Hong Kong corporate and secretarial services

Hong Kong corporate and secretarial services – An overview

Sat, Jan 3rd 2015, 13:14

The role of a company secretary is significant in the formation as well as the smooth running of the business.

The role of a company secretary is significant in the formation as well as the smooth running of the business. They take care of every financial and non-financial obligations of the company and make sure that nothing stops the organization from operating in the market. Any company that is operating in the Hong Kong country is, by the law, required to appoint a company secretary. There can be one single secretary or joint of secretaries, depending on the volume of the operations or size of the organizations.

Characteristics of a company secretary

A company secretary is a body of highly effective professionals that take care of the everyday functioning of the corporation. However, not anyone can take that responsibility. A few characteristics of the company secretariat include:

· It is only the person who has the qualification and relevant experience in this field of work who is authorized for the task.

· Shouldn’t be the director of the company

· Should be a permanent resident of Hong Kong, or a body corporate with a registered address in any place within Hong Kong.

Tasks coming under the purview of Company secretary service

There are a plethora of tasks in a corporate that requires the CS’s attention. Their effective handling and management is the duty that needs to be fulfilled. Following mentioned are some of the responsibilities held by a CS in terms of corporate management:

Registration of the company – This includes finding a name, changing the existing name, etc.

Transfer of shares – The share transferring or allotment of shares to various shoulders or to the general public in a limited company is a matter of interest of the CS.

Increasing the authorized share capital – It is the duty of the CS to make sure that the company is making a profitable income as far as the investment is concerned.

Registrations of Non-Hong Kong companies – Registering the Non-Hong Kong based companies in the Company Registry are the sole responsibility of a CS and the task cannot be conducted by anyone else.

Take care of the documentation – All important documents, such as identity cards, passport numbers, names and address of the shareholders, their valid proofs, details of the customers, suppliers, etc., must be maintained by the CS himself.

Company secretary jobs are highly complicated and only a firm with true experience and expertise can lead your business through this complex way that leads to success.

Find a company secretarial service provider that can easily get your company in a great running condition. There are business consultants that can easily provide the required services within an affordable price. If you are an offshore company who has just started providing services in Hong Kong, it will be impossible to find a good CS at this short notice. You can search online and find the best business consultants that can help you in this category. There are services that can aid you in the formation of your business from the scratch to the highest point of operations.

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