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Tuesday 10 December 2019
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Does Your Business Need a Company Secretary? Top Roles of the Company Secretary

Does Your Business Need a Company Secretary? Top Roles of the Company Secretary

Most Company directors opt to appoint company secretaries, and it is all for the right reasons. If you are here, it is probably because you are thinking of outsourcing company secretary services, but you are not sure if it is a worth decision. Although it is not a legal requirement, it is something that you should do if you want your business to stay compliant with the law and that things are done on time.

What s a company secretary, you ask? This personnel is mainly liable for company administration duties. For example, the expert is responsible for the submission of essential business documents and annual returns to the respective bodies. The company secretary also takes up a range of administrative issues like board meeting arrangements. From this, it is clear that having a company secretary Malaysia takes a lot of stress from the company directors, and they can, therefore, focus on doing other things around the business. To make this easier for you, let’s have a look at some of the roles of a company secretary in a firm.

Keeps records of any company changes

If any significant changes take place in the company, such as changes in capital, shareholders, name of a director, or even changes in the registered office address, it is the company secretary’s duty to communicate these changes to the respective board and do it on time. The company secretary ensures that such changes reflect on the company’s profile without any delays.

The company secretary files annual returns

Now, this is where the main deal comes in. As tedious and stressful as it is, filing annual returns is among the most critical tasks in any business. You cannot afford to make any mistakes here, and you need the right professionals to do it.  A company secretary will join hands with an audit company in Malaysia to ensure that all your accounting needs and annual return are filed within the required deadline.

Paperwork maintenance

The other essential task of a company secretary is ensuring the security and accuracy of your business documents. These are the likes of share certificates and certificates of incorporation, to mention a few.

Ensures compliance

A company secretary plays both corporate and legal duties, and among the major ones is to ensure that your business is compliant with all the rules and requirements. This, in return, saves your firm from fines and penalties. This act is also responsible for making your company trustworthy and credible.

From these roles, it is clear that any business requires a company secretary. You need the right company secretary Malaysia to enhance accuracy, save your time, and ensure that your business is compliant to the law.