You are appointed as wholetime company secretary of a company having a paid-up capital of ₹ 5 crore. Being the secretary of such a company state the functions of a company secretary as prescribed by the Companies Act, 20

CS Professional · Ethics, Governance and Sustainability · PYQS · June 2019
You are appointed as wholetime company secretary of a company having a paid-up capital of ₹ 5 crore. Being the secretary of such a company state the functions of a company secretary as prescribed by the Companies Act, 2013.

Answer & Explanation:

Section 205 of the Companies Act, 2013 prescribes that the functions of the company secretary shall include– (a) to report to the Board about compliance with the provisions of this Act, the rules made thereunder and other laws applicable to the company; (b) to ensure that the company complies with the applicable secretarial standards; (c) to discharge such other duties as prescribed under Rule 10 of the Companies (Appointment and Remuneration of managerial Personnel) Rules, 2014. It includes – To guide the directors of the company regarding their duties, responsibilities and powers To facilitate the convening of meetings To attend Board Meetings, Committee Meetings and General Meetings Company Secretary acts as a vital link between the company and its Board of Directors, shareholders and other stakeholders and regulatory authorities To maintain minutes of the meetings To obtain the approvals from Board, General Meeting, Government and other authorities as required To represent before various regulators, and other authorities To assist the Board in the conduct of affairs of the company To assist and advise the Board in ensuring good corporate governance To assist and advise the Board in ensuring the compliance of corporate governance requirements and best practices To discharge such other duties as specified under the Act or rules To discharge such other duties as may be assigned by the Board from time to time

Topics: Company Secretary

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic