Are there any restrictions to move funds between my home country and Singapore?
There are no restrictions for moving funds in and out of Singapore. You should check with a qualified professional in your home country regarding the rules and regulations in your home country there, if any.
Role of Asiabiz as Company Secretary
What will AsiaBiz company secretary role be in my company should I appoint your firm? What is included in the annual fee for your Company Secretary Service? Our annual fee for acting as the company secretary includes the following: Providing one qualified person as Secretary of your company including named Company Secretary in ACRA Records [...]
What are company secretary responsibilities?
The company secretary is usually responsible for establishing and maintaining the company’s records. Monitoring and ensuring compliance with relevant legal requirements, particularly under the Companies Act are adhered on a timely basis. any changes in the director(s) of a company or particulars relating to director(s) changes to a directors name or residential address removal from [...]
Is the company secretary an officer of the company?
Yes. The Company Secretary is the officer of the company and his/or her name must be registered ACRA Records.
Must a Singapore company appoint a company secretary?
Singapore Companies Act Section 171 of the Companies Act requires a company to appoint a Singapore resident company secretary. All Singapore Companies must appoint a Company Secretary to handle on-going statutory compliance matters. AsiaBiz will act as the named Company Secretary for your Company to comply with the Companies Act.
What are Company directors’ responsibilities?
The directors duties, responsibilities and liabilities specified in the Act as well as under the common law where applicable, include the following key administrative and substantive duties, that is, to: discharge their responsibilities in the company; ensure that they have a reasonable degree of skill and knowledge to handle the affairs of the company; act [...]
What are fiduciary duties?
Directors have a fiduciary duty to their company whereby they must be loyal to the company and must act honestly and in good faith when exercising their powers.
