CS helps companies in implementing good corporate governance practices, including board meetings, preparation of board agendas, and filing of annual reports.
A Company Secretary (CS) plays a vital role in managing a company’s legal and regulatory compliance in India. The CS is responsible for ensuring that the company meets all the legal requirements, rules and regulations of the Companies Act 2013. This article will discuss the services provided by the Company Secretary in India.
Role of a Company Secretary in India
A Company Secretary in India must ensure that the company complies with all legal and regulatory requirements. They act as a bridge between the company and the regulatory authorities. A Company Secretary is responsible for maintaining the company’s records, conducting meetings, and ensuring that the company follows the best corporate governance practices.
Services provided by a Company Secretary in India
Compliance Services
Compliance services are the most important services a Company Secretary in India provides. The CS ensures that the company complies with all the rules and regulations laid down by the government, such as the Companies Act 2013. The CS is responsible for filing the annual returns and other necessary documents with the Registrar of Companies (ROC) within the specified time frame.
Corporate Governance Services
Corporate Governance services provided by a Company Secretary in India ensure that the company operates ethically and transparently. The CS is responsible for ensuring that the company complies with all the corporate governance guidelines issued by the Securities and Exchange Board of India (SEBI) and other regulatory authorities.
Secretarial Audit
A Secretarial Audit is an independent review of the company’s compliance with legal and regulatory requirements. The company secretary services in India performs a secretarial audit and submits a report to the company’s management. This report highlights any non-compliance issues and suggests corrective actions.
Legal and Advisory Services
A Company Secretary in India also provides legal and advisory services to the company. The CS provides legal advice on matters related to the Companies Act 2013 and other applicable laws. They also advise the company on corporate matters, such as mergers and acquisitions, joint ventures, and collaborations.
Importance of Company Secretary in India
The Company Secretary in India is an important part of a company’s management team. They ensure the company operates within the legal framework and complies with all the rules and regulations. A Company Secretary in India ensures that the company follows the best corporate governance practices, which helps in building the reputation of the company.
Qualifications of a Company Secretary in India
To become a Company Secretary in India, one must clear the Foundation, Executive, and Professional Programmes conducted by the Institute of Company Secretaries of India (ICSI). After completing the Professional Programme, one can apply for membership in the ICSI and become a Company Secretary in India.
Conclusion
In conclusion, a Company Secretary in India ensures that the company complies with all legal and regulatory requirements. The CS provides various services, such as compliance, corporate governance, secretarial audits, and legal and advisory services. The Company Secretary in India is an important part of the management team and ensures that the company operates within the legal framework and we at Vakilsearch provide you one of best experts on call!
