Apart from eating up my start-up funds, what role can a company secretary play? How do I tell the difference when there are so many ‘me-too’ company secretaries. What the session will cover The session will cover different startup scenarios, and how a company secretary applies to each. role of a company secretary; who can act as company secretary; what makes a good secretary tick; important events each company need to comply with annually; filing changes on the ACRA website. See more here: http://futurebooks.asia/blog/picking-the-right-company-secretary/7435

1. Prepared for directors of
Singapore private limited
companies
As of August 2013
PICKING A
COMPANY
SECRETARY FOR
YOUR STARTUP

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SPONSORS

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LAUNCH YOUR
BIG IDEA

4. INTRODUCING
THE COMPANY
SECRETARY

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WHAT WE
WILL COVER

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SMALL
COMPANY
Low relevance
when the company
is one shareholder
/ director

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LARGE
COMPANY
High relevance
when the company
has multiple
shareholders /
directors

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WHO CAN ACT AS A
COMPANY SECRETARY

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WHAT MAKES A GOOD
COMPANY SECRETARY TICK?
Pick me! Pick me!

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A COMPANY
SECRETARY IS NOT
A hot chick on
reception
Handles
admin work
Can use a
nail file

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A COMPANY
SECRETARY IS
Specialized
knowledge
Organized
Progressive and
solution-orientated

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POSSESS THOROUGH
KNOWLEDGE

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SET IMPORTANT
DATES
Put on your
calendar

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SET IMPORTANT
DATES
Two financial
periods which have
not been filed

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SOLUTION-
ORIENTATED
How to resolve
before annual
filing

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PROGRESSIVE
Sign documents
electronically via
your mobile

17. DEFINITIONS

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MINUTES
RESOLUTION
PROVISIONS

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AGM
EGM

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COMPANY STAMP
COMPANY SEAL

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MEMORANDUM &
ARTICLES

22. SCENARIO #1
AN INVESTOR
ARRIVED

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BACKGROUND

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BEFORE INVESTMENT
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AFTER INVESTMENT
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PRE-EMPTIVE
RIGHTS

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CORPORATE
REPRESENTATIVE

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IMPLICATIONS

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SCOPE OF
WORKS
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DECLARATION OF
FUNDS
•
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•

31. SCENARIO #2
LATE PENALTY
NOTICE FOR
ANNUAL FILING

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BACKGROUND

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SET IMPORTANT
DATES
Two financial
periods which have
not been filed

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IMPLICATIONS

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SCOPE OF
WORKS

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COMMON ACRA
PENALTIES
Filing date Approx penalty
fee / mnth
Annual financial filing 30 days from
AGM
$50-100
Change in shareholding 30 days “
Change in director 30 days “
Change in registered mailing address 14 days “
Change in officers personal mailing
address
30 days “
Appoint of audit firm 90 days from
incorporation
“

37. SCENARIO #3
CO-FOUNDER
SPLIT

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BACKGROUND

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BEFORE CHANGE IN
DIRECTORSHIP
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AFTER CHANGE IN
DIRECTORSHIP
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

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AFTER SHARE ALLOTMENT
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

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SCOPE OF
WORKS
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43. SCENARIO #4
OPENING A
BANK ACCOUNT

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BACKGROUND

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IMPLICATIONS

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BANK
OPERATING
MATRIX

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EXAMPLE
BANK MATRIX
 
  
 

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SCOPE OF
WORKS

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TERMS OF USE