The company secretary is an officer that every company in Singapore must have. Their job is to make sure that the company paperwork is in order, on time, and in compliance with the law and regulations. This vital role requires various certifications and involves a lot of responsibility.

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.

You can hire a company secretary as your employee or outsource this service. Usually, small and medium enterprises (SMEs) do not have enough secretarial tasks to hire a full-time in-house staff. When you entrust this role to Elitecorp, you do not have to pay a salary and the associated taxes. The expense is limited to the services that you select.

A company secretary takes care of all the necessary documents required by law and regulations. It is their duty to process every decision and change that your business undergoes, and report to ACRA accordingly.

A company secretary’s responsibilities include:

• Maintaining and updating the company’s statutory registers such as the register of substantial shareholders, register of charges, register of members etc, as prescribed by the law.
• Sending notices of Annual General Meetings to the members and shareholders. The company secretary must also prepare the agenda and organize these meetings, and record the minutes.
• Ensuring that the company and its directors abide by the rules set out by the Constitution of the Company at all times.
• Ensuring that the company’s name and entity number are stated on all the notices, business letters and other official correspondences.
• Filing of necessary returns and forms with the Company Registrar within the specified timeline, such as Annual Returns, return of allotment of shares and notice of appointment or resignation of a director.

With years of experience and expertise in professional corporate secretarial services, Elitecorp has helped over hundreds of companies in Singapore navigate the complex legal rules to stay compliant.

Our professional and experienced team will be here to address and tackle any queries and issues that you may face along the way. We offer practical advice catered to your company’s situation and help you prepare the necessary corporate documents for any required filings.

Reach out to us to adopt a reliable, efficient and cost-effective way to handle administrative and corporate secretarial tasks today!

Accounting tracks all of your business activities and assets. Whenever you spend, lose or make money, the bookkeeper adds it to the records. The accountant then creates reports with these figures. The government requests these reports to calculate how much tax you are required to pay and whether or not you are exempted from a portion of it.

XBRL (eXtensible Business Reporting Language) is the international standard for digital business reporting, used globally. It replaces older, paper-based reports with more accurate and effective digital versions.

We help businesses in Singapore with all the necessary accounting and tax services. We prepare financial statements, ECI tax reports, XBRL and handle bookkeeping. We can help you apply for GST registration and submit regular reports for GST-registered companies. If your case is special, do let us know and our professional team will be more than happy to help with the accounting and tax works for your company.