A director can hold the position of company secretary only if he or she is qualified to do so, and the company has more than two directors and the director is qualified to do so.
A private company limited by shares must have at least one shareholder and no more than 50 shareholders.
A Singapore citizen, Singapore Permanent Resident or EP holder who is residing in Singapore.
Yes, all Singapore companies and subsidiaries need to have a registered address in Singapore.
A company is a business entity registered under the Companies Act, Chapter 50. Most companies in Singapore are private companies limited by shares and are recognized by the suffix “Pte Ltd”.
Yes, there are no restrictions prohibiting an individual assuming both roles.
Shareholders
own the company and are entitled to the profits of the company.
Directors
Manage and oversee the company’s operations, and deal with everyday responsibilities.
Typically the following documentation will be required:
* Any documents that are not in English must be officially translated into English.
A private company is a company that can have a maximum number of 50 shareholders. Its constitution restricts the right of its members to transfer their shares in the company.
A private company limited by shares can be classified as an small company.
The key characteristics of an small company are:
Yes. Our company secretarial services include:
What act?
A company secretary can, but is not required to be an employee of the company. A company can also use the services of a third party service provider, such as Lee Kim Alliance, to comply with the company secretary requirement.
The company secretary is required to ensure that the company is in compliance with the relevant legal requirements.
This includes preparing and filing statutory registers and annual returns, directors’ reports, board resolutions, and minutes of general meetings.
A company secretary must be appointed within 6 months of setting up your company.
Any natural person who is a Singapore resident and who has the requisite knowledge needed to perform his or her duties may be a company secretary.
A company secretary is the person appointed to ensure that the company remains compliant with statutory requirements such as the maintaining and filing of statutory records and returns.
Yes, the company secretary can be removed or appointed in the manner prescribed in the company’s articles of association.
Yes, just as directors are officers, the Companies Act classifies a company secretary as an officer of the company, however directors are responsible and ultimately liable for the company’s compliance.
