What is Company Secretary?

An authorized executive selected by the board of directors of the company is assigned the role of dealing with the legal processes under the legislation of company. Majorly the responsibilities of the company secretary are to call and setup meetings, keep track of details of each meeting, keeping track of statutory book of records, ensuring proper payment process of the dividends and interests, and accurately drafting and executing agreements, contracts, or resolutions. A company secretary is not the employee of the firm and, if employed with executive responsibilities, then s/he cannot be the director-shareholder. If a company has only two directors, then one the director can act as the secretary; but the sole director company cannot have such setup.

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