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What is the main role of company secretary?
The company secretary is responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented. Despite the name, the role is not clerical or secretarial.
What are the roles and responsibilities of company secretary?
To initiate and carry incorporation procedures like authenticating documents and proceedings used in registration; assuring delivery of registration and allotment details to registrar; making application for increase in share capital; overseeing delivery details of share certificates of allotment; keeping records of …
Does a public company need a company secretary?
Do you have to appoint a company secretary? As of April 2008, however, the Companies Act 2006 no longer makes it a legal requirement for private limited companies to appoint a company secretary unless the articles of association state otherwise. Public companies are still required to have a secretary.
What is salary of CS?
Pay Scale/Salary of Company Secretary (CS)
| Job Profile | Starting Salary per annum (in INR) | Senior Level Salary per annum (In INR) |
|---|---|---|
| Company Secretary | Rs. 3,00,000 | Rs. 9,00,000 – 12,00,000 |
| Legal Advisor | Rs. 3,00,000 | Rs. 10,00,000 |
| Principal Secretary | Rs. 3,00,000 | Rs. 9,00,000 – 12,00,000 |
What is the salary of CS fresher?
Candidates are only eligible to take the last CS exam three times in their life. Private companies pay new companies that pass the exam on their first try and earn an average salary of up to 4.1 lakhs per year. The fresher ones, who passed the second attempt, earn an average salary of 3 to 3.5 lacs per year.
Who appoints company secretary?
Mandatory Requirements Company Secretary shall be appointed by means of a resolution of the Board containing the terms and conditions of the appointment including the remuneration. A Company Secretary shall not hold office in more than one company except in its subsidiary company at the same time.
Is one of qualifications of company secretary?
(i) Qualifications specified in clause (a) above; (ii) A degree in law granted by any university. (iii) Membership of the Institute of Chartered Accountants of India. (iv) Membership of the Institute of Cost and Works Accountants of India.
Is CS a government job?
The Corporate Secretary (CS) is a compliance officer who provides internal legal advice and has experience in corporate law, security law, corporate governance, and capital markets. CS is hired to manage the legal elements of the company. …
Is MBA better than CS?
You get a decent salary package after completing CS. Whereas on other hand if you do a MBA from reputed college you will get a wide knowledge of management skills and concepts. CS will be more of a core job where as MBA will be a management job.
Can a CS work abroad?
In order to become a company secretary abroad, you will have to earn authorization by appearing for the exams conducted by that country. There are company secretaries working in Malaysia, Thailand, Canada, New Zealand, USA, UK, MENA etc. already and the scope is absolutely immense after the globalization.
What is the legal position of a company secretary?
A company secretary is merely an employee of the company. He supervises all ministerial and administrative activities. He has to carry out his duties in accordance with the instructions of the board. He performs every correspondence on behalf of a company.
Is one of qualification of company secretary?
What are the duties and responsibilities of a company secretary?
Many duties and responsibilities are performed by Company Secretary as follows: Prepare board meeting minutes to register a new company Prepare Memorandum And Article of Association Prepare required forms to approve new company from government Questionable of any compliance of the company Appoint directors of the company Change directors of the company Attend and arrange Annual General Meeting Arrange any board meeting resolution
What are the duties of Corporate Secretaries?
Informing Agenda. A corporate secretary has to inform the board of directors and shareholders about meetings and their agenda.
What is a company secretary?
Company secretary. A company secretary is a senior position in a private sector company or public sector organisation. In large American and Canadian publicly-listed corporations, a company secretary is typically named a corporate secretary or secretary.
What are the responsibilities of a secretary?
Secretaries perform basic clerical, organizational and office responsibilities for a company, department or executive. Businesses of all sizes employ secretaries to help manage the front office and handle administrative matters. Duties of a secretary are often unseen by the public but can be vital to helping a company stay organized and on track.