Shelfcom through its Managing Director may accept the appointment as resident director and secretary of Australian companies providing our due diligence on the subject company meets our criteria.
Prior to the acceptance of such a position we would carry out a due diligence exercise on the company and its owner(s). This would include being provided with: -

• Copies of the last two years financial statements.
• An original ASIC search on the company’s structure at the time of request.
• Documentary identification on the company’s owner(s) and their residential address(es). If the owner is a company- certified copies of its Constitution, Certificate of Incorporation and a search of its structure as provided by the ASIC or its equivalent in the country of incorporation.
• Confirmation that the company is in full compliance with the Australian Taxation Office and the Australian Securities and Investments Commission and any other Governmental instrumentality that it operates under.
• If a Director is being replaced, details of the reason for the Director resigning or being replaced.
  
• A fully executed Deed of Indemnity as per our standard, without amendment, from the owner(s) of the company.

As the acceptance of such a position carries a great deal of responsibility and in some cases personal liability, it is a requirement also that we provide a signatory on all bank accounts, brokerage accounts etc. If we are acting as a Director of an Australian company we must also be appointed as its Company Secretary if another resident of Australia has not been appointed as such.

Each request to act as a resident Director will be treated on an individual basis and our acceptance of the position will be treated on its own individual merits.

Fee Summary

(All fees include GST)

The above fees are payable in advance each year and are non-rebateable, ie they cover a whole year or part thereof.