Restructuring of Companies
Companies that are undergoing restructuring is facing tough times and challenges, where major important decisions would have to be made in order to make it more profitable. The decision-makers would be relying on a critical analysis of the business to make informed decisions. We would be able to analyse deeper into the company’s operations, profitability and revenue streams to provide solutions and strategies for the situation.
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FAQs
Every company must have a corporate secretary as he is an officer of the company. It is advised that one should appoint a proper professional corporate secretary for the private limited company.
Professional secretary will guide the shareholders and directors in case of disputes. It is always recommended to have a third party as a
corporate secretary.
If your business has a 3rd party shareholder (an investor who is other than your spouse, as your partner/shareholder) it is recommended that you appoint a proper professional corporate secretary.
A professional secretary will maintain records such as Register of Members, Directors and Register for resolutions that are passed during the company’s meeting.
Corporate secretary is an officer to the company.
Please refer to the above with respect to roles and responsibilities.
Every company should appoint a company secretary. Corporate secretaries have certain duties to uphold, which will be described briefly here. Corporate secretaries are officers of the company.
They are required to:
– Notify the client regarding Annual Returns of each year
– Prepare necessary resolutions and minutes of meetings
– File necessary forms and resolutions to ACRA
– Advise the company in the case of an increase in shares or transfer of shares
– Maintain corporate secretarial records.
In the case where there is no company secretary, one should be appointed within 6 months of company incorporation. As per Singapore companies act of non-appointment, ACRA may fi ne the company.
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