How do you choose a top company secretarial firm? The secretarial service providers are aplenty. With such intense competition, clients usually benefit the most. In addition to being able to compare prices, and having higher “bargaining power”, you can also easily switch between various company secretarial firms.
Just like making any core business decision, it would be better to know and understand first – what is your company requirement, or what do you need? Thereafter, you may consider the following factors-
Price is always a consideration! What you should also know though, that it is not the single factor to use to filter through the different service providers available. This is because the roles and responsibilities of a company secretary are different. It can range from basic compliance like meeting just the statutory requirements and annual returns filing, to ongoing compliance and filing requirements such as updating of company particulars, directors or shareholders, etc.
Sadly, it is not uncommon for firms to rate their services attractively at a very low price, and then have a lot of extra and add-on charges after the company secretary appointment itself. On the other hand, companies that charge a high price do not certainly mean all bases are covered, and what they offer is better than the rest. They may be priced with a premium, but give the same baseline services only.
Preferably, in addition to comparing rates, you should also look for what is provided, for that price. Here’s a quick review of what to look for when comparing prices-
Are annual returns filing fees included?
Are there separate charges for updating company information, officers, or shares?
Is there an early cancellation fee?
Is there a company secretary transfer charge?
How much is the renewal fee?
The company secretary should be monitoring the filing due dates and respective deadlines of the company. He or she must be fully aware of the company’s annual compliance matters. Late filing not only results in fines and penalties but may also have implications for the director of the company. This is because the main duty of the company lies on the director.
Is your company secretary forgetful? Has there always been a late filing penalty – which can be easily avoided by timely filing? You’d want to look for the top company secretarial firm that is reliable, prompt, and timely in the filing.
The responsibilities of a company secretary play a significant role in the company. Role of company secretary in company law commands over the stable functioning of the administration process in a business environment of the company. As it is the top requirement of a company secretary in the country, the responsibility and role are very complicated and need channelized attempts to be displayed in a phased manner. The top company secretarial firm knows the laws of the company very well and works as a legal advisor for the executives. During the court of law matters, he advises on the company’s rights by taking the deep subject knowledge from the expert.
Bispoint Group gives complete business and financial resolutions for small & medium-sized enterprises in Malaysia (SMEs). We offer a full range of secretarial services in Malaysia, including company registration, accounting, tax, SST compliance, and financial due diligence. With expertise, our team of highly skilled professionals offers swift implementation of solutions. The founding of Bispoint Group is essentially an initiative to restructure our portfolio of services and manpower to serve our clients better. While the firm has a relatively brief history, all our members have more than 10 years of expertise in their respective specializations. Currently, we have more than 70 dedicated teams including Chartered Accountants, managers, supervisors, and junior associates in our offices to serve more than 1000 private companies.To know more details please visit our official website.
