Do you have a new business setup in Singapore? If yes, you are supposed to be done with all legal requirements of company incorporation and registration in advanced. After getting done with all such legal formalities and documentation procedures of company incorporation in Singapore, you have to obtain the genuine registration number of the company first. Afterwards, you can apply for the affiliation of company with ACRA (Accounting and Corporate Regularity Authority) and IRAS (Inland Revenue Authority of Singapore) authorities in Singapore for streamlining all accounting, taxation, company audit, business passes, and rest of financial matters to resolve in a legal way. Thus, there are many significant steps that you will have to take for incorporation of new company in Singapore through genuine ways.
After completion of six months of the company incorporation in Singapore, you will have to appoint a professional company secretary in-house. It is a mandatory rule in Singapore to be skilled company secretary in all level companies in the country. Here are many significant works that will have to perform company secretary in favor of company such as:
- Manage company’s operational activities.
- Resolve legal and administrative matters of the company.
- Schedules for corporate meetings of company’s directors, shareholders and clients.
- Maintaining register of company’s employees and keep record their details in that.
- Suggests the possible ideas of business development to the directors.
- Conduct meeting sessions of board of directors of company, but do be part of it.
- Managing banking, taxation and rest of financial matters of the company.
Thus, above are some vital jobs of a qualified and experienced company secretary in Singapore that need to be performed wisely by him in favor of company’s betterment. In case, you are unable to hire expensive company secretary in-house, you may also outsource its services to the genuine corporate secretarial service agencies in Singapore too. At such agencies, you will find fully experienced and verified corporate secretaries, who have massive exposure in all sorts of company secretary works and can help the small to large level organizations in Singapore to manage their corporate secretary duties as per requirement and under the laws.
There is a long listing of widely demanded corporate secretarial services in Singapore that are as follows:
- Managing company’s statuary registers and minutes books
- Filing for company’s taxes or annual returns.
- Transfer company’s shares
- Handling legal and operational matters of company
- Scheduling meeting sessions among directors and shareholders
- Changing company’s staff, shareholders, and auditors
- Apply for affiliation of company’s accounting works with ACRA
- Fulfilling company’s registration and license requirements
- Making changes to Memorandum and Articles of Association
- Applying for company’s investments.
- Calculating company’s annual profit and loses
- Maintaining company’s register including details of staff, directors, and shareholders
- Applying for private limited tag of company
- Manage company’s Limited Liability Partnership (LLP) and Partnership
- Communicate with company’s branches about progress of business
- Acquisition and disposal of investment
- Open bank account of company and manage its requirements
- Striking-off of private limited companies
- Advising/updating clients on compliance with the Companies Act
- Share allotment
- Share buy bank
- Share reduction
- Share transfer
- Declaration of dividend
- Provision of nominee secretary, local director or local agent
- Change of registered address and company officer’s particular
- Members’ Voluntary Liquidation
Thus above are some massive corporate secretarial services that you will get from authorized corporate secretarial service providers in Singapore at affordable charges. All the activities will be performed by the experienced corporate secretaries of the industry, who have depth knowledge of all legal norms of statuary bodies in Singapore and will perform the company’s activities accordingly.