5 Key Responsibilities Of Company Secretaries
Who Are Company Secretaries? Company secretaries are key professionals who ensure that a business organization complies with all applicable legal regulations. They make sure that the business is run according to the specified procedures and the best governance practices are implemented at the organization. Let’s know about the key responsibilities of company law and secretarial practice professionals at enterprises.
Compliance With Legal Regulations â—? Ensures compliance with all company law provisions. â—? Maintaining the statutory share register of the company. â—? Reporting any changes in the company to the Registrar of Companies.
Maintaining Important Documents ● Convening and recording the minutes of board meetings. ● Maintaining all account books and registers of the business. ● Corresponding with company directors on various issues.
Managing Statutory Books â—? Registering any changes in the shareholding pattern of the company. â—? Registering director's shareholdings and debentures. â—? Maintaining a register of directors and other officers.
Communicating With Stakeholders ● Notifying members and auditors of meetings. ● Conveying board meeting minutes to all directors. ● Letting authorized people view company records.
Ensuring Good Governance â—? Advising directors on all financial and legal matters. â—? Helping them in understanding conflict of interest issues. â—? Ensuring the organization implements good corporate governance practices.
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