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Explain the following Term/Concept: Company Secretary - Secretarial Practice

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प्रश्न

Explain the following Term/Concept:

Company Secretary

टिप्पणी लिखिए

उत्तर

(1) Secretary is an employee of the company enjoying powers to aid and advise the management. He must be an individual and a member of the Institute of Company Secretaries of India (ICSI). He is a statutory officer, a co-ordinator, and an administrative officer of the company. He is a full-time principal officer of a company. The first secretary of a company is appointed by the promoters of the company. He is called as “Pro tem Secretary". The formal appointment is done by the Board of Directors by passing a board resolution to that effect. This resolution mentions the remuneration and allowances payable to a secretary.

(2) Secretary acts as the agent of the Board and helps the Managing Director to execute the plans and policies of the company. He is responsible for the secretarial work and efficient administration of the company. The Secretary forms part of the bottom level management. He is considered to be the eyes, ears, and hands of the company.

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Key Managerial Personnel (KMP)
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 6: Directors and Key Managerial personnel of a company - EXERCISES [पृष्ठ १००]

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बालभारती Secretarial Practice [English] 11 Standard Maharashtra State Board
अध्याय 6 Directors and Key Managerial personnel of a company
EXERCISES | Q 2. 9) | पृष्ठ १००

संबंधित प्रश्न

Select the correct answer from the options given below and rewrite the statement.

Managing Director is appointed for a period of ______  Years.


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.


Write a word or a term or a phrase which can substitute the following statement:

The body of elected representatives of company.


Write a word or a term or a phrase which can substitute the following statement:

The officer who is a statutory and administrative officer and also acts as co-coordinator of the company.


Write a word or a term or a phrase which can substitute the following statement:

Agents, Trustees and Managing Partners of the company.


Write a word or a term or a phrase which can substitute the following statement:

This KMP signs document of the company requiring authentication by the company.


Write a word or a term or a phrase which can substitute the following statement:

Name the secretarial standard-l


Write a word or a term or a phrase which can substitute the following statement:

Name the secretarial standard-3


Answer in one sentence.
Who provides guidance to the Board of Directors?


Correct the underlined word and rewrite the following sentence:

First Directors are appointed by ROC.


Explain the following Term/Concept:

Secretarial Audit


Explain the following Term/Concept:

The Board of Directors


Study the following case/situation and express your opinion.

Mr. Z is a member of Institute of Company Secretaries of India:

(a) Can Mr. Z be appointed as pro-tem Secretary of LMN Ltd. which is under formation?

(b) Can Mr. Z work as a secretarial Auditor?

(c) Mr. Z wishes to be employed as whole time Secretary in companies ABC Ltd. and OPC Ltd. Is he allowed?


Justify the following statement:

Directors have to work as a team.


Justify the following statement:

Secretarial Standards should be in conformity with the Act.


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.


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