Who you appoint as company secretary will not be a choice to become taken anyhow. Make sure to appoint someone who can thoroughly support. Normally, you danger exposing your company to possible issues and delays that will lead to avoidable expenses.
Provided how critical the role of the company secretary is for making certain functions as per the authorized and regulatory specifications of a rustic, appointing the wrong particular person may result in unpleasant outcomes.
The company secretary in Hong Kong has many sizeable roles to Enjoy in administration and governance matters of the company. It involves the maintenance of statutory guides, getting ready the minutes of board meetings, submitting of annual returns, and making sure the company is in compliance with the necessities of the Companies Ordinance in addition to all other guidelines and restrictions of Hong Kong. Important tasks of a company secretary include:
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No, it is not legal to take action. Firms based in Hong Kong are needed to appoint a company secretary under the company formation Hong Kong businesses Ordinance. The secretary should are now living in Hong Kong and become not less than eighteen decades of age to qualify.
In a few countries, It is common to your company secretary associate to satisfy your registered Office environment requirement. In several nations, you might be required to retain physical moment books with the registered office spot.
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The company secretary also functions because the company's consultant for presidency agencies. In the event the Hong Kong administration ought to Get in touch with your company, your company secretary functions as The purpose of Call to supply the necessary information and facts.
For quite some time, I labored at major accounting and company secretary companies in Hong Kong. I started out Air Company for making the life of entrepreneurs and SMEs quick.
A company secretary makes certain that the business enterprise and its Procedure thoroughly adjust to the polices from the Hong Kong Corporations Ordinance. This consists of your statutory returns and keeping company records current.
The ideal company secretary is an efficient communicator with excellent diplomacy capabilities, capable of maintaining operational competence. As an officer of your company, a company secretary also incorporates a fiduciary duty and have to act in the very best passions of the company.
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