Are you unhappy with your current company secretary?
We know. Most do not like to change or switch, if possible. Right?
Being often tasked to replace others, we’ve seen many and understand why.
1. They charge unbelievably low but have excessive additional fees for many,
2. They cannot explain what documents and declarations you are asked to sign for, usually avoid clear answers,
3. They are unable to articulate or communicate clearly about ACRA compliance, latest directives,
4. They insist on archaic processes, use “scare tactics”, unaware of many regulatory changes,
5. They casually give misleading or wrong information, have no interest or knowledge of related MOM, PDPA..
6. They show flagrant disregard of compliance, get your company flagged red X by ACRA for late filings.
The list goes on, not surprising.
Whatever or most of what they lacked, you get better and clearer with MODETTI®
We are an ACRA Recognised CSP, Licensed RFA staffed by ACRA Registered Qualified Individuals.
Afterall, the company secretary is one whom directors rely on to give proper guidance and advice in relation to regulatory requirements (not just by ACRA) and various compliance dues.
. . . . . .
Since 2002, many Singapore companies count on us heavily for these.
We are helping more and more because we are experienced, understand, do it right, and the clients benefit as a result. Simple, clear and effective. Doing it right can be louder than SEO and likes!
Helping companies regain the ACRA green tick compliance is just 1 of many first steps.
At this point, you probably wondered:1. What if that company secretary does not want to resign?
Sure they’d be sore to lose a nice client.
They’d come up with a lot of delaying tactics, last minute strange charges to bill you. Like in a camera shop, they’d say “come back, they give a better deal?”
Well, you have a company to run and more important decisions to make.
Our edge is being an experienced “takeover specialist” by now. We know what they’d do, we communicate with them so you don’t have to face the awkward situation.
Sometimes we lather them with praise and appreciation.
If they persist in affecting your company’s progress by withholding, we know what provisions under the Companies Act to nudge them to cooperate.
You’re not stuck with them.
2. What exactly does a Singapore company secretary do? Can it be exempted somehow?
It’s a requirement under Singapore Companies Act.
The purpose was simply for an effective 3rd party guidance to the company directors so they may run it diligently in compliance to regulations, conduct business properly, safely for all.
As to what the company secretary does, it depends on 1) experience, 2) knowledge and very importantly, 3) willingness to share it.
Not every company needs advice or know-how about related laws and regulations like MOM Employment Act or CPF/ PDPC related.
However, MODETTI® officers are constantly updated with regulator’s directives and new requirements, processes so as to help our clients.
A simple example being digital signing, which is legal under Singapore Electronic Transactions Act so many years ago. It is still unknown to many service providers and considered unacceptable by them.
3. Must be qualified? Licensed? Or Accountant?
No, not necessarily. The law simply requires the company secretary of a private ltd company to be at least resident of Singapore.
Note the definition refers back to Directors duties and obligations to ensure secretary may give the right advice, have the requisite knowledge to assist them.
We are the early ACRA recognised Professional Service Bureau and Prescribed Persons before 2014 amendments to Companies Act and now ACRA Act. Under the new laws, we’re further accredited by the Accounting and Corporate Regulatory Authority of Singapore (ACRA) as Licensed CSP, RFA staffed by RQI.
The Company Secretary provided by MODETTI®:
• Meet requirements as specified in Section 171 of the Companies Act
• Would be an ACRA Registered Qualified Individual
• Named as Secretary in many other companies
• Has updated knowledge of ACRA CERD, MAS AML/CFT, MOM, DPO….
We know alot more so we may share with our clients.
4. I don’t know what they have done, or if they did the registers from start. How?
Easy, communicate with us. We know it better and unlike them, we don’t charge for every little small question. A few emails and even a visit to our offices, no obligations.
5. So, if I wish to change to MODETTI®, how fast? Easy?
Fastest was on same day. Due to our experience handling these, most cases are easy to client and to us too.
Communicate with us first. Notice we prefer to help and explain clearly, instead of showing dubious pricing tables to attract you.
We never need to lure anyone. No nonsense, no tricks.
Since we handle many such cases, we do not charge any takeover fee for meeting them, listening to their excuses, collecting your company registers from their office so you don’t have to see them…
After all you’ve been through with them, its OK to ask more. Right?
Started since 2002, we’re now a known group of professional companies which include:
ACRA Recognised Corporate Services Provider (CSP)
ACRA Licensed Registered Filing Agent (RFA)
ACRA Registered Qualified Individuals (RQI)
IRAS Corporate Tax Agents, Top Filers
Singapore Data Protection Officers (DPO)
MODETTI® Head Office
10, Anson Road,
#44-12, International Plaza,
Weekdays 10.30am to 7pm
Corporate inquiries, incorporation are our daily work anytime, no appointment needed.
Walk right in, speak with our experienced duty officers or email us.