Main Responsibilities of a Corporate Secretarial Company


It is with no denying that the position of a company secretary is one of the most important for the compliance obligations of an organization. No wonder it requires a wide range of skills and deep expertise for things to turn out as you expect. Over the last couple of years, the responsibilities of a company secretary have increased significantly due to the enhanced corporate complications. In this post, we are going to examine some of the main responsibilities of a company secretary. Read on and find out more.

Accountability and Transparency
 Let us face it; there is no way you are going to achieve business success when there is no accountability and transparency among your workforces. Actually, lack of accountability makes it hard for businesses to keep track of how things are faring on. When working with a reputable corporate secretarial company in Singapore, this is something you will no longer have to worry about. In most cases, the company secretary will undertake the responsibility of ensuring accountability and transparency in the functioning of the company. Through this action, you will have a clear understanding of how everything is taking place in your organization.

Keeping Records in Order
Among the most notable tasks a company secretary will undertake is ensuring adequate management procedures exist for HR, facilities, pension administration, investor relations to mention a few. If this is not enough, the company secretary is also going to file returns with ACRA while at the same time keeping an up-to-date Bizfile. Keep in mind ACRA will contact the company secretary when they fail to receive a company’s annual financial reports. It is for this reason that you should always rely on the services of a corporate secretarial company with years of industry experience.

Final Thoughts
Before settling on any firm on your List of Corporate secretarial Companies in Singapore, you need to know the services each one of them has to offer. After all, you want to get good value for your money while at the same time taking your business a notch higher. Watch out for corporate secretarial companies that are not ready to share their responsibility with you. In fact, you should take this as a red flag and continue your search for a different service provider. It is then that you will stand a chance of reaping maximum benefits.

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