Duties Of Company Secretary Under Companies Act 2013 Pdf
While their formal legal duties see discussion above have not changed enormously in the last decade their additional tasks have.
Duties of company secretary under companies act 2013 pdf. E functions of company secretary section 205 for the first time the functions of the company secretary have been specified in the companies act. This directly indirectly affects all citizens. A company secretary is covered under the term whole time kmp. A company has to comply with a lot of procedures as covered under companies act.
Companies bill became the companies act 2013 act 18 of 2013. After the companies act 2013 the role of company secretary in india has become very important. However if the company has more than one director one of the directors can also act as company secretary. This bill has 470 sections and 7 schedules.
On 30th august 2013. Few roles and responsibilities of a company secretary. The appointment of company secretary cs has been made mandatory under the companies act 2013 for a few class of the company like listed companies or company having paid up capital more than the 5 crore. The companies law is one of the most important and comprehensive legislation after the constitution of the nation.
Cs works as an advisor by suggesting the role and power of. Thus the appointment of company secretary will become mandatory in respect of such class of companies. Even though the singapore companies act doesn t define the role duties and responsibilities of a company secretary he or she is the officer primarily responsible for administrative and reporting functions mandated by law. There is the also significant requirement and position of cs with the duties of company secretary under companies act 2013.
This article is written by ruchi jain a student of mats law school raipur on the role of a company secretary under companies act 2013. As the secretary is an officer of the company under section 1121 2 of the act he or she may be criminally liable for defaults committed by the company. The role of the company secretary has elements of both compliance and performance. Listing agreement sebi act and regulations.
Moreover corporate governance is now actively being implemented in various corporate houses and is going to be compulsory by the government in a phased manner. This post updated accordingly.