentrate more on growing your business. Also, it ensures that it is always in compliance. We will appoint a highly skilled and trained secretary to your company who can completely focus on doing his/her responsibilities.
Outsourcing secretarial tasks to the experts allows you to save money as you only pay for what you need. It’s more cost-efficient than hiring a full-time company secretary.
- Does a dormant company still need to seek annual secretarial services?
Yes. In fact, we offer annual compliance for a dormant company. We prepare unaudited financial statements, corporate taxes, and annual returns.
Get in Touch With Us
If you have further questions on our annual secretarial services, feel free to text us or to know more details on our services, please refer to our fees page.
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