How hard is company secretary?
Skills Required for Company Secretary: You must be really dedicated and hard working. You should have knowledge of legal aspects of accounting, taxation, auditing and other financial activities. You must have the ability to work hard with honesty and commitment.
How can a company secretary be dismissed?
If the board of directors is not pleased with the performance of the company secretary, they can eliminate him giving prior written notice. A company secretary may be dismissed without notice if he is charged with willful disobedience, misconduct, moral turpitude, negligence of duties, permanent disabilities, etc.
Which company should appoint a full time secretary?
WHO CAN APPOINT CS? As per Section 203 of The Companies Act 2013, Every listed company and every other companies having paid up share capital of rupees 10 crores or more shall have a whole time company secretary in their board.24
How much a practicing CS can earn?
Legal document review: This skill can help earn a CS professional of an average annual salary of over Rs 7 lakh. Regulatory compliance: One can earn over Rs 6.7 lakh per annum on an average with this skill. Taking meeting minutes: Can help a CS professional earn a salary of over Rs 6.14 lakh per annum on an average.24
Is company secretary legally responsible?
The company secretary remains responsible and must check and sign paperwork. You can use a professional chartered secretary, the company’s accountant (but not auditor), a solicitor or another provider of company administration services.
Who appointed the first secretary of a company?
1. By the promoters: The first secretary of a company is appointed by the promoters at the pre-incorporation stage and such name is mentioned in the Articles of Association. Such an appointment is given to assist all preliminary works of company incorporation.
Does a company secretary attend board meetings?
While the Companies Act does not generally specify the role of the company secretary, they usually undertake the following duties: Maintaining the company’s statutory books, including: a register of present and past directors and secretaries. minutes of general meetings and board meetings.14
Can a company secretary sign accounts?
And accounts must generally be accompanied by: a directors’ report signed by a secretary or director and their printed name, including a business review (or strategic report) if the company does not qualify as small.25
Does a company secretary get paid?
The secretary role can be a paid role, although it doesn’t have to be. If you are paying family members a salary from your company, the amount paid should be in line with the services performed.6
Which is harder CA or CS?
But CA is comparatively tougher than CS. Most candidates take multiple attempts to clear CA. The pass percentage is very low. The syllabus for CS used to be comparatively easier than that of CA.19
Can you have 2 company secretaries?
There is no longer a requirement to have a company secretary however you may add one if you wish. You may appoint one or more secretaries for your company. It is no longer essential to nominate a company secretary however if you do then you will need to provide the secretary’s full name and service address.