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Short Answer Questions · Q2

Q.Define 'Company Secretary' as per the Companies Act, 2013.

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✓ Free question

Section 2(24) of the Companies Act, 2013 defines a Company Secretary by cross-reference: it states that "Company Secretary" or "Secretary" means a company secretary as defined under the Company Secretaries Act, 1980, who is appointed by a company to perform the functions of a company secretary under the Companies Act, 2013. This definition has two limbs. The first limb fixes who is professionally qualified to be called a Company Secretary — that is governed entirely by the Company Secretaries Act, 1980, under which a person must be a member of the Institute of Company Secretaries of India (ICSI). The second limb fixes what makes a qualified person a "Company Secretary" in relation to a particular company — namely, being appointed by that company to perform the statutory functions of a company secretary under the Companies Act, 2013. In other words, professional qualification comes from one Act, and the statutory role/appointment comes from the other; a person must satisfy both to be a Company Secretary of a given company.

✓Final answer

A Company Secretary is a member of ICSI (qualified under the Company Secretaries Act, 1980) who is appointed by a company to perform the statutory functions of a company secretary under the Companies Act, 2013 (Section 2(24)).

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