Is it mandatory to have a company secretary in India?

Hence, every company which has a paid-up share capital of Rs 10 Crore or more is mandatorily required to appoint the whole time CS (Company Secretary).

Why does a company need a secretary?

The company secretary ensures that an organisation complies with relevant legislation and regulation, and keeps board members informed of their legal responsibilities. As they have such important role in a top management of the company, their appointment is covered under the Companies Act, 2013.

What does a company secretary do in India?

The Company Secretary is: An expert in corporate laws, securities laws & capital market and corporate governance. Chief advisor to the board of directors on best practices in corporate governance. Responsible for all regulatory compliances of company.

What are the requirements for company secretary?

Since the amendment of the Companies Act in 1994, only a person having prescribed qualifications can be appointed secretary of a company….A Company Secretary should also possess the following special qualifications:

• Knowledge of Company Law:
• Knowledge of Mercantile Law:
• Knowledge of Economics:
• General Knowledge:

Can a company secretary be a CEO?

CS holds a very high rank or position in a firm and also comes right next to the CEO and Managing Director, and whole-time directors. A company secretary can be the CEO of the company too, which keeps his/her position close to the board of directors.

Is company secretary legally responsible?

Directors are legally responsible for running the company and making sure company accounts and reports are properly prepared. A director must be 16 or over and not be disqualified from being a director.

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.

What are the rights of company secretary?

What will happen if company secretary does not have knowledge to conduct meeting?

There will be more of a miscommunication and chaos and a kind of confusion in the employees mind and also if the Company secretary don’t know about how to take meeting then the meeting will be not so much fruitful and helpful for the employees and Company secretary.

Who is higher chairman or secretary?

In some countries, such as the United States, the term secretary is used to indicate the holder of a cabinet-level post. In a club or society, the secretary is also considered to be, in most cases, the third person in charge of the organization, after the president/chairman and vice president/vice chairman.

Do private companies need to appoint a company secretary?

All Private companies and such public companies having Paid-up share capital lower than Rs 10 crores were not required to appoint a Company Secretary. Such provision was very much in debate as it limited the role of Company Secretary in companies having paid up share capital of less than Rs. 10 crores.

What are the duties of a company secretary in India?

In India, it is the Company Secretary advises the board of directors on corporate governance and director’s duties. This comprises managing the interest area of the shareholders, issues of conflict in interest, investor guidelines and handling with applicable codes. #9. Company Statutory Register:

Is appointment of company secretary in whole time employment mandatory in India?

– Corporate/Commercial Law – India India: Mandatory Appointment Of Company Secretary In Whole-Time Employment.

What is the appointment of Company Secretary (CS) under Companies Act 2013?

The Appointment of Company Secretary (CS) has been made mandatory under Companies Act 2013 for a few class of the company like listed companies or company having paid-up capital more than the 5 Crore. Who is a Company Secretary? Who is required to have company secretary/ KMP?