Question

Essay Type Questions:
Define a Company Secretary. Explain the responsibilities of a Company Secretary.

Answer 1

Section 2(24), Companies Act 2013 states “Company Secretary” or “Secretary” means a company secretary as defined in clause (c) of sub-section (1) of section 2 of the Company Secretaries Act, 1980 who is appointed by a company to perform the functions of a company secretary under this Act.

Company Secretary is personnel who works a private and a public sector company. A Company Secretary is a person who can represent his company before any quasi-judicial body in relation to any legal dispute and other legal litigation concerning the company he represents.

Responsibilities of a Company Secretary:

• A vital link between the company and its Board of Directors, shareholders, government and regulatory authorities and all other stakeholders.
  
• Ensures that Board procedures are followed and regularly reviewed and provides guidance to Chairman and the Directors on their responsibilities under various laws.
  
• Commands high position in the value chain and acts conscience seeker of the company.