Updated : May 08, 2022 in Business

What does one mean by the term company secretarial services and how can one avail them in Hong Kong?

Company secretarial facilities are not the traditional work of a secretary, as the name might suggest, but rather it refers to the level of administrative function within a business that ensures good corporate governance, effective administration, and compliance with legislation, laws, and regulations that govern business and industry. Managing corporate control is essential for businesses, and company secretarial service hong kong can do this very well.

A company should adhere to the Companies Act 2006, comply with the law and legislation that governs their business, and stringently maintain records, such as the holding of meetings, the conduct of board members, any interactions with shareholders and stakeholders, and any engagement with government authorities.

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Why should one go for the company’s secretarial services in Hong Kong?

  • In theory, one can choose a company secretary service hong kong to include all necessary administrative tasks within a company. But broadly, the role consists of the board, the private company, and the shareholders.
  • They must also ensure that the necessary paperwork is provided to the board members ahead of meetings and that board procedures are abided by.
  • The company secretary services Hong Kong here is also responsible for ensuring compliance with legislation and proper conduct within company activity. They will have the point of contact for shareholders on matters regarding corporate legalities.
  • As they are responsible for ensuring the company adheres to the legal requirements, they must be knowledgeable regarding company law, update and maintain the registers in case of inspection, and prepare director reports and accounts.

Hiring an agency to perform company secretarial duties on your behalf can benefit your business.