Category: B.COM NOTES

Liabilities of a Company Secretary is divided into two types Statutory Liability and Contractual liability. Statutory liabilities of a Company Secretary Default in Complying with name requirements – Fine of Rs. 1000 every day during which the default continues that cannot exceed Rs. 1 Lakh. Default is filing the return on the allotment – Fine Rs. 1000 every day during which Read More …

Appointment of Company Secretary A company Secretary is appointed by the resolution of the board. A company secretary is entitled to become the director of the company with the prior permission of the board. A company secretary is not allowed to hold office in more than one company. The position of Company Secretary must not be vacant for more than Read More …

Clause (c) of sub-section (1) of section 205, the Central Government has prescribed that the duties of Company Secretary. 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 Read More …

Section 2(25) of the Companies Act, 2013 defines “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. Following Companies need to appoint a whole-time company secretary (mandatory): All Listed Companies (Rule 8 Companies Appointment & Remuneration of  Managerial Personnel Rules, 2014). Public Companies which have Read More …