As a business owner, it is your responsibility to ensure that everything in your business is in check, and things are running as smoothly as they should. However, regardless of how ambitious you could be, you need helpers to help you steer and push the business in the right direction.
Among the essential professionals in a company are the directors. This group has a lot on their plate. It is up to them to ensure that a company secretary is appointed to take most of the stress out of their shoulders. The main question, however, is, what is the role of a company secretary in Malaysia? The company secretary’s role is extremely crucial, and you cannot afford to make any mistakes when selecting the right one. You should take your time to ensure that however you choose is qualified, trustworthy, experienced, and reliable to offer these services.
You should understand how important a company secretary Malaysia is and without further ado, let’s have a look at some of the top roles of a company secretary and why you need one.
Ensures that your business is compliant
Among the primary duties of a company secretary is to ensure that your business is compliant with all the rules and regulations of the constitution. The expert is also liable for keeping the company’s statutory registers, AGM minute record, and signing corporate documents. They are also the source of advice whenever the business directors may feel overwhelmed.
Helps businesses to avoid late filing fines and penalties
One of the most stressful parts of running a business is meeting deadlines. Sometimes, regardless of how hard you work, you never seem to do things on time, and this can be super overwhelming. It could even harm business production and performance in general. It gets more stressful when you think of the penalties and fines involved. With a reliable company secretary on your side, you are guaranteed timely filings, and you no longer have to worry about missed deadlines, fines, and penalties. Things get more manageable when you combine this with an audit company in Malaysia and let them work together to ensure all your annual returns are filed and submitted to the respective bodies on time.
Offers legal and corporate advice
We all need someone to advise us and help us to stay on the right track. That is precisely what a company secretary does for you and your directors. You may not understand the statutory and regulatory rules and requirements, but the company secretary will help you meet all the responsibilities.
These are some of the roles and things that a company secretary in Malaysia can do for you. Having a reliable one by your side can significantly help you steer your company in the right direction.