Section 241 of the Companies Act 2016 (CA 2016) comes into force on 15 March 2019.
Section 241 of the CA 2016 is the last provision in the CA 2016 which was enforced on staggered basis on 31 January 2017. With the enforcement of this section and the regulations, all qualified persons who wish to act as a secretary must register with the Registrar irrespective of their professional background.
The CA 2016 also provides a transitional period for existing company secretaries to apply for a practising certificate within 12 months from the enforcement date.
In line with the implementation of this section SSM will also introduce the Companies (Practising Certificate for Secretaries) Regulations 2019 and Guidelines Relating to Practising Certificate for Secretaries Under Section 241 of the Companies Act 2016 which serve to outline the parameters of registration procedures as well as the duties and responsibilities of a secretary.
The registration under this provision will enhance the standard of professionalism and competency within the profession through a central database monitored by SSM.
Please click the below link to access all documents related to the enforcement of Section 241 of the CA 2016 :
