Statutory Duties Of Company Secretary

Apart from general secretarial duties with regards to organizing board and general meetings keeping minutes of meeting recording approved share transfers corresponding with directors and shareholders maintaining statutory records filing necessary returns with registrar of companies etc the companies act 2013 has also prescribed some duties and authorities which are as follows.

Statutory duties of company secretary. Other statutes apart from the companies act like the stamp act the registration act the income tax act etc also come in the picture. Company secretary is appointed in public companies as mandatory and some of the cases in private limited company also. He may be dismissed on the grounds of disobeying misconduct or permanent disability. There should be at least two officers in the company.

The company secretary of a company in singapore has few core duties as part of established and best practices in compliance with the regulatory framework and irrespective of whether these are mentioned in the employment contract additional duties as an employee in accordance with the employment contract and certain fiduciary duties. Statutory duties of a company secretary. When appointing a company secretary the organization should engage a reputable professional firm that s capable of offering company secretary duties and other professional services as well. Duties of company secretary.

The duties of a company secretary as required by the companies act are generally as follows has to be present at all company meetings and recording minutes of the meeting. These can also be called routine duties because a company appoints a secretary mainly for this purpose. In this context company meetings are mainly referred to directors and shareholders meetings. The company secretary therefore must help the company directors by ensuring that all the regulatory and statutory obligations are met.

One or multiple company secretary might be appointed in each company. Such duties of a company secretary are called statutory duties. Duties of a singapore company secretary. According to company act.

The duties of the company secretary can be segregated into 3 categories. The board as well as the chairman rely on the company secretary to advise them about their duties under the law the corporate governance requirements compliance with the listing rules and in conducting the legally required meetings in a timely and appropriate manner. Duties responsibilities 1. Many duties and responsibilities are performed by company.

The company cannot have only one person who acts as both the director and secretary. Perform the duties and responsibilities of a company secretary as required by the corporations act ca the company s constitution the australian stock exchange asx listing rules as applicable and any other relevant legislation or regulation. Statutory duties of company secretary. 1 duties to the company the company secretary is responsible for ensuring that all relevant statutory obligations are met.