Mehul Thakkar and Associates the Best Practising Company Secretary in Ahmedabad Gujarat and India. A CS plays a crucial function in the efficient operation of the business. A corporate secretary's primary responsibility is to ensure that the company or organization complies with the law. They set up procedures to abide by normative laws and preserve the business's legal standing. The CS, like the director, is referred to as the organization's office in accordance with the company Act of 2006.
Mehul Thakkar and Associates the Best Practising Company Secretary in Ahmedabad Gujarat and India carry out a variety of tasks, but their primary duty is to make sure the business complies with all applicable financial, legal, and statutory requirements. This is one of the reasons why private businesses hire or appoint secretaries in spite of the fact that doing so is not required by law. In cases when a corporation does not have a designated secretary, these duties are carried out by the director, or the director may select another person to carry out these duties on their behalf.
Typical Duties of a Company Secretary
Depending on the size and kind of ownership, a CS responsibilities in India differ from firm to company. The management of private businesses differs from that of public businesses. Company secretaries serve a variety of purposes, but regardless of the size or ownership structure of the organization, they all perform essentially the same duties. Some of the typical roles that business secretaries play are listed below.
Overseeing the administration of all corporate documents, such as the regular filing of paperwork pertaining to capital share adjustments, articles of association modifications, board member resolutions, and notice of appointments and modifications thereto. Documents such the share certificates, memorandum and articles of organization, certificate of formation, and company seal are also kept under good care by the secretary.
In addition, the secretary calls and schedules meetings with directors and shareholders. They are in charge of publicizing notifications of meetings, creating agendas that are agreed upon by all participants, and handling secretarial duties such as compiling meeting minutes. Recording resolutions and other decided upon matters is also included. Additionally, they make sure that these gatherings follow the association's bylaws and other relevant requirements.
In certain cases, establishing, registering, and maintaining the business's official address will necessitate the use of CS services.
The company secretary assists the board and shareholders in adhering to regulatory-compliant business procedures, such as operating within the parameters of the Act and other laws.
The CS is also in charge of making sure that every standard is followed.
Reports on corporate accounts must be prepared and submitted by the CS.