A company secretary is responsible for ensuring compliance with all legal obligations after being appointed by the board of directors. It is vital that the company secretary ensures that the board’s procedures are observed and reviewed on a regular basis.
To ensure the success of the company, a corporate secretarial service singapore should be appointed at the time of registration. It is common for the company secretary to have a long list of useful contacts, as he or she is often the one shareholders and other external stakeholders turn to for information. When they need assistance in these areas, they can contact experienced Tax Accountants and Chartered Accountants.
Accountants and tax professionals can provide the directors with accounting and tax advice. A business typically engages accountants during its formation phase because there are numerous factors to consider, including ensuring it complies with its legal and administrative requirements. The company secretary commonly refers company directors to good accountants and consultants.
In their role as the company’s secretary, they usually bear responsibility for errors made by the company. The company secretary will be able to resign from their role while still working for the company. However, it’s more common to resign from both positions simultaneously.
It is possible for a virtual office service singapore to perform all of the duties of a company secretary himself, or he can appoint a company secretary to handle only the secretarial duties. In accordance with the Companies Act 2006, companies incorporated under public limited company status are required to have a company secretary. While a company secretary may not always be necessary for private companies, it is generally recommended to ensure that the secretarial affairs of the company are handled efficiently. There may be advantages to appointing one or more joint company secretaries for some companies. There are many companies that provide secretarial services.