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Company Secretary. Companies must appoint a company secretary within 6 months from the date of incorporation. This position cannot be left vacant for more than 6 months or the directors may face a penalty of up to $1,000. A company secretary is responsible for the administration of the company.
Jan 2, 2024 · All firms must select a company or corporate secretary within six months of their establishment, according to the Singapore Companies Act. A Singapore citizen or Permanent Resident, or a holder of a Singapore Employment Pass, EntrePass, or Dependant Pass, is essential as the corporate secretary.
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Duties of a Singapore Company Secretary. Powers of a Company Secretary in Singapore. All companies incorporated in Singapore must fulfill a key requirement of appointing a company secretary who must be a resident of Singapore. If the company has only one director, he cannot act as a company secretary.
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A corporate secretary (or company secretary) is responsible for looking after the administration work of a company efficiently. He or she is tasked with keeping the company compliant with the statutory and regulatory requirements of the company and being a mediator between shareholders and directors.
