What are the implications of being a company secretary?

Company secretaries are often asked to take on responsibility for legal matters. You might be required to advise directors on their duties and to ensure they comply with the articles of association and business legislation, such as data protection and health and safety.

Can a company secretary be held personally liable?

A company secretary can held accountable for any breaches of the Companies Act, and in the same way as directors, may be held personally liable for financial losses incurred by the company or its creditors due to negligence.

Does a company secretary have to be a natural person?

The company secretary does not have to be a natural person, but could also be a juristic person or a partnership, provided that the entities meet the requirements of the Companies Act, 2008. person appointed in the immediately preceding 5 years as the auditor of the company.

Why do people do company secretary?

A Company Secretary is a senior position in a private sector company or public sector organisation. It is also their responsibility to register and communicate with shareholders, to ensure that dividends are paid and to maintain company records, such as lists of directors and shareholders, and annual accounts.

Is company secretary a good job?

They handle a more authoritative position which provides opportunities and space for ideas and opinions. This job provides many perks and job satisfaction is one of them, CS gets a higher management position quite early in the career. So, they as well obtain recognition in a good working environment.

Can a company secretary open a bank account?

The company secretary does not have any powers but the Act allows them to sign most of the forms prescribed under the Act. When opening a business bank account the secretary will need to sign the mandate which dictates the accounts authorised signatories.

What are the rights of company secretary?

Rights and Powers of Company Secretary

• He has the right to supervise and control the secretarial department of the company.
• He has the right to issue share certificate of the company.
• Being the principal officer he also has the right to sign official documents of the company.

Who can remove a company secretary?

1. A Company Secretary can be removed by the board by satisfying all the terms of appointment and the Board is liable to record the same. 2. Pass a board resolution in a Board meeting after giving notice to all the directors of the company about the matter of removal/resignation of the Company Secretary.

Can the company secretary also be a director?

Company secretaries You do not need a company secretary for a private limited company. Some companies use them to take on some of the director’s responsibilities. The company secretary can be a director but cannot be: the company’s auditor.

What is the future of company secretary?

Areas where company secretaries can find work; different job opportunities and prospects for all types of jobs. As a CS, you will be appointed as an IT manager and consultant, finance officer, public issuer, securities and records management, corporate and financial advisor, and corporate governance positions.

How do I become a company secretary (CS)?

Once you have completed 10+2 or equivalent, you become eligible to undergo the following 3 stages to pursue a Company Secretary (CS) Course: 1 Foundation Programme 2 Executive Programme 3 Professional Programme More

How to become a company secretary after 10th?

Well, you can find a company secretary job very interesting. The candidate who likes to pursue the company secretary course after 10+2 or its equivalent has to go through three levels: foundation programme, executive programme and professional programme.

Is a career as a company secretary a good choice?

A career as a company secretary can be a very rewarding and varied role, offering the freedom to work abroad, as well as for private, public and non-for-profit organisations. The position involves a lot of responsibility and is dependent on the right person with the correct set of skills and knowledge to succeed.

Can a company secretary be self-employed?

Being a company secretary represents a high, valuable position in an organization. But, some also choose to work independently as self-employed. As company secretary is a high position in an organization, mainly as a compliance officer, he receives various benefits in his job.