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Appointing Company Secretary (ACRA compliance requirements)
Companies must appoint a company secretary within six months from the date of incorporation. This position cannot be left vacant for more than six months, or the directors may face a penalty of up to SGD1,000.
A company secretary is responsible for the administration of the company. They are also required to ensure that all directors and shareholders are informed of their statutory obligations, such as the filing of annual returns.
The responsibilities of a secretary can vary depending on a company's needs. Below are some examples:
- Maintain and update the company’s registers and minutes books.
- Administer, attend and prepare minutes of meetings of directors and shareholders.
- Keep company directors aware of the deadlines for annual returns and any other filings required by ACRA.
- Update directors and shareholders on relevant changes in corporate regulations.
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Requirements of a company secretary
A company secretary must be:
- A natural person.
- Locally resident in Singapore.
The sole director of a company and the company secretary cannot be the same person.
Our corporate secretarial team brings together both corporate legal and Secretarial services to SME, MNC and start-up entrepreneurs. We can seamlessly guide your company across multiple markets while managing all the cross-border complexities of tax, structuring and management of corporate governance, risk management, restructuring, refinancing and reorganization.
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Flexible options for your business
Basic Price Plan
$500/year
Non-active or Less 50 transactions for fixed accounting
Effortless Yearly Accounting: 1- 3 pages of bank statement or Revenue below S$100k
Annual Financial Statements
Annual Return Tax
Xero Subscription Support
Standard Price Plan
$250/month
Limited Bookkeeping
Set up chart of accounts
Payroll and CPF data entry
No GST submission
Only Singapore Currency
No Annual Return Filing
Premium Price Plan
$1,000/month
Limited Bookkeeping
Set up chart of accounts
Payroll and CPF software
GST submission
Singapore, USD, GBP Currency
Compliance Report including XBRL filing
Annual Tax Filing
Bespoke Price Plan
$2,500/month or Get Quoted
Limited Bookkeeping
Set up chart of accounts
Payroll and CPF software
GST submission
Singapore, USD, GBP Currency
Compliance Report including XBRL filing
Annual Tax Filing
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