The majority of successful companies would agree that the most crucial step in developing a profitable business strategy is to hire the right people. A skilled and experienced corporate secretary should be at the top of your priority list when looking for new hires to assist you expand your business.
Corporate secretaries are vital to any business venture, whether you’re starting from scratch or wanting to break into Singapore’s crowded commercial scene with an offshore operation. They can help you with any of these scenarios
As a corporate secretary, what are the most critical duties?
A business secretary is often responsible for all administrative activities inside an organization, regardless of the industry, size, or economic capacities of that organization.
The function of a company secretary is to ensure that all of your business’s actions are in complete conformity with all applicable regulatory laws and regulations. In reality, the Singapore Companies Act mandates the appointment of a corporate or company secretary in the event of the formation of a new limited liability company. This must be completed within six months.
Having a Business Secretary in place is required under the Companies Act of the Republic of Singapore
Company administration is the primary role of a Firm Secretary. All business regulations and procedures must be adhered to by these individuals at all times. Meeting agendas and minutes, as well as resolutions and other decisions made by shareholders and directors, are all tasks performed by the secretary as part of her role in corporate governance. For the routine secretarial services you need the best.
When it comes to safeguarding the company’s business interests as well as those of its shareholders, the job of the Company Secretary is a critical one. In order to ensure that shareholders have a voice at the company’s Annual General Meeting, the secretary must communicate with them often and disseminate financial records on a timely manner (AGM).Let’s take a closer look at the duties of a company secretary.
Do corporate secretaries help in any manner with the day-to-day running of the business?
Under Singapore’s Companies Act, the Company Secretary is responsible for a range of administrative and statutory tasks.
Legal records should be kept up-to-date
To maintain and update the statutory registers in line with the regulations of the Accounting and Corporate Regulatory Authority, the Company Secretary is in charge (ACRA). In addition to presenting the company’s annual accounts on time, alerting auditors of their removal or resignation, and preserving the required registers of key owners, members and charges among other things.
This is the Safeguard Company’s ‘Common Seal.’
It is an official seal used by the company to authenticate papers on behalf of the shareholders, such as stock certificates, contracts, and deeds. Consequently, the Company Secretary is responsible for protecting the company’s common seal and affixing it to documents when required.
Prepare the annual general meeting’s notifications, agenda, and minutes
The Company Secretary is in charge of organizing board and shareholder meetings. It is their job to notify important shareholders of meetings, prepare the minutes from the annual general meeting and keep accurate records for the corporation.
Services for Corporate Compliance Advisory
In order to ensure that the firm is in full compliance with all relevant corporate laws, the Firm Secretary is in charge of this function. In addition, they are responsible for keeping abreast of advances in corporate governance, advising and helping the directors in the performance of their responsibilities, and advocating adherence to strong corporate governance practises and principles.