บล็อก
Company secretary responsibilities Singapore: An overview
|
Why company secretary in Singapore is important?
A company secretary plays an important role in the governance and administration of a company. In Singapore, the appointment of a company secretary is mandatory for all companies. A company secretary is responsible for ensuring that the company complies with various statutory and regulatory requirements. They are also responsible for maintaining accurate and up-to-date records of the company's affairs.
Key Responsibilities of a Company Secretary in Singapore
Maintaining Statistics Registers and Records
Maintaining Statistics Registers and Records
One of the primary responsibilities of a company secretary in Singapore is to maintain accurate and up-to-date statutory registers and records. These records include the register of members, directors, and secretaries, as well as the minutes of meetings, share certificates, and other important documents. The company secretary in Singapore must ensure that these records are accurate, up-to-date, and readily accessible for inspection by shareholders, directors, and regulators.
Ensuring Compliance with Statistics and Regulatory Requirements
Another critical responsibility of the company secretary in Singapore is to ensure that the company complies with all relevant statutory and regulatory requirements. This includes filing annual returns with the Accounting and Corporate Regulatory Authority (ACRA), maintaining the company's business profile, and ensuring that the company's financial statements are prepared in accordance with the Singapore Financial Reporting Standards (SFRS).
Ensuring Directors Comply with Their Statutory Duties
The company secretary in Singapore is responsible for ensuring that the company's directors comply with their statutory duties. This includes ensuring that directors are properly appointed and removed, maintaining their personal information, and ensuring that they receive appropriate training and support. The company secretary in Singapore must also ensure that the company's directors are aware of their legal obligations, including their duties of care, diligence, and loyalty to the company.
Organizing and Conducting Board Meetings
The Singapore company secretary is responsible for ensuring that the company's board meetings are properly organized and conducted. This includes preparing the agenda, circulating board papers, and taking minutes of the meetings. The company secretary in Singapore must also ensure that the company's directors are provided with sufficient information to make informed decisions.
Organizing and Conducting Shareholder Meetings
The company secretary in Singapore is responsible for ensuring that the company's shareholders are properly informed and engaged. This includes organizing and conducting shareholder meetings, preparing and circulating notices of meetings, and ensuring that shareholders are provided with relevant information and reports.
Maintaining the Company's Constitution and Other Governing Documents
Finally, the company secretary in Singapore is responsible for ensuring that the company's constitution and other governing documents are up-to-date and properly maintained. This includes making changes to the company's constitution when necessary, ensuring that the constitution complies with all relevant statutory and regulatory requirements, and ensuring that the constitution reflects the company's current needs and objectives: https://bbcincorp.com/sg/articles/company-secretary-in-singapore
