XBRL Filing
The Accounting and Corporate Regulatory Authority(ACRA) has revised the financial report filing requirements, which all companies will need to file their financial statements in XBRL with effect from 3 March 2014.
To be accurate in XBRL filling, it may be a time consuming and complex task. If outsourced, directors and managers would have more time to focus on the core activities that drive the business. You can be assured that BG Consultancy will exercise due diligence in delivering timely and compliant XBRL reports, ensuring correctness and completeness of information.
We take pride in tackling all our business situations with our vast technical knowledge and past practical experiences so that we can provide the best advice to our clients even in their most complex situations.
FAQs
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.
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.
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