The Singapore government requires companies to appoint a secretary within 6 months of incorporation. The key role of a secretary is to keep the company compliant with the rules set by the Singapore Companies Act and Accounting and Corporate Regulatory Authority (ACRA). Within the company, the corporate secretary fulfils the advisory role.
As enforced by ACRA, a company secretary should be 1.) a natural person and 2.) a Singapore local resident.
The company's sole directory cannot take on this role.
This position cannot be vacant for more than half a year. A company will face penalties should it fail to fill the position.
For Your Corporate Secretarial Needs, Hire CorpXervices
We help companies smoothen their business operations. Our decades of experience and our extensive knowledge and understanding enable us to help with issues regarding statutory requirements and compliance. We can assist you with the following:
- Processing and fulfilment of incorporation requirements
- AGM and board meeting preparation
- Company constitution
- Statutory registers - updates and maintenance
- Financial statement preparation
- Advisory
- Company seal storage and usage
- Other financial duties
The article will help readers get an insight into the profitable market of the Gojek like business thereafter discussing about the setting up of a similar business in Southeast Asia making a special mention of Singapore and explaining its advantages and the steps that need to be followed when setting it up.
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