It is vital to note that the company secretary's powers are restricted to administrative and compliance-related issues, and would not have govt conclusion-earning powers.
All candidates have to move the CS Executive and Qualified levels by using a bare minimum combination of 40% marks in Every single topic and accomplish overall 50% marks in both the aforementioned courses so that you can become a Accredited Company Secretary (CS).
They’ll be liable for setting up important company jobs with stringent deadlines, for instance AGMs, board conferences, and publishing once-a-year economical returns.
Based on the Organizations Ordinance, each and every company must appoint a Company Secretary in Hong Kong. Requirements of Company Secretary The following would be the requirements of a company secretary that Hong Kong corporations ought to have: the company secretary must be a person resident in Hong Kong or maybe a corporate entity that features a registered Business or business enterprise tackle in Hong Kong; Residency in Hong Kong: In the situation of an individual company secretary, he has to be resident in Hong Kong; If your company secretary is often a corporate overall body, the registered Place of work of this type of overall body needs to be located in Hong Kong. Prohibition in opposition to holding dual roles: No company can hold the secretaryship staying held by amongst its private company administrators; if it's got multiple director, any of the directors might also be the company secretary.
Equally, applicants who may have productively finished ICMAI or ICAI's last amount can also be eligible to make an company formation companies application for the course after paying an exemption charge of INR 5,000.
For example, Should your company has two directors and is largely dormant with minimal paperwork, creating certainly one of the directors the company secretary often is the most cost productive selection.
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Candidates can be a part of the CS Executive course right immediately after finishing their class 12th and passing the CSEET entrance examination OR candidates which have done their graduation/ postgraduation/ Passed ICAI or ICMAI closing stage also can instantly sign up for the course without the need to take the CSEET exam. Nevertheless, these candidates will have to fork out the exam exemption payment of INR five,000.
It is the accountability from the company secretary in order that the company is adhering for the lawful requirements in the Hong Kong Corporations Ordinance.
On the flip side, the CS Qualified stage’s syllabus is huge that makes it a tiny bit rough but nevertheless simpler than The chief stage. The starting up stage of the Company Secretary programme i.e the CSEET is just not very difficult to crack and involves syllabus of course 12th amount.
In addition to getting a company secretary, there are actually other annual compliance requirements you should adjust to. These requirements ordinarily consist of:
With no subpoena, voluntary compliance over the element within your World wide web Service Service provider, or further documents from a third party, information and facts stored or retrieved for this reason alone are not able to usually be used to establish you. Advertising Marketing
You will discover of course benefits to possessing a company secretary Aside from staying compliant. For brand spanking new businesses, company secretaries really are a wealth of knowledge that the board of directors can change to for tips.