Write note on Statutory duties of a Company Secretary.
CS Professional · Advanced Company Law and Practice · PYQS · June 2017
Write note on Statutory duties of a Company Secretary.
Answer & Explanation:
As per section 205(1) of the Companies Act, 2013, the functions of the Company Secretary shall include: to report to the Board about compliance with the provisions of this Act, the rules made thereunder and other laws applicable to the company; to ensure that the company complies with the applicable secretarial standards; to discharge such other duties as may be prescribed. Rule 10 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 provides that the Company Secretary shall also discharge the following duties, namely: to provide to the directors of the company, collectively and individually, such guidance as they may require, with regard to their duties, responsibilities and powers; to facilitate the convening of meetings and attend Board, committee and general meetings and maintain the minute of these meetings; to obtain approvals from the Board, general meeting, the Government and such other authorities as required under the provisions of the Act; to represent before various regulators, and other authorities under the Act in connection with discharge of various duties under the Act; to assist the Board in the conduct of the affairs of the company; to assist and advise the Board in ensuring good corporate governance and in complying with the corporate governance requirements and best practices; and to discharge such other duties as have been specified under the Act or rules; and such other duties as may be assigned by the Board from time to time.
Topics: Company Secretaries
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