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  • COMPANY SECRETARY ROLES AND RESPONSIBILITIES

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    Bhuvnesh Kumar
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    The document defines a company secretary as a member of the Institute of Company Secretaries of India who is appointed by a company to ensure legal compliance. A company secretary must have relevant expertise and qualifications. They serve as an agent, officer, and servant of the company. Their duties include statutory, general, and miscellaneous tasks toward the company, directors, and office staff. Company secretaries are liable for statutory and contractual obligations. They must ensure company compliance with laws and secretarial standards. Listed companies and large public and private companies must appoint a whole-time company secretary.

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    Original Title

    Company Law - Unit 2 (2)

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    The document defines a company secretary as a member of the Institute of Company Secretaries of India who is appointed by a company to ensure legal compliance. A company secretary must have relevant expertise and qualifications. They serve as an agent, officer, and servant of the company. Their duties include statutory, general, and miscellaneous tasks toward the company, directors, and office staff. Company secretaries are liable for statutory and contractual obligations. They must ensure company compliance with laws and secretarial standards. Listed companies and large public and private companies must appoint a whole-time company secretary.

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    19 views8 pages

    COMPANY SECRETARY ROLES AND RESPONSIBILITIES

    Uploaded by

    Bhuvnesh Kumar
    The document defines a company secretary as a member of the Institute of Company Secretaries of India who is appointed by a company to ensure legal compliance. A company secretary must have relevant expertise and qualifications. They serve as an agent, officer, and servant of the company. Their duties include statutory, general, and miscellaneous tasks toward the company, directors, and office staff. Company secretaries are liable for statutory and contractual obligations. They must ensure company compliance with laws and secretarial standards. Listed companies and large public and private companies must appoint a whole-time company secretary.

    Copyright:

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    of 8

    COMPANY LAW AND

    SECRETARIAL PRACTICE I

    UNIT 2 – COMPANY SECRETARY


    Company Secretary

    Section 2(24) of the Companies Act, 2013 defines “company secretary” or “secretary” means
    a company secretary as defined in clause (c) of sub-section (1) of section 2 of the Company
    Secretaries Act, 1980 who is appointed by a company to perform the functions of a company
    secretary under this Act.

    Qualification

    Company secretary is a member of Institute of Company Secretaries of India and has


    relevant expertise to carry on the managerial role to ensure legal compliance in true letter
    and spirit.
    Legal Position of a
    Company Secretary

    Servant of the Agent of the Officer of the


    Company Company Company
    Duties of the Company Secretary

    Statutory Duties General Duties

    Towards the Company Towards office and staff

    Other miscellaneous
    To Directors
    duties

    To wholetime
    managerial Authority
    Liabilities of Company Secretary

    Statutory Liabilities Contractual Liabilities

    Maintaining Books
    Maintain Secrecy
    and Registers

    Filing returns and Should not make any


    Forms. Secret Profits
    Functions of Company Secretary
    (Section 205)

    To ensure the company To discharge such other


    To report the Board about
    complies with applicable duties as may be
    Compliance
    Secretarial Standards. prescribed.

    Provide Guidance to BoD


    To represent before
    regarding their Roles and
    regulators / Authorities.
    Powers.
    Appointment of Whole time
    Company Secretary

    Rule 8 and 8A of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014

    Every listed company and every other public


    company having a paid-up share capital of ten
    KMP
    crore rupees or more shall have whole-time key
    managerial personnel.

    The Company which has a paid up share


    Whole Time Company
    capital of five crore rupees or more shall have
    Secretary
    a whole-time company secretary.

    W.e.f 01/04/2020 - Every private company which has a


    paid-up share capital of Ten Crore INR or more shall
    have a whole-time company secretary.
    Removal of Company Secretary
    (Section 179)

    Convene Board Meeting and pass


    Ordinary Resolution

    Serving Termination Notice to


    Company Secretary

    File FORM DIR 12 within 30 days of


    removal. Syllabus
    Completed

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