Complete Company Secretary Services with SBS Consulting

by Leslie S. Professional Content Writer

Keeping with the Company Act, every Singapore company, limited or unlimited by shares, must appoint at least one company secretary Singapore within 6 months of its registration date. Well, it is a multifaceted responsibility, and company directors prefer to outsource it to an experienced provider of corporate secretarial services in Singapore.

Well, the company secretary has to be an ordinarily resident of Singapore. You can hire a Singapore resident or an Employment or Entrepreneur Pass holder in this capacity. A company's directors can also act as its secretary. However, if you are the sole director, you are not qualified to take this responsibility.

Before doing anything, you need to keep in mind that:

Compliance-wise, a company secretary, plays a critical role
It is a non-core task of your business: no revenue or no profit
It can sidetrack you from the company goals to its administrative tasks

Corporate Secretarial Services by SBS Consulting

There are reasons why company directors prefer to outsource to corporate secretarial services in Singapore.

It gives them a chance to shift their administrative and compliance-related work off their workplace
It allows them to focus their full attention on achieving company goals and objectives
It effectively reduces their stress level as the provider is fully qualified to take care of the task

The company secretary in Singapore is the chief compliance officer of the company. They ensure that the board procedures, corporate governance, and statutory filings are as per the law and within the due dates.

Management of Shares
Reminder of Rules
Handling Activities
Board Meetings
Annual General Meetings

Documents Maintained by Company Secretary in Singapore

Well, a company secretary in Singapore is a job for a specialist. They competently discharge your administrative and compliance duties.

Update minute book
Maintain and update statutory registers of directors, shareholders, managers, secretaries, and auditors
Transfer of shares
Circulate annual reports, interim statements, and accounts of the company
Prepare director’s report
Assist the directors in their duties
Maintain corporate governance
Safe-keep & proper use of company seal

Outsourced Corporate Secretarial Services in Singapore

Yes, you can trust the secretary assigned to you by your provider for ensuring your business' compliance. They have updated knowledge of the latest changes in rules and regulations. They can simplify your,

Statutory filing using ACRA's BizFile+ e-portal
They can prepare and submit correct resolutions and maintain the right paperwork to authorities. This prevents the need for changes in future
They establish a company's financial year-end and helps in maximizing the company's revenue and in reducing its tax amount

Sometimes, even in-house company secretaries, due to the lack of experience, fail in taking the right actions. Well, it can really cost your company and may even create legal complexities.

And sometimes, you need a certified secretary with a Professional PIN, for example, to appoint a foreign shareholder. You can cover almost all eventualities by appointing a reputed provider of corporate secretarial services in Singapore. These experts help you in avoiding embarrassing situations and protects your brand image.

SBS Consulting Pte Ltd is a premier corporate secretarial service in Singapore. First of all, we dedicate a certified company secretary to see to your compliance. For a free consultation on matters related to company secretarial tasks, call us on +65 6536 0036 or email us at info@sbsgroup.com.sg for answers.