Why Do You Need a Company Secretarial Service Provider?

The companies need to be careful with their statutory compliance. They also need to interact with the regulating authorities. It is the reason why companies hire a company secretary or outsource the task to a reliable provider of corporate secretarial services in Singapore.
A company secretary acts as the chief compliance officer of the company and ensures the smooth functioning of the board procedures. Today, many companies appoint firms specializing in company secretarial services to take care of their compliance. It is a task for specialists.
Company Secretarial Service Provider Takes Care of
• The experts keep track of deadlines for filing various documents and coordinate efforts with the department heads.
• They also take care of ACRA compliance alerts & reminders
• They see to the filing of annual return
• They maintain statutory registers at the company office
• They communicate with shareholders
• They manage shares, pay dividends, and interest
• They oversee the preparation and circulation of company’s annual reports, interim statements, and financial statements
• They attend board meetings and prepare minutes of the meeting
• They prepare the agenda for the meeting in consultation with the chairman
• They see to the proper use of the company seal
• They see to the preparation of director’s report
• They update ACRA about the changes in the company
As per the law, the companies need to hire a qualified company secretary within the 6 months of its date of incorporation. The experts assigned by the provider of corporate secretarial services in Singapore professional takes on the company's administrative work. It means the management becomes free to the core goals of the company.