Q."The Company Secretary is often described as the link between the Board of Directors and the outside world of regulators and stakeholders." Explain this statement with reference to the Company Secretary's role as a compliance and liaison officer.
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Start your 14-day free trial to unlock the full solution →This statement captures two complementary sides of the Company Secretary's role. On the outward-facing side, the Company Secretary acts as the company's authorised representative and point of contact with the Registrar of Companies and other regulatory authorities — filing the statutory forms and returns the Companies Act, 2013 requires, responding to regulatory queries and correspondence, and ensuring the company's public-facing compliance record (such as its Annual Return, certified by the Company Secretary where one is appointed) is accurate and timely. This is what makes the Company Secretary the company's face to the regulatory world. On the inward-facing side, the Company Secretary advises the Board of Directors on the legal and procedural correctness of its own decisions, organises and records Board and general meetings in line with the mandatory Secretarial Standards, and reports to the Board on the company's compliance position and upcoming obligations. Because the Company Secretary sits at this junction — receiving regulatory and legal information from outside the company and translating it into guidance the Board can act on, while also ensuring the Board's own decisions and records satisfy what regulators and shareholders require — the office is rightly desc …
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