Significance of A Company Secretary in Singapore for All Level Businesses

 

Every company incorporated in Singapore has to follow the Singapore companies Act, section 171, and appoint a professional company secretary in-house too. Make sure the company secretary is a citizen of Singapore or has a permanent residency pass to stay in the city legally. Hence, it is a mandatory rule for all small to large level companies in Singapore to have a professional company secretary to run the business smoothly. So, if you are going to set up a new business or company in Singapore, you should fulfill all eligibility criteria and documentation formalities of business setup in authentically. Once you get done with the business incorporation process and complete six months of it, your next step should be to appoint an experienced corporate secretary for the company. A company secretary is the professional, who plays a vital role in managing a company’s all kinds of business works related to its different departments like operations, legal matters, maintaining company register, handle financial, banking, and corporate issues, administration, the board of directors, and other functional matters of the business that are based on the company’s policies. These all are the prime duties of a company secretary that need to be fulfilled adequately by him. Hence, there is a great importance of a company secretary for every company in Singapore to grow and manage its daily business activities professionally. 

If you have a small business in Singapore and want to run it legally, you should appoint a skilled company secretory. If you are unable to hire an expensive company secretary for full-time service, you may also outsource the whole work of the company secretary to the leading corporate secretarial service in Singapore. Here, an authorized corporate secretary service the agency is liable to manage all kinds of business operations, administration, legal, and rest of the business matters of the client’s company legally. For this aim, the agency includes professional company secretaries, who are available full-time as well as part-time services and will manage all kinds of corporate secretarial requirements of the client’s business too. 

For appointing a company secretary in the organization, the board of directors will be responsible, and they have to decide mutually to hire an experienced secretary officer for the organization to manage all corporate works of the company professionally. Here are many specific duties that have to perform a company secretary in compliance with the company’s growth. 

Let’s take a look at the key responsibilities of a company secretary in Singapore:

                                    

• Maintain company register and daily staff activities 
• Schedule meeting sessions of the board of directors and shareholders of the company
• Provide support to the operational and administrative departments in their works.
• Handling all corporate and legal matters of the company through legit ways.
• Ensure that the company achieves its annual targets successfully by making efforts by every department. 
• Provide comprehensive support to directors to make business growth plans. 
• Manage all banking, capital, and financial issues of the company. 
• Make sure the company follows all corporate rules of ACRA and other legal entities in Singapore. 
• Maintain all records of the company’s previous and present services, banking, taxation, and other business activities for future reference.

Thus, a professional company secretary in Singapore will have to perform all the above duties in an adequate and legit way. If you are unable to hire a company secretary, you should apply for corporate secretary service firms in Singapore. At such firms, you will get all the secretarial works of your organization done legally by the agencies. 

On the other end, you will also get visa and immigration services from corporate secretarial service agencies in Singapore. Such services are necessary for those who want to work or do business in Singapore. For instance, if you are looking for a job in Singapore, you will have to apply for the work pass in Singapore first. Your work pass should be issued by the company in which you get the job. For more information about immigration, visa, and company secretarial services in Singapore, you should consult with professional business consultants in the city wisely.