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Delong Holdings
16-08-2017, 06:17 AM,
Post: #31
RE: Delong Holdings
The company you provided, Acrafile, does not serve listed companies.

Its introductory statement on the need for a company secretary is "Singapore Companies Act states that every company is required to appoint a Company Secretary within 6 months of incorporating Singapore Pte Limited Company".

$288 per year is Acrafile's fee. One can call Boardroom or RHT Law for their charges for serving listed companies. 

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16-08-2017, 07:31 AM, (This post was last modified: 16-08-2017, 07:36 AM by specuvestor.)
Post: #32
RE: Delong Holdings
(16-08-2017, 06:17 AM)portuser Wrote: The company you provided, Acrafile, does not serve listed companies.

Its introductory statement on the need for a company secretary is "Singapore Companies Act states that every company is required to appoint a Company Secretary within 6 months of incorporating Singapore Pte Limited Company".

$288 per year is Acrafile's fee. One can call Boardroom or RHT Law for their charges for serving listed companies. 

So you are saying company secretary for listed company provides legal advice and non listed doesn't? Neither Companies Act or ACRA differentiate listed or non listed (but private or public). SGX rules does. So far I've not read SGX rules requiring a law firm to be company secretary. An individual can also be the company secretary. Delong's company secretary is the finance manager.

Listco are free to hire one-stop shop for their service. Just as they can get Big 4 or other auditors, but getting Big 4 is not a requirement.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

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16-08-2017, 04:42 PM,
Post: #33
RE: Delong Holdings
My posts on this thread quoted from the book "Walter Woon on Company Law" and the Singapore Legal Advice.

My post on 12 Aug quoted from the book that directors and company managers are personally liable for improper dividend declaration.

My post on 15 Aug quoted from the Singapore Legal Advice that advisory and fiduciary roles are expected of company secretaries.

I have no pre-conceived idea on such matters. I read up and share info from reliable sources. 

In your post dated 15 Aug, you highlighted that Acrafile charges $288 per year for company secretarial service. 

I pointed out that Acrafile serves non-listed company, based on its website. I know Boardroom and RHT Law charge listed companies more.

I am surprised by your questioning me:
"So you are saying company secretary for listed company provides legal advice and non listed doesn't? "


Have I said company secretary of non-listed companies do not provide legal advice? 

I will only say so based on reliable sources, and will not venture into speculation.

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10-10-2017, 10:38 PM,
Post: #34
RE: Delong Holdings
http://infopub.sgx.com/FileOpen/Clarific...eID=473658

In addition, the Company understands from one of its substantial shareholders that it is in the process of carrying out a strategic review of its shares in the Company, which may or may not lead to a transaction.

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