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Corporate ComplianceFebruary 20, 20264 min read

Change of Corporate Secretary 101

Chan Wei Xiang

Chan Wei Xiang

Chartered Accountant (Singapore)

📥 Download: Change of Corporate Secretary 101

Get the complete guide as a PDF for easy reference and sharing with your team.

  • ✓ Comprehensive incorporation strategies
  • ✓ Director and secretary requirements
  • ✓ Step-by-step process and timeline
  • ✓ Pricing and compliance checklist
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Why do you need a Corporate Secretary?

Appointing a corporate secretary is not optional — it is a legal requirement under the Accounting and Corporate Regulatory Authority (ACRA). Under the Companies Act:

  • Every company must appoint a corporate secretary within 6 months of incorporation.
  • The position cannot be left vacant for more than 6 months.
  • The sole director of a company cannot also be the company secretary.

What does a Corporate Secretary do?

A company secretary is responsible for the administration of the company. They are also required to ensure that all directors and shareholders are informed of their statutory obligations, such as the filing of annual returns. Below are some examples of their responsibilities:

  • Maintain and update the company's registers and minutes books.
  • Administer, attend and prepare minutes of meetings of directors and shareholders.
  • Keep company directors aware of the deadlines for annual returns and any other filings required by ACRA.
  • Update directors and shareholders on relevant changes in corporate regulations.

Why choose FinanceLah as your Corporate Secretary?

FinanceLah offers comprehensive corporate secretary services with the following advantages:

  • ✓ Price Transparency and Peace of Mind - No hidden costs. You know exactly what you're paying for.
  • ✓ Easy to Contact - We are 1 WhatsApp away, making communication seamless and convenient.
  • ✓ Trusted by SMEs - We are the corporate secretary of choice for many SMEs in Singapore with 5-star Google reviews.

Corporate Secretary Pricing

Our pricing is transparent and competitive:

Annual Corporate Secretary (Include Annual Filing Fee of SGD 60): SGD 600 for 2 Local Director/Shareholder
SGD 200 for Additional Corp Shareholder
SGD 100 for Additional Shareholder/Director
Resolution and update of ACRA Details: From SGD 100/resolution
Bank Account Opening / Setting up CorpPass / Other Adhoc Services: From SGD 200/hr

Change of Corporate Secretary - Process & Timeline

Our streamlined process ensures a smooth transition:

1
Day 0: Discovery call with client and client agree to appoint FinanceLah as Corporate Secretary and make payment

2
Day 7: We will perform KYC checks, prepare letter for previous corporate secretary to resign and handover documents

3
Day 13: Previous Corporate Secretary will send over resignation letter

4
Day 20: We will prepare board resolution, update ACRA and purchase latest updated business profile

5
Day 30: Previous Corporate Secretary will send over documents held by them

Information Required

To process your corporate secretary change, please provide:

  • Identity card (IC) / Email / Contact No. of key shareholders and directors
  • Email / Contact No. of previous corporate secretary
  • Latest business profile
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Chan Wei Xiang

Chan Wei Xiang

Chartered Accountant (Singapore) | Accredited Tax Practitioner | 15 years in finance

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