The Company Secretary may be held liable for many penalties under the Companies Act if he makes any default in complying with its provisions. The functions of the Secretary in relation to the Directors are: (i) He is to ensure that the actions of the Board of Directors are strictly in accordance with the provisions of the law. He must have thorough acquaintance with social, political and economic conditions of the country. Reference: Anonymous, Last Update: 2020-06-03 1. (v) The management inform of any discontentment among the members of the staff. Privacy Policy 8. A membership and licence have to be obtained from the respective Institute (here, Company Secretaries of India). 4. According to Section 2(45) of the Companies Act 1956, as amended in 1974, a Company Secretary must possess the qualifications prescribed by the Central Govt. secretary tamil meaning and more example for secretary will be given in tamil. His suggestions and opinions are valuable to the management. (iii) He issues notices and prepares the agenda in consultation with the Chairman for the meeting of Board of Directors. Before taking up the discussion of secretary-ship as a profession it is necessary to clarify the term ‘profession’. Under the MRTP Act, FERA (now FEMA) and Essential Commodities Act, he is entrusted with certain obligations under the Payment of Wages Act, Bonus Act, Provident Fund Act and Gratuity Act. The Secretary also acts as the Public Relations Officer. The Companies Act, 1956, imposed certain statutory obligations on the secretary of a company but law does not define his exact position. It is rightly said that while the Directors are the brains of the company, the secretary is its ears, eyes and hands. The qualifications as prescribed by the Companies (Secretary’s Qualifications) Rules 1975, for the Secretary of a Company are: (a) In case of a company having a paid-up share capital of Rs. [Sec. Disclaimer 9. (iv) Negotiate with the third parties for the settlement of contracts and bargains. To represent the society in the govt., court and the public. (vii) He has to negotiate with third parties on behalf of the company. The huge number of Tamil speaking people cutting across countries, the birth and growth of the language, the letters, the rules, the sound variations and the origin of special characters, symbols for Tamil calendar, Tamil numbers, time, land and cultural divisions, and coinage of words have also been dealt with. (iv) He records the attendance of the Directors. After the dividend is declared at the Annual General Meeting, Secretary will have to prepare dividend warrants and send them to the shareholders. Every shareholder can reasonably expect a return on his investment in the company’s shares. Tamil language is one of the famous and ancient Dravidian languages spoken by people in Tamil Nadu and the 5th most spoken language in India. The Company Secretary may be held liable for: (i) default in holding Statutory Meeting and filing and circulating the Statutory Report to the Registrar of Companies and members of the company; (ii) Default in holding the Annual General Meeting of the Company; (iii) Failure to give due notice of Board Meetings; (iv) Failure to record the minutes of the Board and General Meetings; (v) Failure to maintain Director ‘Members’ and Debenture holders’ Registers and Index; (vi) Failure in registering resolutions and agreements which need to be registered; (vii) Failure to make entries in the register of members on the issue of a share warrant; (viii) Default in filing with the Registrar particulars of any change created by the company; (ix) failure to file with the Registrar copies of the annual Balance Sheet, Profit and Loss Account, annual returns, statements, certificates, etc. Thulasimani vicepresidents Durai Manickkam general secretary and P.T. It is the work of the Secretariat and staff that promotes the growth of the organisation. A Director may also be appointed as a Secretary. Presidents come and go, may be every year. There are different types of secretaries—private secretary, secretary to the govt. 50 lakhs or more, the appointment of a full-time secretary is obligatory. Here the secretary is the liaison officer between the Directors and others. The Secretary can ordinarily be dismissed by the Board of Directors. (ii) He has to look after all staff matters. A cooperative society is a voluntary association of a number of persons to promote the economic interests of its members. from time to time. There is the practice of charging fees for services; 7. Functions in Relation to Shareholders: A Company Secretary is the medium of communication between the Directors and the shareholders, debenture holders, and creditors. The Secretary is the kingpin of the whole corporate machinery. … Quality: Functions after the Meeting. Content Filtrations 6. The Secretary is a servant of the company and his dismissal is governed by the normal law applicable to master and servant. Get the meaning of corporate in Tamil with Usage, Synonyms, Antonyms & Pronunciation. 4. Quality: The Secretary has two sets of liabilities—statutory liabilities and contractual liabilities. 5. Image Guidelines 5. (vi) He issues the orders and instructions of the Board to the members of the staff. B.Com. 9. Information about Corporate in the free online Tamil dictionary. Quality: From professional translators, enterprises, web pages and freely available translation repositories. To look after the appointment of staff and staff matters. Use this free dictionary to get the definition of friend in Tamil and also the definition of friend in English. The functions of the Secretary can be discussed under three stages: The functions of the Secretary before the meeting are: (i) To fix up the date of the meeting in consultation with the Chairman; (ii) To prepare the agenda of the meeting; (iii) To issue notices to the members entitled to attend the meeting; (iv) To arrange for convening the meeting; (vi) To send the notice of holding the Annual General Meeting to the auditors of the company; (vii) To draft and circulate the Director’s Report, Statutory Report and Chairman’s speech. But in framing the policy decisions of the company the Directors have to depend heavily on the secretary. The Company Secretary is the executive head of the office. By continuing to visit this site you agree to our use of cookies. Since the amendment of the Companies Act in 1994, only a person having prescribed qualifications can be appointed secretary of a company. Reference: Anonymous, Last Update: 2020-07-28 He should not leak out any confidential matter like the above before they are officially notified to the public. Quality: (v) A good knowledge of office procedure and ability of drafting notices, letters, minutes etc. Quality: ; (x) Failure in circulating resolutions for which members have given notice; (xi) Failure in delivering share certificates, debentures etc. Quality: He has to send press reports for publication. The Company Secretary also has certain liabilities arising out of his contract of service with the company for: (ii) Acts done beyond the limits of his authority; (iii) Acts of omission and commission in violation of the rules and fraud in course of employment; (v) Discharging duties without reasonable care and skill. The need for a properly qualified and trained secretary for taking the responsibility of company management has compelled the government to set up the Institute of Company Secretaries of India and to conduct the examination of Company Secretary-ship. The Secretary may incur personal liability for default of any provision of the respective Acts. The Secretary is the Chief Executive Officer of the company and not a mere servant. But all occupations are not professions. (vii) He arranges for the payment of Directors’ fees. A secretary handles all confidential matters. Willful disobedience to order of the manner; Functions of the Company Secretary may be discussed under two headings: The Companies Act, 1956, imposes certain duties upon the Secretary. (iv) Membership of the Institute of Cost and Works Accountants of India. Before publishing your articles on this site, please read the following pages: 1. The functions of the Secretary at the meeting are: (i) To record the attendance in the Attendance Register; (ii) To distribute relevant papers and documents amongst the members; (iii) To read out the notice of the meeting and the minutes of the last meeting; (iv) To read out the Audit Report, the Director’s Report or any other report in the meeting; (v) To help the Chairman in conducting the meeting smoothly; (vi) To take notes of the proceedings of the meeting; (vii) To draft the resolutions.
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