The most prosperous businesses across the world discover their productive direction paving by hiring the right type of employees. Among the procession of those quality people, one of the major concerns should be put on hiring a company secretary to the business.
In this technology-driven period, all businesses, want to influence advanced tools and software and attain heights. But, it would cost an enormous outpouring in using specialized computer systems for secretarial functions. On the contrary, outsourcing these valuable services rein excellent secretarial software technologies. It yields in the enhancement of productivity and effectiveness.
The company secretary posses drastic mastery and expertise about the laws and statutes of the land.
These duties can be divided as-
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Sign the annual returns and other company documents
Your company secretary needs to prepare and countersign the annual returns on time. He is also responsible to sign other bank application forms and statuary documents. Every documentation is usually signed by the secretary which is being sent to CRO.
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Ensure compliance with nation’s company law
The company secretary holds a responsibility to ensure compliance with all the aspects of the companies Act, 2014. It generally includes updating an official change such as adding up of a shareholder or the resignation of the director with the CRO.
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Preparation and filing of annual reports and accounts.
The company secretary does not itself prepare the accounts but they work with the accountant for the whole time. The company secretary must ensure the account have been done well and prepared for annual return before the deadline.
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Maintain and update the statutory company registers
Statutory Registers a Singapore company has to maintain according to the law.
In Singapore, the national regulator of business entities (commonly known as Company Registrar in other countries) is a statutory board under the Ministry of Finance and it is called the Accounting and Corporate Regulatory Authority (ACRA).
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Record and maintain the minutes of the board meeting
It is a minute book in which all the minutes of a meeting have to be recorded. There is a specific agenda for every minute book. This duty is carried out by a company secretary therefore, it is very important to get in touch with your secretary before any of the meetings.
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Ensure to carry out the instructions given by the directors.
If there’s any change in the policy or the resolution of the company, the employees have to be informed about the same. For all the busy dire tires, having a company secretary is not a mess than a boon to their business.
Appointing a trustworthy and experienced member as your company secretary could be the key to success. Let your business thrive within a limited time with the strongest and reputable base. A team of company secretary providers is hired by a company to look at the business hierarchies. Earlier, it was a tough task to find a trained and significant company secretary service but nowadays, even online outlets are full of these outstanding and competent services.
A company secretary is not just a name in a company, this person will need to make sure all compliance have been done in the right way to avoid breaking the law. It’s a important position to be formed
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