Quick Answer: Is A Company Secretary Necessary?

Why is a company secretary important?

The company secretary is responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented.

Despite the name, the role is not clerical or secretarial..

Who should be the company secretary?

Natural person – A company secretary must be a natural person who is over 18 years of age (s 204B (1)); Disqualified persons – Generally, a person disqualified from managing companies under Part 2D. 6 may not be appointed as a company secretary.

What is starting salary of company secretary?

Pay Scale/Salary of Company Secretary (CS)Job ProfileStarting Salary per annum (in INR)Mid Level Salary per annum (in INR)Company SecretaryRs. 3,00,000Rs. 6,00,000Legal AdvisorRs. 3,00,000Rs. 4,00,000 – 5,00,000Principal SecretaryRs. 3,00,000Rs. 6,00,000

Is CS difficult to pass?

uday CS is a very difficult subject. you can surely pass it if you work hard on it.It covers all the aspects of Accountany,Economics,Business Lwas and other things. If you even pass your intermidiate course you will be aoppointed as a PRO-TEM secretary or a CS for the firm below capital of 5cr.

What is the highest paying Secretary Job?

Legal Administrative Assistant The Bureau of Labor Statistics reports that administrative support in the legal industry offers among the highest pay—and that can include overtime. While the average annual earnings are $48,000, the amount often increases due to bonuses and profit sharing.

Is CS tough than CA?

Easy Studies – CS is much easier as compared to CA which has been referred to the toughest course in India. The CA course is easy to enter but tough to exit. While the CS is also not easy but not as tough as CA. … On the other hand, CS students can complete their internship after completing the CS studies.

Can Indian CS work in UK?

US is snobbish country where you need to have studied law locally. So absolutely no chance in US. But you can work in other countries like UK, Australia, New Zealand, Singapore, Malaysia, South Africa and Hong Kong after becoming a GradICSA. If you need job immediately, try Guernsey, Bermuda, and State of Gibraltar.

Can anyone be a company secretary?

An important part of managing a UK company is keeping its statutory books and filings up to date. … Otherwise, an individual, partnership or another company (including another group company) are all allowable, and it is common for the director of a company to also act as the secretary.

Is the company secretary a director?

The company secretary can be a director but cannot be: the company’s auditor. an ‘undischarged bankrupt’ – unless they have permission from the court.

Does a company secretary have to attend board meetings?

Any Director, including an Independent Director, of the company may, at any time, summon a Meeting of the Board unless otherwise provided in the Articles. … The Company Secretary or in his absence, any other person authorised by the Board, should then proceed to convene the Meeting.

What is the salary of CS fresher?

While the average salary of fresher may start at somewhere around Rs 4 lakh per annum, it can go up to Rs 9 lakh with an experience ranging between five and nine years and touch Rs 20 lakh per annum for those with an experience of 20 years and over.

Is it mandatory to have a company secretary?

On 6 April 2008 legislation changed such that limited companies are no longer required to appoint a company secretary. However, even though appointing a company secretary is no longer compulsory for limited companies, many still do. … A public company must have a secretary.

Can a company secretary be a CEO?

It is considered good governance for organisations to appoint separate persons as the chief executive officer (CEO) and the company secretary of the organisation. However, it is the practice for some organisations, particularly not-for-profits, to appoint the CEO as the company secretary.

Is CS a good course?

Definitely, Company Secretaryship is a good option for a long term career. … Scope for Company Secretaryship is tremendous since the corporate laws and secretarial laws are becoming complex and a thorough professional like the Company Secretary is the best person to help companies for this.

What is the position of company secretary?

Company secretary responsibilities typically include: Coordinating the production, publication and distribution of company accounts and reports. Communicating on behalf of the company with shareholders, regulatory bodies and stock exchanges. Ensuring company compliance with relevant laws and regulations.

Can you remove a company secretary?

There is no legal requirement for a private limited company to have a company secretary, unless the articles of association expressly state that one must be appointed. … If there is no such provision in the articles, you can choose to appoint or remove a company secretary whenever you like.

Is ICSA difficult?

ICSA tough course! simultaneously. ICSA pass rates can be low and the standards expected are high. It is not a case of question spotting and swatting up on your favourite topics; the modules expect an in-depth understanding and as such the study hours expected are considerable.

Is company secretary a high paying job?

Company secretary takes an upper-level position in an in all the organizational matters including security market, company law, corporate strategies and related cases. Apart from the duties, the CS can expect good pay of 25,000 to 40,000 per month in any Indian company. …

What does a company secretary do UK?

Overseeing the day-to-day administration of the company, e.g. maintaining statutory books, including registers of members, directors and secretaries, organising board meetings and AGMs, preparing agendas and taking minutes.

How much do company secretaries earn?

As an assistant company secretary, you can earn around £56,000 to £82,000. At top level, as a deputy company secretary, your salary will be in the region of £83,000 to £130,000. The top 25% can earn up to and above £184,000; group company secretaries have the potential to earn in excess of £311,000.

What does a CEO do all day?

Meetings make up a big bulk of a CEO’s day too; 72 percent of their work time is spent in meetings, compared to 28 percent alone time. … The study also found CEOs value face-time: 61 percent of their communication was face-to-face, while only 24 percent was electronic (like email), and 15 percent by phone and letter.