A company must have at least one director who is an “ordinarily resident” in Singapore.
Is there any requirement to be a company director?
With effect from 1 March 2009, any person aged 18 years and above may be appointed as a director. However, certain individuals (e.g. bankrupts and persons convicted of offences involving fraud or dishonesty) are disqualified from holding director positions.
Every company must appoint a secretary within 6 months of the date of its incorporation.
The company secretary must be residing locally in Singapore.
He/She must not be the sole director of the company.
The secretary of a public company must comply with section 171(1AA) of the Companies Act i.e. must possess at least one of the following qualifications:
Been a secretary of a company for at least 3 of the 5 years immediately before his appointment as secretary of the public company.
Qualified person under the Legal Profession Act (Cap. 161).
Public accountant registered under the Accountants Act (Cap. 2).
Member of the Institute of Certified Public Accountants of Singapore.
Member of the Singapore Association of the Institute of Chartered Secretaries and Administrators.
Member of the Association of International Accountants (Singapore Branch).
Member of the Institute of Company Accountants, Singapore.
A company shall appoint an auditor within 3 months from the date of its incorporation, unless it is exempted from audit requirements under Section 205B, or 205C, of the Companies Act.