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Company Secretary

Category: Product ID: 5178

Description

About the job

A company secretary cannot hold office in more than one company, but he/she can hold office in the subsidiary company simultaneously. 

Roles and Responsibilities of a Company Secretary

The CS appointed by a company must perform the following functions as provided in Section 205 of the Act:

  • Report to the board of directors about the compliance statement of the company.
  • Ensure that the company is complying with all secretarial standards.
  • Do all such other duties as prescribed by the company board of directors from time to time. 

Duties of a Company Secretary

Rule 10 of the Rules provides the duties of the CS, which are as follows:

  • Provide the company directors guidance as they may require concerning their powers, duties and responsibilities. 
  • Facilitate the convening of meetings, attend general, board and committee meetings, and maintain the minutes of these meetings. 
  • Obtain approvals from the general and board meetings, government, and other required authorities as provided under the provisions of the Act.
  • Represent before several regulators and other authorities under the Act connected with the discharge of duties under the Act. 
  • Assist the company board in the conduct of the company affairs. 
  • Advice and assist the board in complying with the corporate governance requirements, ensuring good corporate governance and best practices. 
  • Discharge such other duties as specified under the Act or rules.