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Absolutely, it's not just necessary; it's required by law. You need to appoint a Company Secretary within 6 months of incorporating your company. They play a crucial role in ensuring your company meets all legal and regulatory obligations.
A corporate secretary, also known as a company secretary, plays a vital role in efficiently managing the administrative tasks of a company in Singapore. Their responsibilities extend beyond mere compliance with the Accounting and Corporate Regulatory Authority (ACRA) regulations.
Key Duties of a corporate secretary :
- Ensuring adherence to the company's Constitution
- Maintaining and updating the statutory registers of the company
- Submitting annual returns
- Organising the Annual General Meeting
- Handling changes in company particulars such as name, address, and officer appointments
However, there are several misconceptions about corporate secretarial services in Singapore that can leave many companies vulnerable to compliance issues and governance challenges. Click this article as we debunk these misconceptions to provide a clearer understanding of the importance of corporate secretarial services in Singapore.