Why You Need Corporate Secretarial Services
1. Comply with Statutory Requirements
The Accounting and Corporate Regulatory Authority (ACRA) mandates that every company must appoint a qualified company secretary within 6 months from the date of its incorporation.
Failure to appoint a qualified company secretary within 6 months from the date of its incorporation is an offence and you might be subjected to penalties or prosecution according to the Companies Act.
2. Maintain Compulsory Company Records
It is a legal requirement for every company to properly file all important statutory documents, such as incorporation papers, director’s resolutions, shareholder agreements and filed annual financials, in the company register folder.
Failure to do so is an offence and you might be subjected to penalties or prosecution according to the Companies Act.
3. Lodge Important Documents Required by Law
A company secretary must prepare and lodge all necessary forms such as annual returns, change of Memorandum & Articles of Associations, allotment of shares and appointment of officers, with the ACRA within the stipulated timeline provided by the law.
Failure to punctually file these necessary documents will result in late lodgement fines of up to $5000 according to the Company Act.
What’s Wrong with Most Corporate Secretarial Firms
1. They Perform Wrong Procedures
Most corporate secretarial services are provided by new and inexperienced company secretaries. They tend to make errors which land you into trouble involving fines and prosecution.
For example, most company secretaries establish the incorrect year end for your company. As a result, tax benefits are minimised and you lose huge sums of money.
2. They Miss Out on Critical Deadlines
Most corporate secretarial firms are small companies with only a few employees working in them. They lack the adequate follow-up systems and technology to monitor each individual company they are handling.
They often miss out on critical compliance deadlines, such as the filing of the Annual Return within 1 month from the date of holding the Annual General Meeting. This subjects you to late lodgement fines and penalties.
Why Should You Choose GEO
We do not just handle your secretarial tasks. We protect you as a shareholder or director for your peace of mind.
At GEO, we prepare and file all your statutory records accurately and in compliance with the requirements of the Companies Act.
Our corporate secretarial services can handle corporate structures of any complexity. You will have the mental freedom to concentrate on growing your core business.
GEO has a vast pool of experienced company secretaries to ensure that your statutory matters are always lodged with the ACRA punctually.
We have the knowledge and expertise to clear up any complicated corporate issues to ensure that your business can run smoothly without any downtime.
GEO provides a full spectrum of corporate services, including accounting, incorporation, tax planning, auditing, nominee director and corporate secretarial services.
You can enjoy great convenience when you engage GEO for all these services that are essential to any companies in Singapore.
Why Should You Trust GEO
With over 20 years of field experience, our past clientele includes a broad range of industries, ranging from Small and Medium Enterprises (SME) to Multinational Companies (MNC).
Our accountants and advisors are certified and approved by:
- The Accounting and Corporate Regulatory Authority (ACRA)
- The Institute of Singapore Chartered Accountants (ISCA)