What is company secretarial practice

A 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.

Company secretaries are at the heart of the company, providing the enterprise and its directors with the right legal, compliance, accounting and governance support and advice at the right time. Company secretaries also serve as the link between the board and the rest of the company, its shareholders and the public.

What is a company secretary function?

Depending on the size of the organisation, the “function” may refer to an individual, who is usually a member of the senior team and often legally qualified, such as a general counsel

Or, the company secretary function may be carried out by a general counsel-led legal team or by a separate company secretariate team

What is a company secretary in practice – ready reckoner?

218Company Secretary in Practice –Ready Reckoner such cases shall solely be of the concerned trade/firm and at its own risk and costs and not of the ICSI

The ICSI shall not be any party to any kind of dispute that may arise in this regard

Company Secretary in Practice –Ready Reckoner 219 APPENDIX XIX

×Company secretarial practice refers to the level of administrative function within a business that ensures good corporate governance, effective administration and compliance with legislation, laws and regulations that govern business and industry. According to the Companies Act, 2013, a company secretary in practice is a secretary who is deemed to be in practice under sub section (2) of the section 2 of the Company Secretaries Act, 1980. The company secretary ensures that an organisation complies with relevant legislation and regulation, and keeps board members informed of their legal responsibilities.

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