Can anyone be a company secretary in Singapore?
A company secretary must be a natural person and locally resident in Singapore. The position of company secretary must not be vacant for more than 6 months. The sole director of a company and the company secretary cannot be the same person.
How can I become a company secretary in Singapore?
The person should be a member of the Institute of Certified Public Accountants of Singapore (ICPAS) or should have been practicing as a company secretary for three or more years of the five years before being appointed as a company secretary of the company. CA (Singapore) members are recognised as well.
Can anyone be a company secretary?
Natural person – A company secretary must be a natural person who is over 18 years of age (s 204B (1)); Disqualified persons – Generally, a person disqualified from managing companies under Part 2D. 6 may not be appointed as a company secretary.
Can foreigner be director of Singapore company?
Directors. Both Singapore-resident and foreign-resident persons can be directors of a Singapore company. Corporate directors are not permitted. A company must have at least one Singapore-resident director.
Can I be company secretary and director?
Yes, the Director can be appointed as a Company Secretary although the Company Secretary is no longer a mandatory appointment. However, in the case of a PLC the company needs to have two Directors AND a Company Secretary.
Does a company secretary have to attend board meetings?
Secretaries must convene a meeting of the board of directors if any director asks for one. … These are no longer required for privately-listed companies, although one must be held if your company has traded shares, if a director requests one or if 5% of shareholders do.
Is ICSA a degree?
In Malaysia, the FCIS and ACIS qualifications are recognised by the Government as equivalent to an Honours Degree whereas the Grad ICSA qualification is recognised as equivalent to a General Degree.
What are the requirements for company secretary?
A Company Secretary should also possess the following special qualifications:
- Knowledge of Company Law: The Secretary must know the detailed provisions of the Companies Act and its implications. …
- Knowledge of Mercantile Law: …
- Knowledge of Economics: …
- General Knowledge:
What power does a company secretary have?
The secretary is generally responsible for circulating agendas and other documentation to directors, shareholders and auditors within the required time limits, as well as producing accurate minutes of shareholder and directors’ meetings and resolutions.
Can a lawyer be a company secretary?
(2) He/she shall perform his/her role as a company secretary within his/her full-time practice in a law firm. … (8) No Advocate and Solicitor is permitted to merely supervise a company secretarial firm, unless his/her law firm handles the secretarial work and secretarial fees are paid directly to the law firm.
What is the position of company secretary?
The company secretary is responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented. Despite the name, the role is not clerical or secretarial.