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.
Do you need qualifications to be a company secretary?
Whilst company secretaries in private companies are not required to have any formal qualifications or the necessary professional experience, the Companies Act 2006 demands company secretaries of public companies to have a formal accreditation.
Can a foreigner be a company secretary in Singapore?
Is a Foreigner Allowed to Serve as a Company Secretary? Yes, with exceptions. Only foreigners with the following passes are allowed to serve as company secretary: Permanent resident of Singapore.
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 is the duty of a company secretary?
A 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.
How much do company secretaries earn?
Employees as Company Secretary earn an average of ₹25lakhs, mostly ranging from ₹5lakhs per year to ₹50lakhs per year based on 1164 profiles. The top 10% of employees earn more than ₹42lakhs per year.
Is a Company Secretary a lawyer?
It is the prime responsibility of a Company Secretary to guarantee that the company meets the legal obligations whereas the lawyers assist people by being in lieu of them on legal matters. A Company Secretary is an advisor of legal affairs in a corporate setup whereas a lawyer does the same in a Court of Law.
Can a CS become CEO?
A company secretary can be the CEO of the company too, which keeps his/her position close to the board of directors. … So, now you can understand that a CS in someone who is engaged in multiple areas for the effective administration of the company.
Which degree is best for company secretary?
Now look at the course details clearly from below:
- CA with CS. The course of Chartered Accountancy is also a preferred course along with CS. …
- L.L.B. with CS. Let me put my favourite option at number one i.e. LL. …
- MBA Finance with CS. …
- Certification Programmes by ICSI. …
- NCFM Course. …
- Chartered Financial Analyst (CFA-India)
Is doing CS worth it?
They handle a more authoritative position which provides opportunities and space for ideas and opinions. This job provides many perks and job satisfaction is one of them, CS gets a higher management position quite early in the career. So, they as well obtain recognition in a good working environment.
What does a company secretary do Singapore?
Company secretaries (who are also considered officers of a company) assist in the administration of a company and ensure that directors and shareholders are kept well informed of statutory obligations, such as the annual filing of audited accounts and the holding of annual general meetings (“AGM”).
Is corporate secretary and company secretary the same?
A corporate secretary is a business professional who administers a number of crucial tasks in the ongoing life of a company whereas a company secretary is a professional whose role is that of an advisor for legal matters.
Can a company secretary certify documents?
He or she may be required to execute official documents with a company director under the common seal. Generally, a company secretary can issue certified copies of company resolutions along with any one of directors, which is considered proof of passing of the resolution.