Duties Of Company Secretary Under The Companies Act Are

Thus company secretary means an individual who is a member of the institute of company secretaries of india icsi and is appointed to perform the function of a company secretary under the companies act. After the companies act 2013 the role of company secretary in india has become very important. Thus he can be punished in respect of offences under companies act.

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However if the company has more than one director one of the directors can also act as company secretary.

Duties of company secretary under the companies act are. 110 section 62 or 63 of the financial holdings companies act 2013. While the companies act does not generally specify the role of the company secretary they usually undertake the following duties. A company secretary of today is a company officer who is endorsed with heavier responsibilities and a greater power duties which demand for ethical behavior from company secretaries at all times. 108 section 57 of the financial advisers act cap.

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. 19 section 47 of the finance companies act cap. Few roles and responsibilities of a company secretary. For example failure to file in the time allowed any change in the details of the company s directors and secretary or the company s annual return.

A company secretary is an important organ of a company who performs various ministerial and administrative duties. In this article we will discuss the existence of company secretary under the companies act 2013. Role of company secretary is to make sure to execute and implement the decisions take by the higher authorities like the board of directors of the company chairman ceos etc. Cs works as an advisor by suggesting the role and power of.

Company secretary has been defined as officer in default along with managing director manager and wholetime director etc. Under the old companies act of 1956 the annual return of the listed companies are required to be signed by the company secretary in practice. By virtue of his disqualification or removal or the revocation of his appointment as a director as the case may be under section 148 149 149a 154 155 155a or 155c of this act section 50 or 54 of the banking act cap. Maintaining the company s statutory books including.

In short it would suffice to say that all legal and procedural matters as per the companies act and all other applicable laws fall under the duties of a company secretary. A secretary is guilty if he was responsible to the company for conduct of its business. The secretary is an officer of the company and their duties can be wide ranging. The new companies act 2013 under section 92 has widened this requirement by providing that annual returns of companies having such paid up capital and turnover to be signed and certified by the company secretaries in practice.

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. A register of present and past directors and secretaries. There is the also significant requirement and position of cs with the duties of company secretary under companies act 2013.