Role of company secretary
various national and state legislations has made the appointment and authentication of company secretary Mandatory for various corporate filings.
Companies Act, 2013 makes it manda tory to appoint company secretaries , full time, for every company which have a paid up share capital of 10 crores or more. This gives a greater opportunity for a company scare tung to be in full time employment. Securities Exchange Board of India Act, 1992 also makes it mandatory to appoint a whole time company secretary and also need several compliance filing to be authenticated by a Practicing company secretary . so every listed company to have the service of one employee company secretary and one practicing company secretary . This provides lot of scope for a student to get employment also for greater opportunity in practice.
The Company Secretaries Act, 1980 provides various opportunities to utilised thy company Secretaries.
For an employee company Secretary the main roles to be played are
- Report to the board of Directors about various compliances through detailed time charts and compliance charts.
- Ensure that company is following all applicable secretarial standards and every variation should be corrected and updated to board.
- DO such other functions or duties as prescribed by board of directors frommy time to time.
Duties of a Company Secretary
Rule 10 of the Company Secretary Rules provides the duties of the CS, which are as follows:
-Provide the company directors guidance as they may require concerning their powers, duties and responsibilities.
-Facilitate the convening of meetings, attend general, board and committee meetings, and maintain the minutes of these meetings.
-Obtain approvals from the general and board meetings, government, and other required authorities as provided under the provisions of the Act.
-Represent before several regulators and other authorities under the Act connected with the discharge of duties under the Act.
-Assist the company board in the conduct of the company affairs.
-Advice and assist the board in complying with the corporate governance requirements, ensuring good corporate governance and best practices.
-Discharge such other duties as specified under the Act or rules.