Q.Describe the functions and duties of a Company Secretary in a company.
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Start your 14-day free trial to unlock the full solution →A Company Secretary appointed as a Key Managerial Personnel of a company performs a wide set of functions that together make the office central to the company's governance. These may be grouped as follows: (1) Ensuring statutory compliance — seeing that the company complies with the Companies Act, 2013 and other applicable laws, filing the returns and disclosures the law requires within the prescribed time, and flagging compliance risks to the Board. (2) Convening and recording meetings — issuing notices and agenda for Board and general meetings and preparing and maintaining their minutes, in accordance with the mandatory Secretarial Standards issued by ICSI. (3) Advising the Board — guiding the directors on the legal and procedural correctness of proposed decisions, such as whether a resolution must be ordinary or special, or whether shareholder approval is needed. (4) Liaison with the Registrar of Companies and other regulators — acting as the company's authorised point of contact for statutory filings and regulatory correspondence. (5) Maintaining statutory registers and records — keeping registers such as those of members, directors, and charges accurate and current, and safeguarding important company records. (6) Certifying statutory returns and forms — most notably the company's Annual Return, which (where a Company Secretary is appointed) must carry the Company Secretary's certification. (7) Reporting to the Board — keeping directors informed of the company's com …
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