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Commercial Correspondence and Secretarial Practice · Class 11 Commerce

Ch 2Company Secretary — Class 11 Commercial Correspondence and Secretarial Practice, concept-first.

A company is an artificial legal person — it cannot sign a document, keep its own statutory registers, or write a letter to a shareholder without a human being authorised to act for it in these formal, procedural matters. This is the gap the office of the Company Secretary fills.

12

Q&A

6

Concepts

6m

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Key concepts

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Company Secretary as Key Managerial Personnel

A Company Secretary, under the Companies Act, 2013, is not an ordinary employee but a member of the Institute of Company Secretaries of India appointed by a company to perform the functions of a company secretary under t…

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Chapter contents

The NCERT structure, section by section. Open a section to see its questions, then read the concept-first solution.

1

Meaning and Definition of a Company Secretary

A company is an artificial legal person — it cannot sign a document, keep its own statutory registers, or write a letter to a shareholder without a human being authorised to act for it in these formal…

2

Companies Required to Appoint a Company Secretary

Not every company is bound by law to employ a whole-time Company Secretary — the Companies Act, 2013 links this obligation to a company's size rather than making it universal.

3

Qualifications and Procedure for Appointment

The single, non-negotiable qualification the Companies Act, 2013 lays down for appointment as a company's Company Secretary is membership of the Institute of Company Secretaries of India.

4

Position and Status of a Company Secretary

The legal position of a Company Secretary is best understood as layered rather than single. First and foremost, a whole-time Company Secretary is an employee of the company, engaged under a contract o…

5

Duties and Functions of a Company Secretary

Section 205 of the Companies Act, 2013 lays down the core statutory functions of the company secretary in three broad strokes: to report to the Board about compliance with the provisions of the Act, t…

6

Rights of a Company Secretary

Because a whole-time Company Secretary works under a contract of service, the first and most obvious right is to the remuneration, allowances, and other benefits fixed by the Board resolution or the a…

7

Removal and Cessation of Office

A whole-time Company Secretary holds office at the pleasure of the Board of Directors, since it was the Board's resolution under Section 203 that created the appointment in the first place; consistent…

Exercises