Role of a Company Secretary
The Singapore Companies Act requires all companies is to appoint a qualified company secretary within 6 months of its incorporation date.
The Company Secretary plays a crucial role in the company’s incorporation.
- The company secretary must be a Singapore resident
- If at the time of incorporation there is only one director , that lone director is not allowed to act as the Company Secretary.
A company secretary typically assists the members and officers of the company with the following matters:
- Maintaining the statutory registers
- Assisting the company in its compliance with Singapore Companies Act
- Taking note of various statutory deadlines and taking responsibility when it comes to statutory compliance
- Ensuring that the company files statutory information accurately and promptly
- Preparing essential corporate resolutions
- Administers and checks the company’s compliance with Singapore regulations, keeps registers, organizes and records the minutes of meetings, sends out notices and other administrative duties.
- Handles mandatory procedural matters necessary in managing a locally incorporated company.
ECRA will appoint a qualified person to act as your company secretary on a annual retainer fee basis.
All documentation and filing services are charged separately over and above the retainer fee. These fees will be charged as and when then occur. These services may include the following:
- Passing Directors’ resolutions in writing pertaining to change of directors, registered address, bank account signatories, increase of issued share capital, transfer of shares, lodgement of the changes of officers’ particulars and so on.
- Assist in filing of statutory returns.
- Updating and maintaining statutory records.
- Advising and monitoring reminders for filing datelines of statutory returns with Accounting & Regulatory Authority (ACRA).
- Filing of the Annual General Meeting (AGM), Annual Return.
- Complimentary accounts related and company law consultation.
- Assistance and introduction for bank account opening.
Service Fees and Sign up
starting from $600/yr
- S$600 for up to 5 individual shareholders
- S$800 for 6 or more individual shareholders
- $1,000 if there are corporate shareholders
Annual retainer covers following:
- Update and maintain statutory registers and minute book
- Hold Annual General Meeting
- Reminders and Alerts for statutory returns
- File Annual Returns
- Extract of company profile
Estimated Fees per Transation
Fees range from $30 to $300
The transaction fees are charged for non-routine filings. For eg:
- Change in company name
- Amendments to Memorandum and Articles of Association
- Share Issues, Bonus Share Issues, Share transfers
- Additional transaction charges will apply as the occur for each documentation and filing
- Prepare resolutions for following:
- Appointments and Resignations of directors, auditors and secretary
- Changes of personal particulars of officers
- Change of registered address
- Bank account opening or closing
- Changes to bank signatories
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