You Need to Hire Corporate Secretarial Services Singaporeby Sneha Patil Top Singapore Company Registration Company
As per the Section 171, 1AA, of Companies Act of Singapore, every incorporated company must appoint at least a qualified company secretary within the six months of its incorporation. It is a criterion without which the registration of a company is not complete. The business owners have the option of hiring one of the corporate secretarial services Singapore.
The outsourcing to the company secretarial services Singapore serves to fulfill the double-layered legal prerequisite that each company must comply with. Firstly, it is mandated by the law and, secondly, the secretary as the fiduciary official must ensure that the directors & shareholders follow stipulated rules and regulations.
Hire Company Secretarial Services Singapore, Free Management
The general perception among the company owners & directors about the hiring of a corporate secretary is that it is a waste of money. Some of them try to do it on their own and save a few dollars. And sole directors do not qualify for holding the responsibility. Also, the secretary fields so many varied responsibilities that only the experts, especially those from the corporate secretarial services Singapore can ensure their assured compliance.
Moreover, the corporate secretary is a non-core task of the business. It does not create any revenue and profit. It is better to hand it over to the experts from the secretarial services in Singapore. It frees the directors and managers to go after the core-goals of the business whole-heartedly.
As the business owner, would you prefer these individuals to waste their time in supervising the preparation of the financial documents for annual filing or go out in the market and chase more customers to bring more business? Making these specialists responsible for the company’s statutory compliance is wasting their talent.
Avoid Any Breach of Statutory Compliance
Honestly, they may not be able to do full justice to both the tasks. And it can create a situation that most of the business owners do their best to avoid by hiring one of the corporate secretarial services Singapore. You may agree with them if you want to avoid falling prey to any of the following situations.
Improperly maintained and managed company records and documents
Failing to file accurate or timely annual return of the company
Failing to hold the Annual General Meeting in stipulated period
Any breach of the provision of the company law
Preparing incorrect end-of-the-year reports
Failing to validate a business resolution
Failing to inform the ACRA of the changes in the officials of the company
Failing to validate a significant business step
Failing to convey the change in the registered office address and office hours to ACRA
Failing to publish company’s name and registration number on the company documents, letterheads & correspondence
Principle shareholder failing to notify company of its interests
Benefit for Employing Secretarial Services Singapore
The prime reason for advocating the outsourcing to corporate secretarial services in Singapore is that it saves you from having to invest your resources in a non-core task. Today’s modern companies understand the benefits of outsourcing. It allows them to reduce the mental clutter in the workplaces. It can also reduce the stress levels in the company officials responsible for it.
Whenever there are deadlines to meet or the slightest suspicion of non-compliance, it suddenly changes the work environment. It affects the employees’ concentration level and focuses which can be detrimental in a competitive environment.
It is the reason, why a large number of MNCs and SMEs have taken to hiring company secretarial services in Singapore. On the other hand, it allows them to save on the expenses on the salary, employee benefit, and the infrastructure necessary for the in-house company secretaries. Well, there are benefits of appointing an experienced and reputed corporate secretarial services Singapore. The stress-free compliance and affordable costs are certainly among them.
SBS Consulting Pte Ltd
Created on Nov 9th 2017 23:09. Viewed 291 times.