Fundamentals of Corporate Secretarial Practice (FCSP)

Course Objectives

By attending this course, participants will be able to:

• Develop a good understanding on the concept and features of a company,
• Identify the roles and responsibilities of key players in the business,
• Understand the classes of shares and the laws governing it,
• Identify statutory provisions on AGM, Annual Return and Financial Reporting, and
• Perform filing of common Bizfile+ transactions with confidence and ease .

Course Details

Module 1

1. Understanding Business Entities in Singapore
   • Types and characteristics of business entities
   • Selecting the appropriate type of business entity
   • Business name search
   • Registered office address
   • Home office schemes
   • Constitution
   • Salient statutory obligations
   • Roles of partners vs local managers
   • Partnership agreement
   • LLP
2. Pre-incorporation, Incorporation & Post-incorporation matters 
   • Additional approvals and licenses
   • Publication of names, annual renewal
   • Medisave and costs
   • First Board resolutions
   • Creation of statutory registers
   • Issuance of share certificate(s)
   • Fixing financial year end
   • Appointment of Secretary, Tax Agent, and Auditors
   • Opening of bank account
   • GST registration

Module 2

1. Directors
   • Definition of a Director
   • Appointment, Role, Power, Duties & Liabilities
   • Resignation & Retirement
   • Re‐election
   • Removal
   • Declaration of interests
2. Company Secretary
   • Definition of a Company Secretary
   • Qualification, role, power, duties & liabilities of Appointment, Resignation & Removal
3. Auditors
   
   • Definition of an Auditor
   • Appointment, Resignation & Removal

Module 3

1. Shares – Allotment / Transfers
• Different classes of shares
• Share value
• Procedure of allotment of shares
• Register of Members
• Register of Application and Allotment
• Laws governing the transfer of shares
• Transfer form,
• Restriction on transfer of shares
• Procedure of a simple transfer
• Pre‐emption provisions
• Stamp duty payable

Module 4

1. Annual General Meeting (AGM) & Annual Return (AR)
• Statutory provisions regulating AGM
• General business of an AGM
• Special business
• Meeting procedures
• Meeting – Notice, Quorum, Chairman, Proxy
• Drafting the AGM minutes
• Drafting of simple resolutions

Module 5

1. Financial Reporting – Financial Statements
• Overview of filing of Annual Return with/without XBRL
• Requirements to prepare financial statements & its contents, dividends matter, audit exemption.

Course Fees and CPE hours