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प्रश्न
Answer the following question:
Explain the role of the Company Secretary.
उत्तर
A company secretary plays an important and crucial role in the administration of the company.
Role of Company Secretary:
(A) Secretary as a Statutory Officer:
(1) To sign documents and proceedings for authentication.
(2) To sign and authenticate annual returns and other documents and form of company and submit them to the Registrar of Companies (ROC).
(3) To maintain and update various statutory registers such as (a) Minutes of General and Board meetings of the company, (b) Register of Members and Register of Debenture holders, (c) Register of Directors and Key Managerial Personnel (KMP) and their shareholdings.
(4) To ensure necessary compliance of provisions of Companies Act and other Acts such as the Income Tax Act, 1961, SEBI Act 1992, Securities Contracts (Regulation) Act, 1956, etc.
(B) Secretary as a Co-coordinator Officer:
The Board of Directors as a supreme managerial authority decides and frames broad policies for the company. Effective Implementation of such policies is the duty of the company secretary. To achieve the target and implement the policy, a company secretary is required to perform the role of co-coordinator between the Board and executives at different levels.
(a) As an internal co-coordinator, a secretary is required to work as a network between the Board, the Managing Director, the chairperson on the one hand and the executives at different levels, trade unions and auditors on the other hand.
(b) As an external coordinator, a secretary is required to create a good relationship between company and shareholders, Government and public at large.
(C) Secretary as Administrative Officer:
(1) To ensure the implementation of the policies of the company.
(2) To supervise, coordinate, and control the functioning of various departments of the company.
(3) To have an overall view of different aspects of the company’s administration and develop a strong and efficient institutional set-up.
(4) To ensure systematic and proper recruitment, training, remuneration, promotion, etc. of the staff members.
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संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
_________ need not be a director of the company.
Select the correct answer from the options given below and rewrite the statement.
_________ needs a whole time director.
Select the correct answer from the options given below and rewrite the statement.
To provide guidance to Board is _____ duty of company Secretary
Write a word or a term or a phrase which can substitute the following statement:
The organization with a distinct features of separate ownership and management.
Answer in one sentence.
Who is the officer responsible for the Company’s financial plan?
Correct the underlined word and rewrite the following sentence:
Public company must have minimum 15 Directors.
Study the following case/situation and express your opinion.
Mr. A is a commerce graduate. He has vast experience in the field of finance and the financial market. He wishes to become director of PQR co Ltd :
(a) Is he required to obtain DIN?
(b) Can PQR Co. Ltd. object to his directorship on lack of specialized qualification
(c) If he is appointed as director of PQR Co Ltd, is he entitled to remuneration?
Distinguish between the following:
Managing director and Manager
Answer in brief:
State the Statutory Duties of a Company Secretary.
Justify the following statement:
A Director is an agent of the Company.
Justify the following statement:
The company has a distinct feature of separate ownership and management.
Justify the following statement:
Directors play a triple role.
Justify the following statement:
Pro-tem Secretary is helpful to the company.
Justify the following statement:
Secretarial Standards should be in conformity with the Act.
Answer the following question:
Explain the Company Secretary.
Write a word or a term or a phrase which can substitute the following statement.
This KMP signs documents of the company requiring authentication by the company.
Write a word, a term, or a phrase which can substitute the following statement.
This KMP signs documents of the company requiring authentication by the company.
Write a word or a term or a phrase which can substitute the following statement.
This KMP signs document of company requiring authentication by company.
Write a word or a term or a phrase which can substitute the following statement.
This KMP signs document of company requiring authentication by company.
