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Role of the Nominee Secretary

 

A popular misconception about the nominee secretary role is that the person or company acting in that position will complete all the required statutory work for the company. Items such as the preparation of minutes, resolutions and the annual return and even, in some cases, the annual statutory accounts are sometimes thought to be within the realms of the nominee secretary service.

This is rarely the case in practice and is based on the fact that a company secretary, whether or not they are a nominee does not actually have to be the person or entity which actually physically completes the company secretarial work.

The role of the nominee, in most cases, will be restricted to largely honorary role that of satisfying the legal requirement for a company to have a secretary, and in practice will only consist of the occasional signing of documents.

It might be the case that the company formation agent who provides the nominee services also provides secretarial services. In this case, provided both services are purchased, the company secretary will also complete the secretarial work.

 
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