Company secretarial services pertain to administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements.
WHY DOES A BUSINESS NEED COMPANY SECRETARIAL SERVICES?
Nigerian companies, by law, are required to appoint a Company Secretary.It is an offence to conduct business without appointing one. Besides, it is a good business practice to remain in sync with the regulatory compliances of the country one is operating in. Thus, tasks like holding statutory records, maintaining shareholders’ register, and submitting audited financial statements, assume prime importance. Company secretarial services are required to cater to these compliance functions.
OUR OFFERINGS
Business Setup Worldwide provides the following company/corporate secretarial services:
- Scheduling and coordinating general meetings, and meetings of the Board of Directors or Board Committees
- Drafting and distributing minutes and other documentation pertaining to meetings
- Filing statutory documents like annual returns, resolutions, changes in the composition of the board or the shareholding structure, or charges against the company’s assets
- Filing the requiredannual returns with the Corporate Affairs Commission(CAC)so as to remain compliant with the provisions of the Company and Allied Matters Act
- Drafting Memorandum and Articles of Association (MAA) at the time of incorporation of company
- Arranging for a registered office for business registration
- Executing post-incorporation services like filing changes in incorporation records with the CAC, handling changes in company name or MAA, etc.
- Registering and obtaining approval from government agencies on special corporate matters like business permit, import licensing, expatriate quota, issue or transfer of shares involving non-resident shareholders from the Securities and Exchange Commission (SEC), registration of contractors, remittance of dividends and repatriation of capital overseas, etc.
BENEFITS OF TAKING COMPANY SECRETARIAL SERVICES
- Meeting regulatory requirements is mandatory by corporate law in Nigeria and also beneficial for a company’s long-term benefit
- Secretarial services fend off any possible operational risk for thebusiness owners
