The Accounting and Corporate Regulatory Authority (ACRA), which is the national regulator of business entities and public accountants, mandates that every company must appoint a company secretary within six months of the date of its incorporation.
Corporate Secretary
The key roles of a Singapore company secretary, as per ACRA, are:
- maintain the company statutory registers and records
- arrange for shareholder and director meetings
- lodge and file in time all necessary documents required by law
- provide administrative support in preparation of meetings
- provide comprehensive legal and administrative support to the board
- assist in the implementation of corporate strategies by ensuring that the board’s decisions are properly carried out and communicated
- ensure that the company meets all its legal obligations
- stay updated on relevant developments and changes in statutory and regulatory obligations
Requirements of a Corporate Secretary
The company secretary must be residing locally in Singapore and he/she must not be the sole director of the company.
The secretary of a public company must comply with section 171(1AA) of the Companies Act i.e. must possess at least one of the following qualifications:
- Been a secretary of a company for at least 3 of the 5 years immediately before his appointment as secretary of the public company.
- Qualified person under the Legal Profession Act (Cap. 161).
- Public accountant registered under the Accountants Act (Cap. 2).
- Member of the Institute of Certified Public Accountants of Singapore.
- Member of the Singapore Association of the Institute of Chartered Secretaries and Administrators.
- Member of the Association of International Accountants (Singapore Branch).
- Member of the Institute of Company Accountants, Singapore.
The Secretary may also be held liable for the company’s failure to comply with the law in certain situations.
Why Choose Us?
We are Singapore Citizen resident in Singapore.
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We are trusted to take care of Company Secretary’s Duties.
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