COMPANY SECRETARY (CS) – APPOINTMENT, ROLE AND RESPONSIBILITIES

COMPANY SECRETARY – APPOINTMENT, ROLE AND RESPONSIBILITIES According to clause (c) of Sub-section (1) of Section 2 of the Company Secretaries Act, 1980, a company secretary means a person who is a member of the Institute of Company Secretaries of India. Therefore, ‘Company Secretary’ means a person who is a member of the Institute of Company Secretaries of India (ICSI) and who is appointed by a company to perform the functions of a company secretary. The functions of company secretary have been detailed in section 205 of the Act. Section 203 of the Companies Act, 2013 read with Rule 8 mandates the appointment of Key Managerial Personnel and makes it obligatory for a listed company and every other public company having a paid-up share capital of rupees ten crores or more, to appoint a company secretary. Rule 8A mandates the private company having paid up capital Rs. 10 crore of more to have a whole time Company Secretaries. (Inserted vide MCA Notification dated 03/01/2020 with ...