Functions of company’s secretary in SingaporeIf you are a business person or want to start a new business venture in Singapore, you need to abide by the company’s law in Singapore, which mandates that every company must appoint a secretary of the company. The company’s secretary is responsible for assuring the company is operating with relevant legislation and regulations. Also, the secretary also keeps the board members informed of their legal responsibilities towards the company. Thus for managing any business flawlessly in Singapore, secretarial services is utmost important for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements.
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Company’s Incorporation and Registration
Incorporation and registration is the legal process used to form a corporate entity or limited company. The incorporation process includes the company’s director’s nomination, name check and reservation, business monitoring and auditing, handling corporate compliance with disclosure requirements and other business regulation. Company registration Singapore requires several documents that include company name, profile, and the workers of the business, shareholders, address, business description, and a lot more and for this process, Singapore business registration services and other websites offer a great deal of information about these documents.
Maintaining Statutory Registers and Minute books
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Filing of Annual Returns
An annual return is the record of publicly available information about your company that appears on the Company’s Register. As per the Company Act of Singapore, all locally registered companies must file their annual returns to ACRA. That is the national regulator for business entities. It also plays the role to assist in the development of business entities in Singapore. Here the annual return is the annual submission of your companies' financial health and status to the registrar which is maintained by the company’s secretary.
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Nominee Services
If you are not a resident of Singapore or want to operate your company from abroad and intend to attend to company matters on a short-term basis, then in such cases, you need to find a local director to fulfil the minimum one resident director requirement, as per the legal requirements of the government of Singapore. Nominee services facilitate nominee resident director, nominee agents and nominee shareholder for companies having foreign or non-resident owners, till such time as an actual resident can be arranged.
In Singapore, secretarial services are mandatory to engage as per the rules and regulations have given by the government. Now you can hire a secretarial service for a full-time basis. But this will be costly if you are running a small scale business then outsourcing the secretarial service will come within your budget and also serve your purpose with expertise without any dispute. You can also read https://accounting-service.webnode.com/
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