A Corporate Secretary is required by state corporation laws for every corporation. … A Corporate Secretary is
responsible for ensuring that the records, or minutes of the Board’s actions during a Board meeting
, reflect the proper exercise of those fiduciary duties.
What are the roles and responsibilities of a company secretary?
The company secretary is
responsible for the efficient administration of a company
, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented.
What is the role of a company secretary in good corporate governance?
The role of the Company Secretary is as follows:
Advisor to the Board of Directors
: To advise and assists the members of the board with respect to their duties and responsibilities as directors and compliance with their obligations under the Companies Act, Stock Exchange requirements and issues on corporate governance.
What is the purpose of a company secretary?
Overseeing the day-to-day administration of the company
, e.g. maintaining statutory books, including registers of members, directors and secretaries, organising board meetings and AGMs, preparing agendas and taking minutes.
Is corporate secretary same as company secretary?
A corporate secretary is
a business professional
who administers a number of crucial tasks in the ongoing life of a company whereas a company secretary is a professional whose role is that of an advisor for legal matters.
Can a CEO be a company secretary?
A company secretary can be the CEO of the company too
, which keeps his/her position close to the board of directors. … So, now you can understand that a CS in someone who is engaged in multiple areas for the effective administration of the company.
What is the legal position of a company secretary in a company?
The legal status of the secretary has been described as a servant of the company but the actual position is much more than a servant. It is the duty of the Company
Secretary to execute the policy decisions of the Board of Directors
. He plays an important role in the administrative work of the company.
What power does a company secretary have?
The secretary is generally
responsible for circulating agendas and other documentation to directors, shareholders and auditors within the required time limits
, as well as producing accurate minutes of shareholder and directors’ meetings and resolutions.
What is the salary of a CS?
| Particulars Company Secretary Salary Package | Salary Rs 247,142 – Rs 1,374,138 | Bonus Rs 10,022 – Rs 390,555 | Profit-Sharing Rs 12,671 – Rs 690,428 | Total Pay Rs 248,933 – Rs 1,442,945 |
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Who appoints company secretary?
Mandatory Requirements
Company Secretary shall be appointed by
means of a resolution of the Board
containing the terms and conditions of the appointment including the remuneration. A Company Secretary shall not hold office in more than one company except in its subsidiary company at the same time.
What is qualification for company secretary?
| Course Name Company Secretary Course (CS) | Qualification Required Candidates must pass their 10+2 exams | Eligibility Foundation program:- 10+2 examination | Executive program:- Graduation/ foundation program | Professional program:- Executive program |
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Is a company secretary necessary?
On 6 April 2008 legislation changed such that limited companies are no longer required to appoint a company secretary. However, even though appointing a company secretary is no longer compulsory for limited companies, many still do. …
A public company must have a secretary
.
Can a company secretary be held liable?
A company secretary may not be a director, but
they will often be liable for breach of duty
in the same way as board members. If the secretary is the person with prime responsibility for the task, they will be the person in default and liable to the fine. …
Can company secretary be a director?
The company secretary cannot be the same person as company director
although in the absence of company secretary the director assumes his responsibilities. To keep intact the management of the organisation along with meeting the statutory and regulatory framework, he has to act like a backbone of the company.
Can Indian CS work in UK?
The only thing you can’t do by ICSI membership after ICSA, UK membership is that I believe,
you can’t practice in India
, but can take up a job as a company secretary in India. … But you can work in other countries like UK, Australia, New Zealand, Singapore, Malaysia, South Africa and Hong Kong after becoming a GradICSA.
Which degree is best for company secretary?
- CA with CS. The course of Chartered Accountancy is also a preferred course along with CS. …
- L.L.B. with CS. Let me put my favourite option at number one i.e. LL. …
- MBA Finance with CS. …
- Certification Programmes by ICSI. …
- NCFM Course. …
- Chartered Financial Analyst (CFA-India)
