Can a company secretary be held personally liable?
The Company Secretary may be personally liable under Section 188 of the Act for contraventions by the company in relation to: Any contravention of Section 188 is a strict liability offence, which means it is not necessary to prove intention, knowledge, recklessness or negligence (see Section 6.1 of Criminal Code).
What power does a company secretary have?
Company secretaries are often asked to take on responsibility for legal matters. You might be required to advise directors on their duties and to ensure they comply with the articles of association and business legislation, such as data protection and health and safety.
Can CS earn in crores?
Most of our respected senior Company Secretaries are earning more than One Crore Annually. In Self Practice initially one can earn 15000/- per month but after experience of 5-10 years in practice one can earn Rs. 1 lac to Rs. In NCLT and Bankruptcy Matter one can get professional fees in Crores.
What are the duties of a confidential secretary?
Confidential Secretaries provide administrative and clerical support to the executives of a corporation. Their duties include following dictated instructions, taking minutes, transcribing documents, preparing confidential reports, writing letters, taking phone calls, and making travel arrangements.
Is CS easy than CA?
Easy Studies – CS is much easier as compared to CA which has been referred to the toughest course in India. The CA course is easy to enter but tough to exit. While the CS is also not easy but not as tough as CA. Company Secretaries are held responsible to operate the company within the terms of Company Law.
What is the maximum salary of CS?
Pay Scale/Salary of Company Secretary (CS)
| Job Profile | Starting Salary per annum (in INR) | Senior Level Salary per annum (In INR) |
|---|---|---|
| Company Secretary | Rs. 3,00,000 | Rs. 9,00,000 – /td> |
| Legal Advisor | Rs. 3,00,000 | Rs. /td> |
| Principal Secretary | Rs. 3,00,000 | Rs. 9,00,000 – /td> |
Can anyone be a company secretary?
A company secretary must be a natural person and locally resident in Singapore. The position of company secretary must not be vacant for more than 6 months. The sole director of a company and the company secretary cannot be the same person.
What are the responsibilities of a club secretary?
Main responsibilities of the Secretary
- Ensuring meetings are effectively organised and minuted. Liaising with the Chair to plan meetings.
- Maintaining effective records and administration.
- Upholding legal requirements.
- Communication and correspondence.
What is qualification of company secretary?
Company Secretary (CS) Highlights
| Course Name | Company Secretary |
|---|---|
| Short Name | CS |
| Eligibility | Class 12/ Graduation |
| Duration | 1 Year Minimum |
| Job Profiles | Legal Advisor, Corporate Policymaker, Corporate Planner, Chief Administrative Officer etc |
Can a company secretary sign legal documents?
An employee who is not a director or the secretary is not able to sign a deed or document that requires execution by a company.
Is company secretary a good job?
Apart from the duties, the CS can expect good pay of 25,000 to 40,000 per month in any Indian company. Starting a career as a Company Secretary brings many Duties & Responsibilities and apart from this, they play a significant role in company reputation as they handle legal matters.
Who appoints a company secretary?
Mandatory Requirements Company Secretary shall be appointed by means of a resolution of the Board containing the terms and conditions of the appointment including the remuneration. A Company Secretary shall not hold office in more than one company except in its subsidiary company at the same time.
What is salary of CS?
Company Secretary Salary In India
| Particulars | Company Secretary Salary Package |
|---|---|
| Salary | Rs 247,142 – Rs 1,374,138 |
| Bonus | Rs 10,022 – Rs 390,555 |
| Profit Sharing | Rs 12,671 – Rs 690,428 |
| Total Pay | Rs 248,933 – Rs 1,442,945 |
Can a CEO be a company secretary?
A company secretary can be the CEO of the company too, which keeps his/her position close to the board of directors.
How do you sign on behalf of a company?
When entering into an agreement on behalf of a corporation: [NAME OF CORPORATION – e.g. XYZ, Inc.] Business owners should also include the name of their corporation or limited liability company on their letterhead and email signature block.
Can Company Secretary sign on behalf of company?
As an employee of the company, a secretary will in any event often have actual authority delegated by the board to enter into commercial contracts on behalf of the company. by the signature of two directors; by the signature of a director and the secretary.
Does a company secretary have to sign accounts?
The financial statements should also be signed by Managing Director, CEO, CFO, and the Company Secretary wherever such functionaries are mandated, whether or not they are present at the Board meeting at which the accounts are adopted.
Does a company secretary get paid?
The secretary role can be a paid role, although it doesn’t have to be. If you are paying family members a salary from your company, the amount paid should be in line with the services performed.