Due to the uncertain economy in recent years, some companies have turned to hiring their own "company secretaries" in order to save costs. Can the company secretary do it himself? Can you really save money? In Hong Kong, every limited company has a "company secretary" position, whose main job is to ensure that the company complies with the requirements of the Companies Ordinance in its daily operations. To legally and satisfactorily perform the duties of a company secretary, two requirements are required:
1. Unless you are a consultant of the company, any person must hold a "Trust and Company Service Provider License" (TCSP) issued by the Hong Kong Government Companies Registry before they can provide company services, including serving as a statutory company secretary, providing company secretarial services or providing a registration office.
2. Have professional qualifications and knowledge as a company secretary: A company secretary is responsible for dealing with the provisions of the company's ordinances, which is a profession. Without proper knowledge and experience, one cannot perform the job of company secretary.
The laws that govern government regulation are becoming more numerous and enforcement is becoming increasingly stringent. Failure to follow the laws will only lead to prosecution and fines, which is not worth the cost. It is illegal to serve as a company secretary without a license, or to employ an unlicensed company secretary.
Our company is a licensed TCSP company in Hong Kong. CPA Edward So is a chartered company secretary in Hong Kong and the United Kingdom. It had many years of experience in handling various company secretarial and company law compliance work and can solve various company secretarial needs for clients.
In fact, the service fee of a company secretary is only a few thousand dollars each year. It is definitely not worth it to grope around and do things recklessly without knowing what you are familiar with, which may lead to violations of laws or non-compliance and cause losses. Therefore, our company recommends that professional work should be handed over to professional company secretaries. It’s better to save DIY skills to small handicrafts for entertainment in your spare time.
Homepage
Company Profile
