Scribd Logo
Upload

Welcome to Scribd!

  • 227 views

    Appointment of Company Secretary

    Uploaded by

    Goutham Appu
    The document discusses the appointment of a company secretary for a public limited company. It notes that appointment is a statutory obligation and should be through a written agreement covering the period, conditions, salary, and termination rules. A secretary can be appointed by promoters before incorporation, or by the first board of directors after incorporation, either continuing the existing secretary or appointing a new one. The board can also appoint one of its own members as secretary, requiring a special resolution. Additionally, a professional secretary can be appointed on a part-time or full-time basis. Qualities of an effective secretary include a sound education, language skills, knowledge of office administration, accounting, taxation, and company law.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Appointment of Company Secretary

    Uploaded by

    Goutham Appu
    227 views11 pages
    The document discusses the appointment of a company secretary for a public limited company. It notes that appointment is a statutory obligation and should be through a written agreement covering the period, conditions, salary, and termination rules. A secretary can be appointed by promoters before incorporation, or by the first board of directors after incorporation, either continuing the existing secretary or appointing a new one. The board can also appoint one of its own members as secretary, requiring a special resolution. Additionally, a professional secretary can be appointed on a part-time or full-time basis. Qualities of an effective secretary include a sound education, language skills, knowledge of office administration, accounting, taxation, and company law.

    Original Description:

    corporate administration presentation

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document discusses the appointment of a company secretary for a public limited company. It notes that appointment is a statutory obligation and should be through a written agreement covering the period, conditions, salary, and termination rules. A secretary can be appointed by promoters before incorporation, or by the first board of directors after incorporation, either continuing the existing secretary or appointing a new one. The board can also appoint one of its own members as secretary, requiring a special resolution. Additionally, a professional secretary can be appointed on a part-time or full-time basis. Qualities of an effective secretary include a sound education, language skills, knowledge of office administration, accounting, taxation, and company law.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    227 views11 pages

    Appointment of Company Secretary

    Uploaded by

    Goutham Appu
    The document discusses the appointment of a company secretary for a public limited company. It notes that appointment is a statutory obligation and should be through a written agreement covering the period, conditions, salary, and termination rules. A secretary can be appointed by promoters before incorporation, or by the first board of directors after incorporation, either continuing the existing secretary or appointing a new one. The board can also appoint one of its own members as secretary, requiring a special resolution. Additionally, a professional secretary can be appointed on a part-time or full-time basis. Qualities of an effective secretary include a sound education, language skills, knowledge of office administration, accounting, taxation, and company law.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 11

    APPOINTMENT OF COMPANY SECRETARY

    INTRODUCTION
     The appointment of company secretary is a statutory
    obligation for every public limited company.
     Such appointment should be through written
    agreement.
     The agreement should include the period for which he
    is appointed , condition of employment ,salary or
    allowance allowed, rules regarding termination etc.
     Every public limited company must have a company
    secretary. The possible ways of appointing company
    secretary are discussed below
    APPOINTMENT BY THE PROMOTERS

    The first Secretary of a company is generally


    appointed before its incorporation. The promoters
    give such appointment for assisting them in all
    preliminary works of company formation, holding
    meeting, keeping minutes of meetings and
    preparing various documents. The name of such
    secretary may be included in the articles of
    association of the company
    APPOINTMENT BY THE FIRST BOARD OF
    DIRECTORS
    After incorporation, the first board of directors
    appoints the company secretary by adopting
    Resolution in their first board meeting as his
    appointment is mandatory for every public
    limited company.
    Here they can appoint a new company secretary
    or can continue the existing secretary appointed
    by promoters.
    APPOINTMENT FROM WITHIN THE BOARD
    OF DIRECTORS

    After incorporation, the promoters can appoint


    any one of them as company secretary who is
    deemed to be qualified for the post , in such a
    case , a special resolution needs to be adopted as
    the post is an office or profit
    APPOINTMENT OF PROFESSIONAL
    SECRETARY
    At the time of formation or after incorporation
    Of the company, the directors can appoint any
    professional company secretary . Such secretary can be
    appointed on the part time or full time contract.
    QUALITIES OF THE COMPANY SECRETARY

     In addition to the statutory qualifications, a


    company secretary should process certain other
    qualities if he is to discharge his mulitfarious
    duties efficiently . The qualities are

    A sound general education helps


    the secretary in grasping the subject without
    taking much of his time and effort
     Command over languages
    As a large part of
    secretary’s work consists of ccorrespondance and
    preparation of report and precis,it is necessary
    that he should have a command over language.
    Futher, he should also be conversant with certain
    specialized business terms and expressions
    suited of his work. If his company has foreign
    connections, it is better for him to have
    knowledge of one or two foreign languages.
     KNOWLEGDE OF OFFICE ADMINISTRATION
    For the efficient organization of the office,
    the secretary should know the best system
    of filing and indexing and should have a
    knowledge of labour saving devices,
    recritment of office staff, methods of
    remuneration , delegation of work etc.
     KNOWLEGDE OF ACCOUNTING AND
    TAXATION
    •As company secretary is an executive
    office of the company, he must also
    have a basic knowledge of the
    principles of Accounting and taxation,
    consisting of income tax and sales tax.
     KNOWLEDGE OF COMPANY LAW

    You might also like