SECRETRIAL PRACTICE Section 2(45) of the Companies cultivate, 1956, as amended by the Amendment Act of 1988, A depository means a person who is a process of the Institute of confederation Secretaries of India, and includes any other case-by-case, possessing the confident(p) qualifications, and name to perform the duties which may be performed by a depository under this Act and any other ministerial or administrative duties. This definition reveals three important facts: 1. just an individual may be appointed as a companion secretary and any firm or personify bodied cannot be so appointed. 2. A company secretary should be a person who is a member of the install of Company Secretaries of India or a person who has requisite qualifications to be prescribed by the Central Government. 3. The duties of the secretary be ministerial and administrative, they are not managerial ones, he is not entrusted with the direction, command or management of the aff airs of the company. But the Companies Act does not veto a company from appointing a secretary enjoying show executive director powers of management delegated by the Board of Directors in addition to his crook ministerial duties. W here a secretary is entrusted only with the phone number duties, he is called a routine secretary.
But where he is also entrusted with limited powers of management i.e. powers delegated by the Board of Directors to perform administrative or managerial functions involving map of direction, he is called an executive secretary. It may be noted that if the ordinary managerial powers relating to the management of the who! le affairs of the company are given to him, the company secretary, though called by that name, will actually be the manager, or if he is also a director, then he will really be the managing director for the purposes of the Companies Act. We are however concerned here with the routine secretary. SECRETARY- requisite FOR CERTAIN COMPANIES: In order to chance upon that the...If you want to work over a full essay, order it on our website: BestEssayCheap.com
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