Course Detail(LS031 : A Practical Guide to CSP Obligations in Singapore (Advanced))

LS031 : A Practical Guide to CSP Obligations in Singapore (Advanced)

7.00 CPE Hours (Others)
Classroom

Programme Objective
 
The evolving role and obligations of the company secretary and corporate service providers (CSP) as a result of rapidly changing nature of current business environment, complexity of company and common laws, as well as companies operating in multiple jurisdictions, and the board becoming more dependent on their expert advice and guidance on legislations and regulations, corporate governance guidance and principles and the boardroom practices
 
The company secretary and CSP are important asset to any corporations with their understanding of corporate requirements.
 
This programme incorporated the latest amendments to the Companies Act that relate to directors, secretaries, and CSPs, and common issue faced by company secretary and CSP for consideration and best practices, which are by no means exhaustive.
 
This course is suitable for CSPs who wish to have an in-depth understanding of the practical challenges faced in CSP practice. It comes with illustrative case studies, suggested precedent resolutions (both directors’ and general meetings), sharing of useful checklist, practical tips for some common secretarial practice areas.

Programme Outline

1. Amendments to the Companies Act

  • improve ease of doing business
  • impact on banking transactions
  • setting up a register of controllers

 
2. Pre-incorporation, Incorporation and post-incorporation

  • Pre-incorporation dealing
  • Incorporation – Checklist and steps on incorporation, requirements, constitution, fees, company name, notice of incorporation
  • Preparing the first-board meeting and post-incorporation

 
3. Accounts and audit exemption

  • Directors’ statement – content requirements, approval and signing, criminal liabilities and penalties
  • Obligations relating to financial statements – accounting records, audited financial statements
  • Laying financial statements and report before the company’s annual general meeting – time and extension of time, dormant companies, resolution under sec 175A, sending to members, request for financial statements, dispensation of holding an AGM

 
4. A company’s directors

  • Appointment, retirement, resignation and removal of directors
  • Directors’ remuneration and compensation
  • Types, Powers and duties of directors
  • Transactions involving directors and disclosure

 
5. A company secretary

  • Role of a company secretary
  • Notifications on a change of company secretary
  • Register of directors, managers, secretaries and auditors

 
6. Statutory registers and books

  • Statutory and non-statutory registers
  • Requirement to maintain company records

 
7. Calling and holding a general meeting

  • Types of resolutions and notices
  • Drafting of notices and resolutions
  • Preparing and keeping minutes updating and amending the registers
  • Filing resolutions financial statements and reports with ACRA

 
8. Board resolutions and minutes
 
9. A company’s auditors

  • Appointment, terms and remuneration
  • Resignation or removal and failure to re-appoint
  • Notices and statements on ceasing to hold office
  • Disclosure of services by associates and related remuneration

 
10. Dissolution

  • Just and equitable winding up
  • Strike off a defunct company by the Registrar

 
11.AML/CFT guidelines for RFAs

  • Application of the guidelines
  • General obligations
  • Risk-based approach
  • Customers’ due diligence
  • On-going monitoring
  • Audit function
  • Compliance management
  • Hiring, screening and training of staff
  • Record keeping
  • Reporting of suspicious transactions

 
 
Training Methodology
Lecture-style with Case Studies and Examples
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

This Advanced Level programme is suitable for CSPs, Directors, Company Secretaries who wish to have an in-depth understanding of the practical challenges faced in CSP practice.

Competency Mapping

Others = 7.00 Hours

Schedule & Fees

Date & Time

18 Mar 2020 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Luar Eng Hwa

Date & Time

19 Nov 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Luar Eng Hwa

Date & Time

21 May 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Luar Eng Hwa

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Luar Eng Hwa

Mr Luar has more than 28 years of experience in areas concerning accounting, auditing, fraud examination and investigation, corporate secretarial practice, and tax compliance and advisory services in Singapore and overseas. As a business consultant, he renders advisory services to corporations and assists them in their preparation for IPO in Singapore and elsewhere, and is active in corporate restructuring, investment decisions, due diligence and feasibility studies for companies resulting from his client’s business expansion.

 
Mr Luar started his professional career with an International Accounting Firm in 1983 and subsequently with medium-sized local accounting practices, providing assurance, advisory, tax compliance and tax advisory services to a mixed portfolio of clients. Mr Luar is the founder of E H Luar & Co, established in 1999, and a partner in Alliance Practice LLP, which deliver a full range of professional services tailored to the needs of both private sector business and public interest entities. He also acts as the Chairman of Audit Committee, Advisor to a large charitable organisation and independent director for several privately owned fund-investments companies listed in overseas stock exchange.
 
Mr Luar qualifies as a Chartered Certified Accountant since 1995 and is a Fellow in the Association of Chartered Certified Accountants in London. He is also a practising member of the Institute of Singapore Chartered Accountants.

Programme Objective
 
The evolving role and obligations of the company secretary and corporate service providers (CSP) as a result of rapidly changing nature of current business environment, complexity of company and common laws, as well as companies operating in multiple jurisdictions, and the board becoming more dependent on their expert advice and guidance on legislations and regulations, corporate governance guidance and principles and the boardroom practices
 
The company secretary and CSP are important asset to any corporations with their understanding of corporate requirements.
 
This programme incorporated the latest amendments to the Companies Act that relate to directors, secretaries, and CSPs, and common issue faced by company secretary and CSP for consideration and best practices, which are by no means exhaustive.
 
This course is suitable for CSPs who wish to have an in-depth understanding of the practical challenges faced in CSP practice. It comes with illustrative case studies, suggested precedent resolutions (both directors’ and general meetings), sharing of useful checklist, practical tips for some common secretarial practice areas.

Programme Outline

1. Amendments to the Companies Act

  • improve ease of doing business
  • impact on banking transactions
  • setting up a register of controllers

 
2. Pre-incorporation, Incorporation and post-incorporation

  • Pre-incorporation dealing
  • Incorporation – Checklist and steps on incorporation, requirements, constitution, fees, company name, notice of incorporation
  • Preparing the first-board meeting and post-incorporation

 
3. Accounts and audit exemption

  • Directors’ statement – content requirements, approval and signing, criminal liabilities and penalties
  • Obligations relating to financial statements – accounting records, audited financial statements
  • Laying financial statements and report before the company’s annual general meeting – time and extension of time, dormant companies, resolution under sec 175A, sending to members, request for financial statements, dispensation of holding an AGM

 
4. A company’s directors

  • Appointment, retirement, resignation and removal of directors
  • Directors’ remuneration and compensation
  • Types, Powers and duties of directors
  • Transactions involving directors and disclosure

 
5. A company secretary

  • Role of a company secretary
  • Notifications on a change of company secretary
  • Register of directors, managers, secretaries and auditors

 
6. Statutory registers and books

  • Statutory and non-statutory registers
  • Requirement to maintain company records

 
7. Calling and holding a general meeting

  • Types of resolutions and notices
  • Drafting of notices and resolutions
  • Preparing and keeping minutes updating and amending the registers
  • Filing resolutions financial statements and reports with ACRA

 
8. Board resolutions and minutes
 
9. A company’s auditors

  • Appointment, terms and remuneration
  • Resignation or removal and failure to re-appoint
  • Notices and statements on ceasing to hold office
  • Disclosure of services by associates and related remuneration

 
10. Dissolution

  • Just and equitable winding up
  • Strike off a defunct company by the Registrar

 
11.AML/CFT guidelines for RFAs

  • Application of the guidelines
  • General obligations
  • Risk-based approach
  • Customers’ due diligence
  • On-going monitoring
  • Audit function
  • Compliance management
  • Hiring, screening and training of staff
  • Record keeping
  • Reporting of suspicious transactions

 
 
Training Methodology
Lecture-style with Case Studies and Examples
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

This Advanced Level programme is suitable for CSPs, Directors, Company Secretaries who wish to have an in-depth understanding of the practical challenges faced in CSP practice.

Competency Mapping

Others = 7.00 Hours

Programme Facilitator(s)

Luar Eng Hwa

Mr Luar has more than 28 years of experience in areas concerning accounting, auditing, fraud examination and investigation, corporate secretarial practice, and tax compliance and advisory services in Singapore and overseas. As a business consultant, he renders advisory services to corporations and assists them in their preparation for IPO in Singapore and elsewhere, and is active in corporate restructuring, investment decisions, due diligence and feasibility studies for companies resulting from his client’s business expansion.

 
Mr Luar started his professional career with an International Accounting Firm in 1983 and subsequently with medium-sized local accounting practices, providing assurance, advisory, tax compliance and tax advisory services to a mixed portfolio of clients. Mr Luar is the founder of E H Luar & Co, established in 1999, and a partner in Alliance Practice LLP, which deliver a full range of professional services tailored to the needs of both private sector business and public interest entities. He also acts as the Chairman of Audit Committee, Advisor to a large charitable organisation and independent director for several privately owned fund-investments companies listed in overseas stock exchange.
 
Mr Luar qualifies as a Chartered Certified Accountant since 1995 and is a Fellow in the Association of Chartered Certified Accountants in London. He is also a practising member of the Institute of Singapore Chartered Accountants.


Upcoming Schedule

Registration is closed

Date & Time

18 Mar 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Luar Eng Hwa

Venue

60 Cecil Street
ISCA House
Singapore 049709