Company secretaries play extremely important roles within any company. Every action taken by a company secretary while carrying out the duties of the position has an impact on the company itself as well as its corporate and financial prospects. Therefore, a company secretary is among the most influential and important employees within any company. Company secretaries are also the only people who are legally permitted to carry out certain functions.
Singapore company laws state that every company in the country must employ a company secretary. The law which makes a specific mention of this requirement is Section 171 (1AA) of the Singapore Companies Act. Every company which has been incorporated in Singapore must appoint a person who is to serve as the company secretary within six months of the company’s incorporation.
It might not always be easy to select a suitable person who will serve as the company secretary of a Singapore company. Perhaps you are a company owner in Singapore yourself and require assistance for the selection of a person to this important position. Therefore, to ease your troubles regarding this matter, we at Paul Hype Page & Co provide services which will enable your company to employ a person who will serve as the company secretary of your company. The person whom we select will be a person who is appropriately qualified, competent, and compliant with all business laws which are in force in Singapore today.
Identity of Singapore Company Secretaries
There are certain legal requirements pertaining to the identity of people who are allowed to be the company secretary of a Singapore-based company. One such
requirement is that the company secretary of a Singapore company is required to be a legal resident of Singapore. The phrase “legal resident of Singapore” in official parlance refers to a person who is either a permanent resident of Singapore, a citizen of Singapore, or a person who holds one of the following work visas: the EntrePass, the Employment Pass, or the S Pass.
Every company secretary is also required to be 18 years old or older. If the company in question is a public company, its company secretary must possess at least one of the necessary qualifications. Among these qualifications is that of being a qualified person under the Legal Profession Act. A company secretary of a Singapore company is also required to be a member of a certified organization such as the Institute of Singapore Chartered Accountants (ISCA) or the Singapore Association of the Institute of Chartered Secretaries and Administrators (SAICSA). These organizations have received official recognition from the government of Singapore for this purpose.